AAP

Advance Auto Parts Inc

Consumer, Industrial/Transportation


Presented:04/25/2024
Price:$74.71
Cap:$4.45B
Current Price:$39.47
Cap:$2.36B

Presented

Date04/25/2024
Price$74.71
Market Cap$4.45B
Ent Value$7.58B
P/E Ratio100.9x
Book Value$42.34
Div Yield1.34%
Shares O/S59.61M
Ave Daily Vol1,933,688
Short Int9.08%

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.

Please note, this is an update to Advance Auto Parts Inc (AAP) - Long, which was originally pitched on 01/16/2024.

Publicly traded companies mentioned herein: Advance Auto Parts, Inc. (AAP), Home Depot, Inc. (HD)

Highlights

The presenter remains long shares of Advanced Auto Parts, Inc. (AAP), as he believes the company presents a compelling opportunity for investors, bolstered by the appointment of CEO Shane O'Kelly and ongoing strategic reviews. The intended sale of the Worldpac portions of AAP’s business could yield a higher-than-expected valuation, unlocking significant shareholder value through working capital release. Consolidation of Carquest Canada stores and operational enhancements further enhance AAP's competitive position. Lastly, the presenter anticipates AAP's earnings per share to reach $10 by 2026, driven by conservative assumptions. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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