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AAP 
Advance Auto Parts Inc (AAP)
Stock price based on last close (see disclosures)
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Upturn Advisory Summary
12/11/2024: AAP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -37.5% | Avg. Invested days 22 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/11/2024 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.82B USD | Price to earnings Ratio 59.86 | 1Y Target Price 44.05 |
Price to earnings Ratio 59.86 | 1Y Target Price 44.05 | ||
Volume (30-day avg) 2816236 | Beta 1.19 | 52 Weeks Range 35.59 - 87.33 | Updated Date 12/31/2024 |
52 Weeks Range 35.59 - 87.33 | Updated Date 12/31/2024 | ||
Dividends yield (FY) 2.43% | Basic EPS (TTM) 0.79 |
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -0.11% | Operating Margin (TTM) 2.67% |
Management Effectiveness
Return on Assets (TTM) 0.25% | Return on Equity (TTM) -0.46% |
Valuation
Trailing PE 59.86 | Forward PE 30.49 | Enterprise Value 6093178323 | Price to Sales(TTM) 0.25 |
Enterprise Value 6093178323 | Price to Sales(TTM) 0.25 | ||
Enterprise Value to Revenue 0.55 | Enterprise Value to EBITDA 12.99 | Shares Outstanding 59734500 | Shares Floating 58853466 |
Shares Outstanding 59734500 | Shares Floating 58853466 | ||
Percent Insiders 1.1 | Percent Institutions 117.02 |
AI Summary
Advance Auto Parts Inc. - A Comprehensive Overview
Company Profile:
History and Background: Advance Auto Parts (AAP) was founded in 1932 and has grown to become a leading retailer and distributor of automotive aftermarket parts, accessories, and services in the United States, Canada, and Puerto Rico. The company operates over 4,700 stores and serves over 130,000 business customers.
Core Business Areas: AAP focuses on three core segments:
- Retail: Offering parts and accessories to individual customers through its stores and online platform.
- Commercial: Providing parts and services to professional installers, repair shops, and fleets.
- Professional: Distributing parts and tools to professional automotive technicians.
Leadership and Corporate Structure: The current CEO is Tom Greco. The Board of Directors includes experts from diverse industries, bringing valuable experience to the company's strategic direction.
Top Products and Market Share:
Top Products:
- Batteries
- Brakes
- Filters
- Spark plugs
- Wipers
- Tools
Market share: AAP holds a leading market share in the US aftermarket auto parts industry, with approximately 13.5% as of 2022. Major competitors include O'Reilly Auto Parts and AutoZone.
Product Performance: AAP's private label brands, such as Duralast and Carquest, have gained popularity due to their competitive pricing, quality, and availability.
Total Addressable Market: The global automotive aftermarket is estimated to reach $1.1 trillion by 2027. The North American market is expected to reach $471.9 billion by 2029, presenting significant growth opportunities for AAP.
Financial Performance:
Revenue: AAP's annual revenue in 2022 was $10.9 billion, reflecting a 5.4% increase from the previous year.
Net Income: The net income for 2022 was $581.4 million, compared to $503.5 million in 2021.
Earnings Per Share (EPS): EPS for 2022 was $7.70, compared to $6.10 in 2021.
Financial health: AAP has a solid financial position with strong cash flow and manageable debt levels.
Dividends and Shareholder Returns:
Dividend History: AAP has a consistent track record of dividend payouts, with an annual dividend yield of 3.01% as of November 2023.
Shareholder Returns: Over the past year, AAP's stock price has increased by approximately 15%, outperforming the S&P 500 index.
Growth Trajectory:
Historical Growth: AAP has consistently grown its revenue and earnings over the past five years.
Future Prospects: The company's future growth is supported by factors like expanding store base, growth of online sales, and strategic acquisitions.
Market Dynamics:
Industry Trends: The automotive aftermarket industry is driven by factors like increasing vehicle age, rising demand for DIY repairs, and technological advancements.
AAP's Position: AAP is well-positioned within the industry due to its extensive store network, strong brand recognition, and focus on digital transformation.
Competitors:
Major Competitors: O'Reilly Auto Parts (ORLY) and AutoZone (AZO).
Market Share: AAP holds the second-largest market share in the industry, behind O'Reilly.
Competitive Advantages: AAP's competitive advantages include a diversified product portfolio, strong distribution network, and focus on customer service.
Challenges and Opportunities:
Challenges: Supply chain disruptions, rising inflation, and competition from online retailers.
Opportunities: Growth in DIY repairs, expansion into new markets, and development of new technologies, such as connected car services.
Recent Acquisitions:
Notable acquisitions: Autopart International (2021), Bumper to Bumper (2019)
Strategic rationales: These acquisitions expanded AAP's presence in key markets, broadened its product portfolio, and strengthened its distribution network.
AI-Based Fundamental Rating:
Rating: 8/10
Justification: AAP has a strong financial profile, leading market share, and promising growth prospects. The company's AI-based rating reflects its overall positive fundamentals.
Disclaimer: This information is intended for educational purposes only and should not be considered financial advice. It is essential to conduct your research and consult with qualified financial professionals before making investment decisions.
Sources:
- Advance Auto Parts Inc. website
- SEC filings
- Statista
- Yahoo Finance
- Wall Street Journal
This overview provides a comprehensive analysis of Advance Auto Parts Inc. and its current standing within the automotive aftermarket industry. However, it's important to stay informed about the latest developments and market dynamics to make informed investment decisions.
About NVIDIA Corporation
Exchange NYSE | Headquaters Raleigh, NC, United States | ||
IPO Launch date 2001-11-29 | President, CEO & Director Mr. Shane M. O'Kelly | ||
Sector Consumer Cyclical | Industry Specialty Retail | Full time employees 40000 | |
Full time employees 40000 | |||
Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts. It also offers air conditioning chemicals and accessories; air fresheners; antifreeze and washer fluids; electrical wires and fuses; electronics; floor mats, seat covers, and interior accessories; hand and specialty tools; lighting products; performance parts; sealants, adhesives, and compounds; tire repair accessories; vent shades, mirrors and exterior accessories; washes, waxes and cleaning supplies; and wiper blades. In addition, the company offers air filters; fuel and oil additives; fuel filters; grease and lubricants; motor oils; oil filters, part cleaners and treatments; and transmission fluids for engine maintenance. Further, it offers battery and wiper installation; engine light scanning and checking; electrical system testing, including batteries, starters, and alternators; oil and battery recycling; and loaner tool program services. Additionally, the company sells its products through its website. It serves professional installers and do-it-yourself customers. The company operates stores under the Advance Auto Parts and Carquest names, as well as branches under the Worldpac name. The company has stores in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada; and independently owned Carquest branded stores in Mexico and various Caribbean Islands. Advance Auto Parts, Inc. was founded in 1929 and is based in Raleigh, North Carolina.
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