Advance Auto Parts Inc is a leading retailer of automotive replacement parts, accessories, and maintenance products. Catering to both professional installers and do-it-yourself customers, the company offers an extensive selection of automotive merchandise, including batteries, brakes, filters, and lighting products. With a strong focus on customer service, Advance Auto Parts operates stores across the United States and Canada, providing expert advice and support to help customers maintain and repair their vehicles. Additionally, the company emphasizes the integration of online and in-store shopping experiences to enhance customer convenience. Read More
Goldman Sachs analyst Brooke Roach warns that U.S. tariff hikes will significantly impact retail, with China's tariff rate soaring to 54% and key sourcing nations like Vietnam (46%) and Cambodia (49%) facing steep increases. Apparel and footwear tariffs will average 38%, forcing brands to adjust pricing and negotiate costs.
Shares of auto parts and accessories retailer Advance Auto Parts (NYSE:AAP) jumped 8.6% in the afternoon session after shares of auto parts companies rose as the 25% tariffs announced by President Trump on all vehicles imported into the US suggested new vehicles might be more expensive. Anticipating higher prices, markets were betting that consumers would delay purchasing new vehicles and instead hold on to their current ones longer. This shift in behavior is expected to boost demand for car rentals as well as repairs and maintenance, potentially benefiting auto parts suppliers.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Advance Auto Parts (NYSE:AAP) and its peers.
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced today that it has completed the store closure phase of its transformation plan and is entering its next phase of returning to growth.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the auto parts retailer industry, including O'Reilly (NASDAQ:ORLY) and its peers.
Retailers are adapting their business models as technology changes how people shop. Still, secular trends are working against their favor as e-commerce continues to take share from brick and mortars.
This puts retail stocks in a tough spot, and over the past six months, the industry has pulled back by 3.4%. This drop was disheartening since the S&P 500 gained 4.9%.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how AutoZone (NYSE:AZO) and the rest of the auto parts retailer stocks fared in Q4.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the auto parts retailer industry, including Monro (NASDAQ:MNRO) and its peers.
Shares of auto parts and accessories retailer Advance Auto Parts (NYSE:AAP) fell 14.4% in the afternoon session after the company reported weak fourth-quarter results: its revenue guidance for the full year was only in line with analysts' expectations. Meanwhile, Advance Auto Parts gave an upbeat earnings forecast for the year, topping analysts' estimates.
Auto parts and accessories retailer Advance Auto Parts (NYSE:AAP) beat Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $2.00 billion. On the other hand, next quarter’s revenue guidance of $2.5 billion was less impressive, coming in 4.4% below analysts’ estimates. Its non-GAAP loss of $1.18 per share was 4.2% above analysts’ consensus estimates.
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the fourth quarter and full year ended December 28, 2024.
Auto parts and accessories retailer Advance Auto Parts (NYSE:AAP) will be reporting earnings tomorrow before the bell. Here’s what investors should know.
