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Advance Auto Parts Stock Falls After Earnings Report. Why a Raised Outlook Isn’t Enough.
Advance Auto Parts posted first-quarter adjusted earnings of 67 cents a share on revenue of $3.4 billion. Analysts surveyed by FactSet were expecting the company to report earnings of 68 cents a share on revenue of $3.43 billion. Comparable-store sales declined 0.2% while Wall Street was expecting no change.
Why Advance Auto Parts Stock Plunged Today
In August 2023, Advance Auto Parts hired Shane O'Kelly from HD Supply to be its new president and CEO. He inherited a business with lower profit margins than its peers and consequently began reshaping the leadership team and restructuring the business for better performance.
Advanced Auto Parts loses early gains after company pulls raised guidance - update
Advanced Auto Parts (AAP) shares drop after company admits error on Q1 earnings release and pulls FY24 raised guidance. Read more here.
1d
Solar to car parts: portfolio manager's stock shorts
STORY: Whelan sees "any retailer levered to consumer credit" as being "stretched", with companies' fundamentals beginning to ...
5d
on MSN
Forget Carvana: Billionaire Investor Dan Loeb Just Bought This Other Inflation-Proof Car Stock Instead
The automotive market is facing inflation-driven headwinds, but one sector of car retail looks good right now.
Tech Xplore on MSN
2d
Fears over future of the car industry as sales fall and spare parts become scarce
Much money and time has been spent recently persuading people not to be so reliant on cars. And there are certainly good ...
1h
on MSN
I'm a classic car expert - here's why prices won't plunge after the recent surge
With values tumbling and sell-through rates at auction dropping, the obvious synopsis is that the classic car market's bubble ...
4d
New national distribution centre for car parts business
GSF Car Parts, the leading car parts distributor, has announced the opening of its new national distribution centre in Four ...
1d
Trump social-media stock ‘DJT’ tumbles following guilty verdict in hush-money case
Trump Media & Technology Corp. shares fell 6% after Trump was found guilty on all 34 counts of falsifying business records in ...
7d
Toyota MR2, Volkswagen-Engine Trike, Chevy Malibu Stock Car: The Dopest Cars I Found For Sale Online
I swear, in these weeks off, everyone posts their most unhinged vehicles on Marketplace. You look at that three-wheel, ...
The Business Journals
3d
Advance Auto Parts, in turnaround mode, targets supply chain consolidation
Advance Auto
Parts
remains in course correction as a new CEO tries to ... tightening wallets as factors for the slower ...
Motor Trend
3d
Possessed by Demons: This All-Stock Dodge Challenger Scat Pack 1320 Runs 11.30s
Dodge made the secretive and super-fast Scat Pack 1320, the quickest naturally aspirated muscle car Dodge ever built.
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