AAP News and Press, Advance Auto Parts Inc W/I From 07/13/23

2023-07-13 17:02:42 ET Summary Advance Auto Parts is struggling with margins and competitive pricing in a high inflation environment. The company has missed revenue and EPS estimates in 4 out of the past 5 quarters. AAP aims to improve gross margins and win back customer share...

2023-07-13 08:30:00 ET Summary June 2023 saw significant insider purchases in Lucid Group, Diversified Healthcare Trust, Akoya Biosciences, and Axon Enterprise. The Public Investment Fund bought $1.8 billion worth of shares in Lucid Group, increasing its ownership to 74.95%. Diver...

2023-07-12 11:45:31 ET Summary Markets roared higher at the open after CPI fell in June 2023. Higher energy prices still on the horizon: impact assessed. I have a S&P 500 4,500 target. Investors heavily exposed to equities will like the cooler June 2023 consu...

2023-07-11 19:45:00 ET Summary Heading into the Q1 earnings season, we were expecting an ‘earnings recession’ based on a negative Q4 actual growth rate along with analyst estimates forecasting a negative growth rate for both Q1 and Q2. Over the last three months, the...

2023-07-07 17:02:00 ET Shares of automotive parts retail chain Advance Auto Parts (NYSE: AAP) dropped 52.2% in the first half of 2023, according to data provided by S&P Global Market Intelligence . The drop was particularly painful for shareholders considering the S&P ...

2023-07-06 19:25:00 ET Summary In what turned out to be a prescient endorsement, insider sentiment reached a fever pitch toward the latter half of May/beginning of June. For the month, the S&P 500 Total Return Index rallied +6.6% and this time the market move benefited more th...

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 averag...

2023-07-06 06:00:00 ET Summary The Palm Valley Capital Fund invests in small cap stocks. While our Fund is new, its underlying absolute return-based investment strategy is not. We have practiced the same strategy throughout our careers in investment management. The Palm Valley Cap...

2023-07-05 05:53:41 ET Summary Advance Auto Parts' share price is at its lowest in five years, with the company's fundamentals appearing weaker than before, leading to a justified fall in share price. AAP has cut its dividend by 83% and its buybacks have not been efficiently alloc...

2023-07-01 09:45:00 ET Advance Auto Parts ' (NYSE: AAP) first-quarter financials crushed any remaining optimism investors might have had for this company's potential turnaround. Revenue barely increased, and net income shrunk by more than two-thirds. Making matters...