Advance Auto Parts Inc. (NYSE: AAP) has reported earnings for its second fiscal quarter (ending June 30) of $0.75 versus $1.32 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-0.41 compared to $5.39 a year ago.
Recent Price Action
Advance Auto Parts Inc. (NYSE: AAP) stock closed at $51.10 on 8/22/24 after a major decline of -17.5%. Moreover, exceptionally high trading volume at 887% of normal accompanied the decline. The stock has declined -15.5% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, AAP is expected to continue to be a Value Builder.
Advance Auto Parts has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Advance Auto Parts has a neutral Power Rating of 58 and a slightly positive Appreciation Score of 66, producing the Positive Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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