AAP - Advance Auto Parts: Buy Sell or Hold?
2023-07-06 07:00:00 ET
Advance Auto Parts (NYSE: AAP) isn't just disliked among financial market commentators; it's actually despised. Even long-standing value investors have made a pariah of this automotive parts standby.
In a time when new vehicles are expensive and the average age of a car on the road is 12.5 years, Advance Auto Parts stock should be an obvious buy-and-hold. Yet, the company's first-quarter financial report was so disastrous that Advance Auto Parts stock went from a no-brainer to a no-go for many prospective investors.
Still, if you dare to venture where others won't, there just may be a bargain afoot with this beaten-down auto parts purveyor.
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Advance Auto Parts: Buy, Sell, or Hold?