Advance Auto Parts에 대한 매도 수량은 투자자에게 Advance Auto Parts의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Advance Auto Parts (NYSE:AAP) 주식, 공매도 수량 보고

Advance Auto Parts

Advance Auto Parts is a leading auto parts retailer in North America with more than 4,000 store and branch locations. About 55% of the firm's sales are geared toward the professional channel, with the remaining 45% going to the do-it-yourself market. Through its vast store footprint and distribution network, Advance manages thousands of stock-keeping units conducive to various vehicle makes and models. The retailer primarily competes on the basis of inventory availability and service speed, making the operating efficiency of its hub and spoke distribution model critical to meeting customer needs.

Technicals

Trading Ideas

어드밴스 오토 파츠(NYSE:AAP)의 주가 움직임으로 인해 일부 투자자들과 트레이더들이 혼란스러워졌다. 이 회사는 목요일에 3분기 실적을 발표했는데 예상치를 크게 하회했다.

오늘의 주식: 왜 어드밴스 오토 파츠가 분기 손실을 기록하고도 주가가 상승하고 있을까?

Earnings

News

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

어드밴스 오토 파츠(NYSE:AAP)는 11월 14일 목요일 개장 전 실적 발표를 할 예정이다.애널리스트들은 노스캐롤라이나 주 롤리 소재의 어드밴스 오토 파츠의 주당순이익은 54센트로 예상하며, 이는 전년의 82센트 주당순손실 대비 개선된 것이다.

곧 3분기 실적 발표할 어드밴스 오토 파츠: 최근 월가 애널리스트 투자의견 변동은?

AMAT

CYBR

수요일(13일) CNN 머니 공포·탐욕 지수는 전반적인 시장 심리가 소폭 개선된 반면, &#39;탐욕&#39; 영역에 머물렀다.수요일 미국 증시는 투자자들이 최근 인플레이션 데이터를 소화하면서 혼조세로 마감했다.

인플레이션 데이터 발표 후 미국 증시 혼조세: 투자심리 개선되었으나 공포 지수는 여전히 &#39;탐욕&#39; 영역

Advance Auto Parts Inc

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BMO Capital analyst Tristan Thomas-Martin initiates coverage on Advance Auto Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) with a Market Perform rating and announces Price Target of $45.

Initiation

BMO Capital Initiates Coverage On Advance Auto Parts with Market Perform Rating, Announces Price Target of $45

WIIM

ADNT

PRTS

Shares of auto supplier stocks are trading lower. Weakness may be in reaction to worse-than-expected November PPI data, which could cloud rate cut outlook.

ARHS

BARK

BOOT

FIVE

LESL

REAL

ROST

RVLV

SNBR

ULTA

Shares of retail companies are trading higher possibly amid overall market strength. The sector may be gaining as investors evaluate the impact of Black Friday sales.

Evercore ISI Group analyst Greg Melich maintains Advance Auto Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) with a In-Line and lowers the price target from $60 to $45.

Evercore ISI Group Maintains In-Line on Advance Auto Parts, Lowers Price Target to $45

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$345.00</td>
<td>$28.3K</td>
<td>8.9K</td>
<td>39.2K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$205.00</td>
<td>$39.6K</td>
<td>14.8K</td>
<td>38.4K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.00</td>
<td>$118.0K</td>
<td>65.9K</td>
<td>10.6K</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$55.00</td>
<td>$28.8K</td>
<td>937</td>
<td>2.2K</td>
</tr>
<tr>
<td>EBAY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$62.50</td>
<td>$630.0K</td>
<td>97</td>
<td>901</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$125.00</td>
<td>$44.7K</td>
<td>2.6K</td>
<td>251</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$125.00</td>
<td>$29.9K</td>
<td>2.4K</td>
<td>170</td>
</tr>
<tr>
<td>AAP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$40.00</td>
<td>$29.4K</td>
<td>1.1K</td>
<td>158</td>
</tr>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$10.00</td>
<td>$31.2K</td>
<td>360</td>
<td>102</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$410.00</td>
<td>$27.4K</td>
<td>1.3K</td>
<td>88</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option trade that happens to be bullish, expiring in 3 day(s) on November 22, 2024. This event was a transfer of 30 contract(s) at a $345.00 strike. The total cost received by the writing party (or parties) was $28.3K, with a price of $945.0 per contract. There were 8930 open contracts at this strike prior to today, and today 39283 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on November 22, 2024. This event was a transfer of 200 contract(s) at a $205.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $39.6K, with a price of $198.0 per contract. There were 14833 open contracts at this strike prior to today, and today 38469 contract(s) were bought and sold. 
• For NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we notice a call option sweep that happens to be bullish, expiring in 59 day(s) on January 17, 2025. This event was a transfer of 5000 contract(s) at a $6.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $118.0K, with a price of $24.0 per contract. There were 65971 open contracts at this strike prior to today, and today 10629 contract(s) were bought and sold. 
• Regarding GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on November 22, 2024. Parties traded 545 contract(s) at a $55.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $28.8K, with a price of $53.0 per contract. There were 937 open contracts at this strike prior to today, and today 2276 contract(s) were bought and sold. 
• Regarding EBAY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), we observe a put option trade with bullish sentiment. It expires in 423 day(s) on January 16, 2026. Parties traded 900 contract(s) at a $62.50 strike. The total cost received by the writing party (or parties) was $630.0K, with a price of $700.0 per contract. There were 97 open contracts at this strike prior to today, and today 901 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option sweep with bearish sentiment. It expires in 213 day(s) on June 20, 2025. Parties traded 250 contract(s) at a $125.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $44.7K, with a price of $179.0 per contract. There were 2610 open contracts at this strike prior to today, and today 251 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a put option trade with bearish sentiment. It expires in 423 day(s) on January 16, 2026. Parties traded 3 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $29.9K, with a price of $9985.0 per contract. There were 2403 open contracts at this strike prior to today, and today 170 contract(s) were bought and sold. 
• Regarding AAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>), we observe a call option sweep with bearish sentiment. It expires in 122 day(s) on March 21, 2025. Parties traded 54 contract(s) at a $40.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $545.0 per contract. There were 1187 open contracts at this strike prior to today, and today 158 contract(s) were bought and sold. 
• For PTON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>), we notice a call option trade that happens to be bullish, expiring in 787 day(s) on January 15, 2027. This event was a transfer of 100 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $312.0 per contract. There were 360 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• Regarding HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we observe a call option sweep with bullish sentiment. It expires in 59 day(s) on January 17, 2025. Parties traded 21 contract(s) at a $410.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $1305.0 per contract. There were 1332 open contracts at this strike prior to today, and today 88 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

EBAY

PTON

SBUX

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Wedbush analyst Seth Basham reiterates Advance Auto Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) with a Outperform and maintains $55 price target.

Reiteration

Wedbush Reiterates Outperform on Advance Auto Parts, Maintains $55 Price Target

DA Davidson analyst Michael Baker maintains Advance Auto Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) with a Neutral and maintains $45 price target.

DA Davidson Maintains Neutral on Advance Auto Parts, Maintains $45 Price Target

Advanced Auto Parts shares are trading lower. Truist Securities cut its price target on the stock from $41 to $39.

RBC Capital analyst Steven Shemesh maintains Advance Auto Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) with a Sector Perform and raises the price target from $46 to $50.

RBC Capital Maintains Sector Perform on Advance Auto Parts, Raises Price Target to $50

Advance Auto Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) underwent analysis by 15 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">15</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">8</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $46.87, along with a high estimate of $67.00 and a low estimate of $38.00. A decline of 16.09% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1731686456_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The perception of Advance Auto Parts by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Lasser</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$44.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Scott Ciccarelli</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$39.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Kate McShane</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$43.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Steven Shemesh</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$46.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Scott Ciccarelli</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$41.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$67.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>Scott Stember</td>
<td>Roth MKM</td>
<td>Announces</td>
<td>Neutral</td>
<td>$40.00</td>
<td>-</td>
</tr>
<tr>
<td>Zachary Fadem</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$40.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>David Bellinger</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$38.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>David Bellinger</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$45.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Christopher Horvers</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$43.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Michael Lasser</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$56.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Scott Ciccarelli</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$46.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$60.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Max Rakhlenko</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$55.00</td>
<td>$65.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Advance Auto Parts. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Advance Auto Parts compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Advance Auto Parts's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Advance Auto Parts's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/AAP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Advance Auto Parts analyst ratings.</a>
<h2>Delving into Advance Auto Parts's Background</h2>
Advance Auto Parts is a leading auto parts retailer in North America with more than 5,000 store and branch locations. About 60% of the firm's sales are geared toward the professional channel, with the remaining 40% going to the do-it-yourself market. Through its vast store footprint and distribution network, Advance manages thousands of stock-keeping units conducive to various vehicle makes and models. The retailer primarily competes on the basis of inventory availability and service speed, making the operating efficiency of its hub and spoke distribution model critical to meeting customer needs.
<h3>Advance Auto Parts: A Financial Overview</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Advance Auto Parts's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -0.11%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 1.68%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Advance Auto Parts's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.73%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Advance Auto Parts's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.37%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Advance Auto Parts's debt-to-equity ratio is below the industry average. With a ratio of 1.52, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 15 Analyst Recommendations For Advance Auto Parts

UBS analyst Michael Lasser maintains Advance Auto Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) with a Neutral and raises the price target from $42 to $44.

UBS Maintains Neutral on Advance Auto Parts, Raises Price Target to $44

Truist Securities analyst Scott Ciccarelli maintains Advance Auto Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) with a Hold and lowers the price target from $41 to $39.

Truist Securities Maintains Hold on Advance Auto Parts, Lowers Price Target to $39

Goldman Sachs analyst Kate McShane maintains Advance Auto Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) with a Neutral and lowers the price target from $60 to $43.

Goldman Sachs Maintains Neutral on Advance Auto Parts, Lowers Price Target to $43

ASML

MSCI

Third Point 13F Shows Exited Position In International Flavors & Fragrances, Previously Holding 1,300,000 Shares; Advance Auto Parts, Previously Holding 1,500,100 Shares; ASML Holding, Previously Holding 80,000 Shares; MSCI, Previously Holding 150,000 Shares; Micron Technology Inc, Previously Holding 275,000 Shares

The action in Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) has some investors and traders confused. The company released its earnings report Thursday<a href="https://www.benzinga.com/news/earnings/24/11/41972250/advance-auto-parts-q3-earnings-miss-new-strategy-outlook-more"> and it was well short of estimates</a>.
But the shares are trading higher. This is why it is our Stock of the Day.
The company reported a loss of four cents per share. This was well below the Street's estimates of a profit of 49 cents. The revenue was also well short of estimates. It came in at $2.15 billion. Analysts were looking for $2.65 billion.
But sometimes the headlines don't tell the whole story.
Operating margin is an important metric studied by analysts. It is a measurement of how profitable a company is.
For example, if a company has an operating margin of 5%, after all costs and expenses, it makes five cents for every dollar of sales. If the margin is 7%, it makes seven cents on every dollar of sales, and so on.
If the operating margin is increasing, it means the company is becoming more efficient and profitable.
Advance Auto's management team predicts an operating margin of 2%-3% in 2025. But their guidance for 2027 is 7%. So, despite current losses, some investors are buying shares because they believe the company will turn things around and that the long-term picture is bullish.
Read Also: <a href="https://www.benzinga.com/24/11/41976312/hillenbrand-posts-better-than-expected-earnings-joins-beazer-homes-tapestry-walt-disney-and-other-big-stocks-moving-higher-on-thursday">Hillenbrand Posts Better-Than-Expected Earnings, Joins Beazer Homes, Tapestry, Walt Disney And Other Big Stocks Moving Higher On Thursday</a>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="522" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14130516/AdvanceAutoParts-1024x522.png" alt="" class="wp-image-648705" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14130516/AdvanceAutoParts-1024x522.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14130516/AdvanceAutoParts-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14130516/AdvanceAutoParts-768x392.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14130516/AdvanceAutoParts-1536x784.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14130516/AdvanceAutoParts.png 1582w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
As you can see on the chart, the stock may be breaking out.
Resistance is a large concentration of sell orders that are at, or close to, the same price. Uptrends tend to end and even reverse when they reach resistance.
This was the case with Advanced Auto in September.
If the price eventually moves above resistance, traders say it is a &#8220;breakout.&#8221; This isn't just symbolic. It illustrates an important supply and demand dynamic.
It shows the investors and traders who created the resistance are gone. They have either canceled or finished their orders. This means a large amount of supply has left the market.
This could set the stage for a move higher.
If new buyers enter the market, they will have a hard time finding someone to buy shares from. As a result, they will be forced to pay higher prices to get the interest of sellers. This could force the stock into an uptrend.
On Wall Street, the headlines may not tell the whole story and the initial reaction may be wrong. This could be the case with Advance Auto.
Read Next: • <a href="https://www.benzinga.com/news/earnings/24/11/41962884/us-stocks-settle-mixed-following-inflation-data-investor-sentiment-improves-but-fear-index-remains-in-greed-zone">U.S. Stocks Settle Mixed Following Inflation Data: Investor Sentiment Improves, But Fear Index Remains In &#8216;Greed&#8217; Zone</a>
Photo: Refina via Shutterstock

Stock Of The Day: Why Is Advance Auto Rallying On A Loss?

U.S. stocks were slightly lower, with the Dow Jones index falling around 0.1% on Thursday.
Shares of Hillenbrand, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) rose sharply in today's session following <a href="https://www.benzinga.com/quote/HI/earnings">upbeat quarterly results</a>.
Hillenbrand reported quarterly earnings of $1.01 per share which beat the analyst consensus estimate of 92 cents per share. The company reported quarterly sales of $837.60 million which beat the analyst consensus estimate of $792.98 million.
Hillenbrand shares surged 14.7% to $34.60 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>AC Immune SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIU#NASDAQ">ACIU</a>) gained 18% to $3.6844 after the company announced interim safety and immunogenicity data from the Phase 2 VacSYn clinical trial evaluating ACI-7104.056 for the treatment of patients with early Parkinson&#8217;s disease.</li>
<li>NextNav Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>) gained 16.8% to $15.85 after the company reported better-than-expected quarterly financial results.</li>
<li>DLocal Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLO#NASDAQ">DLO</a>) shares jumped 16.1% to $10.50 after the company reported better-than-expected third-quarter revenue results.</li>
<li>Oscar Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>) rose 14.6% to $15.44.</li>
<li>Taysha Gene Therapies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSHA#NASDAQ">TSHA</a>) gained 14.4% to $2.5300 following third-quarter results.</li>
<li>Beazer Homes USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) shares rose 13.9% to $36.41 after the company reported better-than-expected quarterly financial results.</li>
<li>Tapestry, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>) gained 11.2% to $57.00 after the company announced plans for an additional $2 billion share repurchase program.</li>
<li>Spire Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) rose 10.9% to $14.91. Spire Global agreed to sell its maritime business to Kpler for roughly $241 million.</li>
<li>Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) gained 9.2% to $93.69.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) climbed 9.1% to $27.28.</li>
<li>Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) gained 8.9% to $44.60 following third-quarter results.</li>
<li>The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) rose 8.8% to $111.75 following upbeat earnings.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) gained 6.3% to $7.38.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41971544/jim-cramer-recommends-microsoft-praises-american-water-works-for-being-consistent">Jim Cramer Recommends Microsoft, Praises American Water Works For Being &#8216;Consistent&#8217;</a></li>
</ul>

Intraday Update

Movers

ACIU

JBLU

OSCR

SPIR

TSHA

WYNN

Hillenbrand Posts Better-Than-Expected Earnings, Joins Beazer Homes, Tapestry, Walt Disney And Other Big Stocks Moving Higher On Thursday

Advance Auto Parts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) reported third-quarter adjusted loss per share of 4 cents, compared <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41966872/advance-auto-parts-reports-third-quarter-2024-results-and-completes-comprehensive-review-of-operat" rel="noreferrer noopener">with the street view for EPS of 49 cents</a>. Quarterly sales of $2.15 billion missed the analyst consensus of $2.65 billion. Comparable store sales decreased 2.3%.
On November 1, 2024, the company successfully completed the sale of Worldpac for total cash consideration of approximately $1.5 billion, subject to adjustments for working capital and other items.
The company&#8217;s gross profit increased 11.0% to $907.9 million. This represents 42.3% of net sales, compared to 36.9% in the third quarter of the prior year.
The improvement in leverage was mainly due to lapping the one-time inventory reserve adjustment from the previous year. Additionally, stabilizing product costs helped, though this was offset by strategic pricing investments.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/24/11/41962805/advance-auto-parts-gears-up-for-q3-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts" rel="noreferrer noopener">Advance Auto Parts Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
The company is implementing a strategic plan to improve business performance, focusing on core retail improvements. It has identified opportunities that could increase adjusted operating income margin by more than 500 basis points by fiscal 2027. The plan is built on three main areas: store operations, merchandising, and supply chain.
For store operations, the company will reduce its U.S. asset footprint by closing 523 Advance corporate stores, exiting 204 independent locations, and shutting down four distribution centers. It will also standardize the store operating model and improve labor productivity. Additionally, the company plans to accelerate new store openings.
In merchandising, the company aims to improve sourcing to lower first costs and bring products to market faster.
For the supply chain, the company plans to consolidate distribution centers and operate 13 large facilities by 2026. It will also open 60 market hub locations by mid-2027 and optimize transportation routes and freight to reduce costs and improve productivity.
The company exited the quarter with cash and equivalents worth $464.49 million.
Outlook: Advance Auto Parts expects FY24 net sales from continuing operations to be approximately $9 billion, with adjusted EPS from continuing operations ranging from $(0.60) to $0.00.
The company aims to achieve over 500 basis points of operating margin growth by fiscal 2027, <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">focusing on core retail improvements.</a>
Advance Auto Parts has provided preliminary guidance for FY25, expecting net sales of $8.40 billion to $8.60 billion and comparable sales growth of 0.50% to 1.50%.
Price Action: AAP shares are trading higher by 2.34% to $41.90 premarket at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41966815/us-futures-marginally-up-as-investors-process-inflation-data-ahead-of-jerome-powells-speech-on-economy-expert-says-fed-should-continue-recalibrating-to-neutral-on-softer-in" target="_blank" rel="noreferrer noopener">US Futures Marginally Up As Investors Process Inflation Data Ahead Of Jerome Powell&#8217;s Speech On Economy: Expert Says Fed Should &#8216;Continue Recalibrating To Neutral&#8217; On Softer Inflation</a></li>
</ul>

Equities

Guidance

General

Advance Auto Parts Q3: Earnings Miss, New Strategy, Outlook & More

U.S. stock futures were higher this morning, with the Dow futures gaining more than 50 points on Thursday.
Shares of Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) fell sharply in today's pre-market trading after the company <a href="https://www.benzinga.com/quote/AAP/earnings">reported downbeat quarterly results.</a>
Advance Auto Parts reported a quarterly loss of 4 cents per share, compared to market estimates of 49 cents per share. The company reported quarterly sales of $2.15 billion which missed the analyst consensus estimate of $2.65 billion.
Advance Auto Parts shares dipped 9.6% to $37.00 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Harrow, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HROW#NASDAQ">HROW</a>) declined 25.8% to $38.45 in pre-market trading after the company reported worse-than-expected third-quarter sales results.</li>
<li>Ibotta, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBTA#NYSE">IBTA</a>) shares fell 22.9% to $57.75 in pre-market trading after the company reported quarterly results.</li>
<li>Taysha Gene Therapies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSHA#NASDAQ">TSHA</a>) fell 10.8% to $1.9700 in pre-market trading following third-quarter results.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) fell 10.1% to $18.27 in today's pre-market trading. Super Micro Computer shares fell 6% on Wednesday after the company announced it was unable to file its quarterly report for the period ending Sept. 30 in a timely manner.</li>
<li>Tetra Tech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>) fell 7% to $44.06 in pre-market trading after the company reported worse-than-expected fourth-quarter EPS results.</li>
<li>ZEEKR Intelligent Technology Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) fell 6.3% to $27.30 in pre-market trading following third-quarter results.</li>
<li>Mercurity Fintech Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFH#NASDAQ">MFH</a>) fell 5.9% to $5.13 in pre-market trading after jumping 61% on Wednesday.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41962884/us-stocks-settle-mixed-following-inflation-data-investor-sentiment-improves-but-fear-index-remains-in-greed-zone">US Stocks Settle Mixed Following Inflation Data: Investor Sentiment Improves, But Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

HROW

IBTA

SMCI

TTEK

Advance Auto Parts Posts Weak Results, Joins Harrow, Taysha Gene Therapies And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

This strategic plan is anchored on three pillars outlined below to put the company on the path to deliver consistent profitable growth.
<ul>
<li>Store operations
<ul>
<li>Reduction in U.S. asset footprint - closing 523 Advance corporate stores, exiting 204 independent locations, and closing four distribution centers.</li>
<li>Standardization of store operating model and improving labor productivity.</li>
<li>Acceleration in pace of new store openings.</li>
</ul>
</li>
<li>Merchandising excellence
<ul>
<li>Strategic sourcing to improve first costs and bring parts to market faster.</li>
<li>Assortment management to enhance availability of parts.</li>
<li>Pricing and promotions management to improve gross margin.</li>
</ul>
</li>
<li>Supply chain
<ul>
<li>Consolidation of distribution centers to operate 13 large facilities by 2026.</li>
<li>Opening of 60 market hub locations by mid-2027.</li>
<li>Optimization of transportation routes and freight to lower costs and improve productivity.</li>
</ul>
</li>
</ul>

Advance Auto Parts Says Identified Over 500-basis Points Of Operating Margin Expansion Opportunity Through FY27; Plans Reduction In US Asset Footprint

Advance Auto Parts Expects FY24 Net Sales From Continuing Operations Of Approx. $9B, Adjusted EPS From Continuing Operations Of $(0.60) - $0.00

Columbia Small Cap Value Fund II Q3 2024 Commentary

In this presentation I discussed "Turnaround Tom's Top Picks for 2025."  The problem with the presentation is it's like asking "which is your favorite child?"  There is no answer as you love them all equally.

"Top 2025 Picks" Stock Market (and Sentiment Results)…

BMO Capital initiated coverage of Advance Auto Parts (AAP) with a Market Perform rating and $45 price target The firm says Advance Auto is an "earl...

Advance Auto Parts initiated with a Market Perform at BMO Capital

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Advance Auto Parts ( ($AAP) ) just unveiled an announcement. Advance Auto Parts has appointed Michael Beland as Senior Vice President, Controller a...

Advance Auto Parts Appoints New Chief Accounting Officer

Advance Auto Parts (AAP) announced that it has appointed Michael Beland as senior vice president, controller and chief accounting officer, effectiv...

Advance Auto Parts appoints Michael Beland as chief accounting officer

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Advance Auto Parts (NYSE:<a href="https://investorplace.com/stock-quotes/aap-stock-quote/">AAP</a>) just reported results for the second quarter of 2024.<ul><li>Advance Auto Parts reported earnings per share of 75 cents. This was below the analyst estimate for EPS of 95 cents.</li><li>The company reported revenue of $2.68 billion.</li><li>This was 0.49% better than the analyst estimate for revenue of $2.67 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div>	
	The post <a href="https://investorplace.com/earning-results/2024/08/aap-stock-earnings-advance-auto-parts-for-q2-of-2024/">AAP Stock Earnings: Advance Auto Parts Misses EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

AAP Stock Earnings: Advance Auto Parts Misses EPS, Beats Revenue for Q2 2024

What you have to realize is that cars and trucks aren't simple creations anymore. They're vehicular computers that cost more and more money to make and maintain. Almost everything about them is digitized these days. This all adds up to big bucks.

This $457 Billion Industry Is Set To Grow A Lot In The Next Four Years

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Press Releases

Enough is Enough! Advance Auto Parts Survey Reveals More Americans will Hit the Road this Summer Due to Air Travel Stress, Safety Concerns

Advance Auto Parts Reports First Quarter 2024 Results

Advance Auto Parts Announces Merchandising Leadership Changes; Names Bruce Starnes Executive Vice President, Chief Merchant

Advance Auto Parts Announces Date for Second Quarter 2024 Earnings Release and Conference Call

Advance Auto Parts Announces Sale of Worldpac to Carlyle for $1.5 Billion

Advance Auto Parts Reports Second Quarter 2024 Results

Advance Auto Parts Announces Date for Third Quarter 2024 Earnings Release and Conference Call

Advance Auto Parts Announces Closing of Sale of Worldpac to Carlyle

Advance Auto Parts Reports Third Quarter 2024 Results and Completes Comprehensive Review of Operational Productivity

Advance Auto Parts Appoints Michael Beland as Chief Accounting Officer

Asbury Automotive Gr

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Autozi Internet Technology (Global) Ltd. - Class A Ordinary Shares

Autozi Internet Tech

AutoZone

Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares

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