AAP

Advance Auto Parts Inc

Consumer, Industrial/Transportation


Presented:01/16/2024
Price:$61.40
Cap:$3.65B
Current Price:$39.47
Cap:$2.36B

Presented

Date01/16/2024
Price$61.40
Market Cap$3.65B
Ent Value$6.77B
P/E Ratio19.68x
Book Value$44.50
Div Yield3.66%
Shares O/S59.50M
Ave Daily Vol1,946,520
Short Int9.91%

Current

Price$39.47
Market Cap$2.36B
Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Advance Auto Parts/Carquest U.S., Carquest Canada, Worldpac, and Independents. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.

Publicly traded companies mentioned herein: Advanced Auto Parts, Inc. (AAP), Auto Zone, Inc. (AZO), O'Reilly Automotive Inc. (ORLY) 

Highlights

The presenter is long shares of Advanced Auto Parts (AAP), emphasizing the potential for improvement in the business from an ongoing strategic review that could result in divestitures that lead to better supply dynamics and an increase in working capital. He expects these changes to result in higher EBITDA in 2025, which he applies an 8x multiple to for 87% upside from the current price.

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Idea Discussion

Commentor 1 - 2 weeks ago

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