Advance Auto Parts Announces Acquisition of BWP Distributors; Adds 124...
Advance Auto Parts AAP announced that it has entered into a definitive all-cash agreement to purchase BWP Distributors, a Northeastern auto part retailer that focuses on the commercial market. After...
View ArticleAdvance Auto Parts Announces Management Reorganization: Hires New President...
On Thursday afternoon, Advance Auto Parts AAP announced that the company has made changes to several key executive positions, in an effort to simplify the company's organizational alignment. In our...
View ArticleAdvance Auto Parts Reports Soft 1Q, but Notes Improving Trends; Shares...
Advance Auto Parts AAP reported soft first-quarter results due to ongoing weakness in vehicle maintenance spending. Despite a 3% same-store sales decline, revenue increased 3% to $2.0 billion, thanks...
View ArticleAdvance Auto Parts Hires Blackstone to Advise Potential Sale; Shares Remain...
On Thursday afternoon, various news outlets reported that Advance Auto Parts AAP had hired Blackstone to explore a potential sale of the company, sending shares up over 14%. So far, neither party has...
View ArticleAdvance Auto Parts Exceeds 4Q Expectations, Forecast In Line
Advance Auto Parts AAP reported solid fourth-quarter results that exceeded our expectations, largely thanks to longer-than-expected industry tailwinds from a surge in demand for aftermarket parts....
View ArticleAdvance Auto Parts Maintains Full-Year Outlook Despite Slow Start in 1Q;...
Advance Auto Parts AAP posted first-quarter results that were generally in line with our internal projections but fell short of management's expectations. On its mid-February earnings call, management...
View ArticleAdvance Auto Parts Reports Relatively Weak 3Q Sales, but Profitability Spikes...
Advance Auto Parts AAP saw third-quarter earnings per share grow 37% to $1.41, but this was primarily because of cost cuts and share buybacks rather than market share gains. Comparable sales continue...
View ArticleAdvance Auto Parts Exceeds 3Q Expectations, Raises Forecast; Increasing Our...
Advance Auto Parts AAP reported solid third-quarter results that exceeded our expectations, largely thanks to longer-than-expected industry tailwinds from a surge in demand for aftermarket parts....
View ArticleAdvance Auto Parts Under Review
We are placing Advance Auto Parts AAP under review as we reassess our assumptions and update our discounted cash-flow analysis on the basis of continued positive momentum in the aftermarket parts...
View ArticleAdvance Auto Parts' 3Q In Line
After reviewing Advance Auto Parts' AAP third-quarter results, released Thursday, we are keeping our fair value estimate at $50 per share. Total revenue increased 7.8%, to $1.1 billion, driven by new...
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