Advance Auto Parts Inc W/I ($AAP) Stock Forecast: Up 5.6% Today

What is Advance Auto Parts Inc W/I?

AAP, a major player in the automotive aftermarket parts industry, experienced bearish market sentiment today.

Why is Advance Auto Parts Inc W/I going up?

AAP stock is up 5.6% on Dec 4, 2024 16:18

• Despite challenges mentioned, investors showed positive reactions possibly due to cost-cutting measures or partnerships.
• The bullish activity might be linked to recent earnings, product launches, or a promising outlook.
• Investor behavior could have been affected by broader market trends and macroeconomic factors lifting the stock price despite negative sentiment.

AAP Price Chart

AAP Technical Analysis

AAP News

Here's Why You Should Offload Advance Auto From Your Portfolio

AAP faces headwinds from planned store closures, weakness in the DIY segment and high capital requirements.

https://www.zacks.com/stock/news/2377134/heres-why-you-should-offload-advance-auto-from-your-portfolio

Trending Today

Sui ($SUI) Crypto Forecast: Up 9.2% Today

Aave ($AAVE) Crypto Forecast: Up 18.2% Today

Horizen ($ZEN) Crypto Forecast: Up 33.2% Today

Solana ($SOL) Crypto Forecast: Up 5.2% Today

Shiba Inu ($SHIB) Crypto Forecast: Up 5.1% Today

crypto.com ($CRO) Crypto Forecast: Up 5.2% Today

Memecoin ($MEME) Crypto Forecast: Up 5.4% Today

Hedera Hashgraph ($HBAR) Crypto Forecast: Up 13.1% Today

Binance Coin ($BNB) Crypto Forecast: Up 5.2% Today

Avalanche ($AVAX) Crypto Forecast: Up 5.6% Today

Advance Auto Parts Inc W/I Price History

13.08.2024 - AAP Stock was up 5.2%

• Despite earnings missing projections, AAP saw a bullish trend.
• Negative remarks from Jim Cramer about AAP's operations did not faze investors.
• Market interest may be shifting towards other strengths in AAP's business or future growth prospects.
• Investors could be hopeful about the company's potential to navigate current obstacles and enhance financial results down the line.

22.07.2024 - AAP Stock was down 16.0%

• The bearish movement in AAP stock today can be attributed to a combination of factors:
• Missing earnings per share (EPS) for Q2 2024, coming in at 75 cents compared to the analyst estimate of 95 cents.
• Despite beating revenue expectations, the lower EPS and downbeat FY24 guidance led to a negative investor sentiment.
• The announcement of the $1.5 billion sale of its Worldpac business might have raised concerns about the company's future growth prospects.
• Overall, the market reacted negatively to the disappointing earnings, lowered guidance, and significant business unit sale, causing a sharp decline in AAP stock price.

22.07.2024 - AAP Stock was down 15.7%

• The bearish movement in AAP stock was due to the company missing earnings per share (EPS) estimates for Q2 2024, reporting 75 cents compared to the expected 95 cents.
• The lowered guidance for FY24 after the Worldpac sale may have further affected investor sentiment and contributed to the stock's decline.
• The sale of Worldpac to Carlyle for $1.5 billion was possibly viewed as a strategic move to streamline operations. However, the market's reaction indicates concerns about the company's future performance post the divestiture.

22.07.2024 - AAP Stock was down 18.4%

• The bearish movement in AAP stock today can be attributed to a combination of factors:
• Disappointing second-quarter earnings missing estimates by 22.68%.
• Slashed FY24 outlook, indicating potential challenges ahead for the company.
• Investor confidence shaken by the announcement of the sale of Worldpac, a significant business unit, to Carlyle for $1.5 billion.
• The sale of Worldpac could be seen as a strategic move by Advance Auto Parts to streamline its operations or raise capital, but it seems to have added to the negative sentiment surrounding the stock.
• Overall, the market reacted strongly to the recent developments, leading to a significant drop in AAP stock price as investors reassess the company's future prospects post these events.

23.07.2024 - AAP Stock was down 5.5%

• AAP stock plunged to its lowest level in 2024, dropping more than 20% early Thursday, indicating significant investor concern.
• The billion-dollar deal to sell Worldpac to Carlyle might have raised doubts about Advance Auto's future growth potential among investors.
• The decision to divest Worldpac for $1.5 billion could be seen as a strategic move to streamline operations, but it seems to have triggered a negative market reaction due to uncertainties about the company's future direction.
• Overall, the market movement suggests that investors are reacting negatively to the company's recent strategic decisions, leading to a bearish trend in AAP stock.

01.09.2024 - AAP Stock was down 5.6%

• AAP stock faced a notable downward trend, possibly influenced by the general pessimism surrounding the auto supplier sector.
• Stellantis' lowered guidance, a key player in the industry, has sparked worries about the sector's outlook, affecting AAP stock negatively.
• Investors could be responding to the probable obstacles and uncertainties in the auto parts industry, resulting in the decline in AAP stock value.

23.07.2024 - AAP Stock was down 5.8%

• AAP reported weak second-quarter earnings, missing estimates and slashing its FY24 outlook. This disappointing financial performance likely led to a bearish movement in the stock.
• The company's decision to sell its business unit, Worldpac, to private equity giant Carlyle might have also contributed to investor concerns about AAP's future growth prospects.
• Analysts slashing their forecasts for AAP after the downbeat earnings report could have further dampened investor confidence in the stock, leading to the bearish market movement today.

04.08.2024 - AAP Stock was down 5.0%

• Despite bullish options bets on AAP by smart money investors, the stock saw significant bearish movement today.
• The consumer discretionary sector, which includes companies like Red Robin Gourmet Burgers, is showing opportunities for investors to purchase undervalued stocks, but this positivity did not reflect in AAP's movement.
• It appears that market reaction may have been influenced by factors beyond options trading, potentially tied to broader economic indicators or specific news related to Advance Auto Parts.

15.09.2024 - AAP Stock was up 5.4%

• Analysts at TD Cowen upgraded their rating on Advance Auto Parts, potentially impacting the stock's performance.
• Positive sentiments from top Wall Street analysts towards AAP may have encouraged increased investor trust in the company.
• Another upgrade by the same analyst for SM Energy Company to Buy from Hold could have positively influenced market sentiment towards AAP, reflecting a favorable outlook for the sector.

04.11.2024 - AAP Stock was up 5.6%

• Despite challenges mentioned, investors showed positive reactions possibly due to cost-cutting measures or partnerships.
• The bullish activity might be linked to recent earnings, product launches, or a promising outlook.
• Investor behavior could have been affected by broader market trends and macroeconomic factors lifting the stock price despite negative sentiment.

14.10.2024 - AAP Stock was down 7.6%

• Advance Auto Parts (AAP) reported an unexpected loss in Q3 and revised its 2024 guidance downwards, leading to a bearish market movement.
• The company's Q3 earnings missed expectations, with a reported loss per share of 4 cents compared to an expected EPS of 49 cents, and a decline in quarterly sales.
• The disappointing results and lowered guidance reflect challenges in the company's performance, possibly due to weaker consumer demand or operational issues.
• Investors reacted negatively to the news, causing a sharp decline in AAP's stock price as they reassess the company's future growth prospects in the competitive automotive retail industry.

14.10.2024 - AAP Stock was up 8.0%

• AAP saw a strong bullish movement even after announcing a third-quarter adjusted loss per share and falling short of revenue expectations.
• The positive market response to AAP's new strategy and outlook suggests a high level of confidence in the company's future prospects.
• Investors seem to be eyeing AAP's potential turnaround post the recent disappointing quarterly results, anticipating enhancements in the company's financial performance.
• The bullish movement may also stem from analysts' optimism about the upcoming positive quarterly earnings, indicating a possible recovery from previous setbacks.