AAP - Revving Up for Success: Is Advance Auto Parts a Must-Buy Value Stock Now?
2023-08-31 08:00:00 ET
Perception matters a lot in investing. Is a poorly performing company simply a bad investment to be avoided at all costs? Or is it a potential value opportunity, particularly when it has peers with metrics that management can target? That's the dilemma facing potential investors in Advance Auto Parts (NYSE: AAP) now.
Let's look at the challenges its new CEO will face as he takes over in September and whether the stock is a value play.
Alongside its disappointing set of second-quarter earnings, Advance Auto Parts announced the appointment of a new CEO, Shane O'Kelly, who will start in mid-September.
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Revving Up for Success: Is Advance Auto Parts a Must-Buy Value Stock Now?