nyseaap
As the economy continues to weaken, AAP stock looks undervalued for a reason Advance Auto Parts (NYSE:AAP) delivered an earnings report that was a disaster by almost every measure, pulling down the entire auto parts sector as a result. That may be a buy-the-dip opportunity, but not likely for AAP stock. That’s because the results from Advanced Auto Parts is reinforcing a time-honored truth for investing in volatile markets: Buy the best and forget the rest. As of Thursday’s pre-market activity, AAP stock is down a further 2.5%, as it extends a more than 60% decline over the last 12 months. The...
ValueWalk
The shopping spree in the used car market has left some after-market car parts out of the game as consumers feel comfortable in their new acquisitions, however as the used car market faces rising negative equity and other challenges, these forgotten players may be the only hope for losing car note holders to escape.Advance Auto Parts has been beaten down after a disappointing 2022; however, markets seem to be missing a major pivot in operational margins and earnings per share in the last quarter.Share buybacks, attractive dividend yields, “smart money” buying in and analysts targeting massive ...
ValueWalk
Autozone continues to outperform expectations and drive value for shareholders.Competitors like Advance Auto Parts are doing the same.Autozone doesn’t pay a dividend but share repurchases and analyst activity have the stock well-supported.Autozone (NYSE:AZO) and its competitors like Advance Auto Parts (NYSE:AAP) have been running rings around the average S&P 500 company and it doesn’t look like that is going to end soon. Not only has the company been able to sustain a market-beating pace of performance but robust capital returns are helping to support share prices as well. Q3 2022 hedge fund l...
ValueWalk
Advanced Auto Parts is down over 15% after delivering poor results on its bottom line.Analysts have been quick to downgrade AAP stock on concerns about demand in a weakening economy.The company is making investments in its supply chain to ensure that this quarter is an outlier to what has been a bullish story.Investors should wait for more clarity before taking a position in AAP stock.Advance Auto Parts (NYSE:AAP) is down more than 15% after missing badly on the bottom line in its third-quarter earnings report. The company’s revenue of $2.64 billion came in roughly in-line with expectations. B...
ValueWalk
Auto parts retailer O’Reilly may be forming a constructive cup-with-high-handle pattern.Analysts expect the company to earn $31.82 per share this year, which would be an increase of 2%.Shares of rival AutoZone are up 5.4% since it reported fiscal fourth-quarter results in mid-September.The company topped earnings estimates and delivered stronger-than-ever same-store sales.Car parts retailers O’Reilly Automotive (NASDAQ:ORLY) and AutoZone (NYSE:AZO) are both attempting to climb out of consolidations, as they outperform the broader market. Q3 2022 hedge fund letters, conferences and more Find A ...
ValueWalk
The market for Autozone (NYSE:AZO) stock pulled back from a fresh all-time high ahead of the FQ4 earnings release because there was cause for concern. Not only was the stock trading at an above-average P/E for the S&P 500 (NYSEARCA:SPY) and well above its peer Advance Auto Parts (NYSE:AAP) but the fundamental set-up favored Advanced Auto Parts because of the channel mix. Advance Auto Parts has less exposure to DIY sales and the DIY channel was and is projected to be weaker in the near term, spurring the analyst to act, but their negativity appears to be misplaced. Q2 2022 hedge fund letters, c...
ValueWalk
Autozone (NYSE:AZO) is slated to report FQ4 earnings in mid-September and the price action is correcting ahead of the news. The stock is down more than 10% from the latest all-time high, which suggests that Autozone stock is setting up for a buying opportunity in light of the long-term uptrend in price action. The problem is there are factors weighing on the stock that could keep the price action moving lower and point to Advance Auto Parts (NYSE:AAP) as a better buy for investors. Among them are valuation, dividends, and the analyst’s outlook which favors the one over the other. The takeaway ...
ValueWalk
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