Advance Auto Parts Inc. (NYSE: AAP) has reported a loss for its fourth fiscal quarter (ending December 31) of $-0.59 versus $1.40 for the same period a year ago — a decline of -142%. This performance was $-0.81 short of the consensus estimate of $0.22. For the latest four quarters through December 31, E.P.S. were $0.50 compared to $7.70 a year ago — a decline of -94%.
Recent Price Action
Advance Auto Parts Inc. (NYSE: AAP) stock enjoyed a large increase of 2.6% on 2/28/24. The stock closed at $66.42. Moreover, this advance was accompanied by exceptionally high trading volume at 484% of normal. Relative to the market the stock has been weak over the last nine months but has risen 7.5% during the last week.
Current PriceTarget Research Rating
AAP is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Advance Auto Parts has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Advance Auto Parts has a good Appreciation Score of 72 but a poor Power Rating of 24, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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