ORLY - Advance Auto Parts: Strong DIFM Presence Margin Expansion Potential And Favourable Macros
- Advance Auto Parts will benefit from a recovery in miles driven and ageing vehicles.
- The company's DIFM exposure is also a plus as DIFM is expected to perform better than DIY end market coming out of the pandemic.
- AAP is taking multiple initiatives to improve margins.
- Valuation looks cheap compared to the historical average.
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Advance Auto Parts: Strong DIFM Presence, Margin Expansion Potential And Favourable Macros