AAP - Bullish Move: Kristen L Soler Shows Confidence Acquires $52K In Advance Auto Parts Stock | Benzinga
It was revealed in a recent SEC filing that Kristen L Soler, EVP at Advance Auto Parts (NYSE:AAP) made a noteworthy insider purchase on December 6,.
What Happened: In a recent Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, Soler increased their investment in Advance Auto Parts by purchasing 1,000 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $52,867.
Monitoring the market, Advance Auto Parts's shares up by 0.65% at $55.52 during Thursday's morning.
Discovering Advance Auto Parts: A Closer Look
Advance Auto Parts is one of the industry's largest retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers and third-party vehicle repair facilities in North America. Advance operated 5,086 stores as of the end of 2022, in addition to servicing 1,311 independently owned Carquest stores. The company's Worldpac chain is a premier distributor of imported original-equipment parts. Advance derived 59% of its 2022 sales from commercial clients, with the remainder from DIY shoppers.
Financial Milestones: Advance Auto Parts's Journey
Revenue Growth: Advance Auto Parts's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of ...