Advance Auto Parts Inc W/I ($AAP) Stock Forecast: Up 5.2% Today

What is Advance Auto Parts Inc W/I?

AAP Stock Bullish Movement AAP (Advance Auto Parts) operates in the automotive aftermarket parts sector. The company revealed quarterly earnings per share of 75 cents, falling short of the expected $1.07.

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

AAP stock is up 5.2% on Sep 13, 2024 14:01

• 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.

AAP Price Chart

AAP News

Jim Cramer: 'Not The Time To Own Oil,' When Asked About Exxon Mobil; Says IBM Is 'Performing Well' - IBM ( NYSE:IBM )

On CNBC's "Mad Money Lightning Round," Jim Cramer was asked about Advance Auto Parts AAP. He said, "You're going to hold it… That company is not a great operator." On Aug. 22, the company reported quarterly earnings per share of 75 cents, missing the street view of $1.07.

https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well

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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.

19.06.2024 - AAP Stock was down 6.3%

• The data breach incident at Advance Auto Parts could have negatively impacted investor confidence, leading to a sell-off of AAP shares.
• Allegations of inflated electricity bills and political tensions between AAP and BJP may have created uncertainty in the market, contributing to the bearish trend in AAP's stock price.
• Investors might be concerned about potential legal repercussions and customer trust issues following the data breach, further driving the stock price down.
• The combination of cybersecurity risks and political controversies could have heightened market volatility, prompting traders to take a cautious approach towards AAP shares.

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.

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.

30.04.2024 - AAP Stock was up 5.3%

• The neutral rating on Advance Auto Parts stock may have contributed to the bullish movement as it indicates stability and potential for growth.
• Positive takeaways from the Q1 2024 earnings call likely boosted investor confidence in the company's performance.
• The upcoming Northeast Embodied Carbon Summit's focus on environmental sustainability could have positively impacted AAP's stock price, showing the company's commitment to responsible practices.
• The water crisis may not have a direct impact on AAP's stock movement, but it could highlight the importance of corporate social responsibility and environmental initiatives, which could be perceived positively by investors.

31.04.2024 - AAP Stock was up 5.0%

• AAP was upgraded from a sell rating to a hold rating, indicating a change in sentiment towards the stock.
• Despite messy Q1 results and material weakness in controls, investors responded positively to the stock's movement.
• The stock maintained a Sector Perform rating by RBC Capital and a neutral rating, potentially influencing the market's optimism.
• Market enthusiasm towards AAP might be stemming from anticipated improvements or strategic shifts within the company not fully reflected in recent news.

31.04.2024 - AAP Stock was up 6.5%

• Despite reporting material weakness in controls, AAP stock retained a Sector Perform rating by RBC Capital and held a neutral rating, indicating confidence in the company's performance.
• The Q1 2024 Earnings Call Transcript highlights may have revealed positive key takeaways, leading to increased investor confidence and driving the bullish movement in AAP stock.
• The upcoming Northeast Embodied Carbon Summit announcement may have also positively influenced investor sentiment towards AAP, showcasing the company's commitment to sustainability and innovation.

11.06.2024 - AAP Stock was up 5.2%

• AAP is a political party in India known for its anti-corruption stance and focus on governance reforms.
• The stock of AAP likely experienced a bullish movement due to recent legal developments involving the complaint filed by the Enforcement Directorate against CM Kejriwal and AAP.
• Investors may view this legal situation as a sign of transparency and accountability within the party, potentially increasing confidence in AAP's governance practices.
• Market indicators suggest optimism among traders about the party's capacity to tackle legal obstacles, sparking greater interest and investment in AAP stock.