Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Advance Auto Parts

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: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Advance Auto Parts reports Q4 growth, focuses on strategic initiatives

Advance Auto Parts showed improvement in Q4 2022, focusing on driving long-term shareholder value and enhancing parts availability. Strategic initiatives and investments in inventory, brand building, and digital capabilities are key for future growth. Challenges include inflation, availability issues, and addressing Pro business underperformance.

Advance Auto Parts reports mixed Q1 performance, focuses on margins

Advance Auto Parts (AAP) reported a mixed performance in Q1 2023, with net sales increasing but facing challenges in gross margin and operating margin.
The company is addressing challenges in the Pro channel, focusing on operational improvements and margin expansion initiatives for the rest of the year.
Despite headwinds in the competitive environment and supply chain, Advance Auto Parts is leveraging strengths in category management and private label brands.
Opportunities lie in improving availability, pricing, and sales execution to drive performance, with a strategic focus on long-term growth and profitability.

Advance Auto Parts reports strong Q2 results and strategic leadership change

Advance Auto Parts delivered strong Q2 results, focusing on operational improvements and pricing strategies to drive shareholder value and sustainable growth.
Challenges in gross margin and SG&A require pricing corrections and cost management strategies, while opportunities lie in pricing improvements and strategic reviews.
The appointment of Shane O'Kelly as CEO signals a strategic leadership change aimed at leveraging industry knowledge for future growth and operational enhancements.
Overall, Advance Auto Parts is well-positioned to capitalize on sales momentum, address margin challenges, and unlock opportunities through ongoing strategic initiatives.

Advance Auto Parts adjusts guidance, focuses on profitable growth

Advance Auto Parts (AAP) navigated Q3 with a focus on stabilizing the business, taking decisive actions, and adjusting full-year guidance to drive profitable growth amidst challenges in gross profit margin deleverage.
The company's strengths include proactive customer engagement, cost reduction initiatives, and positive cash flow generation, while challenges in gross margin decline and limited segmentation reporting require strategic addressing.
Opportunities for AAP include optimizing the do-it-for-me business, considering credit rating enhancements, and sustaining positive cash flow trends to enhance financial performance and operational efficiency.

Advance Auto Parts (AAP) addresses challenges with strategic actions

Advance Auto Parts (AAP) navigates through a challenging Q4 2023 with strategic actions to stabilize the business and drive long-term success. Despite mixed financial performance, the company is focused on leveraging industry strengths, investing in employees, and optimizing supply chains. Challenges in profitability and operational efficiency are being addressed, while opportunities in customer-centric strategies and supply chain consolidation are being pursued for growth.

Advance Auto Parts Q1 2024 Earnings: Decisive Actions Amid Performance Challenges

Advance Auto Parts Q1 2024 earnings call highlighted lower-than-expected performance, but with decisive cost-saving actions and successful sale processes. Challenges ahead include margin pressure and store closure decisions based on asset productivity. Opportunities exist in accelerating supply chain investments and enhancing customer service through market hub conversions.

Advance Auto Parts reports Q2 growth, focuses on operational efficiency

Advance Auto Parts (AAP) showcased resilience with positive sales growth and strategic initiatives to enhance profitability and operational efficiency.
While facing margin challenges and earnings impact, the company's focus on cost reduction and growth investments positions it for long-term success.
Revised guidance underscores a commitment to financial strength, growth, and operational excellence, signaling a proactive approach to market dynamics.

Advance Auto Parts aims for 7% margin, addresses challenges

Advance Auto Parts navigated challenges in Q3 2024 with a focus on strategic actions to enhance profitability and achieve a 7% adjusted operating margin by 2027.
Management's confidence in the turnaround plan, early wins in hub stores, and emphasis on cost-related actions highlight progress towards financial health.
Analysts' inquiries on protecting profitability and cash flow, store closing criteria, and cash deployment from Worldpac underscore areas of focus for the company.
Opportunities in driving margin improvement, managing downside risks, and deploying cash strategically position Advance Auto Parts for sustainable growth and financial resilience.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

This Advance Auto Parts Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday

This automotive parts retailer is attempting to jump-start its growth engine.

Is Advance Auto Parts Stock a Buy?

Advance Auto Parts (AAP, Financial) shares experienced a decline, closing 0.51% lower due to executive resignations that raised concerns about the company's managerial stability. This follows the resignation of Anthony Iskander, senior vice president of finance and treasurer, and Elizabeth Dreyer, chief accounting officer, as disclosed in a regulatory filing.

AAP Stock Reacts to Executive Resignations

Changes in the company's managerial structure raised concerns in the market.

Why Advance Auto Parts Stock Stalled on Friday

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The company's second-quarter earnings continue a decade of underperformance. Advance Auto Parts needs to improve its operational metrics to something close to its peers.

Here's Why Advance Auto Parts Crashed in August

Hold rating for Advance Auto Parts due to expected continued trading at a discount relative to peers. AAP's EBIT margin significantly lags behind competitors. Soft consumer spending and macroeconomic headwinds are expected to pressure near-term sales performance, particularly in the DIY segment.

Advance Auto Parts: Valuation To Trade At A Discount To Peers

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Back in March 2024 – at the very end of the first quarter (Q1) of 2024 – Advance Auto Parts (NYSE: AAP) appeared to be one of the best holdings in the portfolio of ‘ The Big Short ' investor Michael Burry.

Michael Burry saved this much by selling this disastrous stock

Despite Advance Auto (AAP) trading close to its 52-week low after Q2 earnings miss, we don't advise buying the stock on the dip amid numerous near-term headwinds.

Advance Auto (AAP) Falls 20% Post Weak Q2 Results: What's Next?

Advanced Auto Parts Inc. NYSE: AAP stock fell 3.8% on August 23, the day after the company reported significantly lower profits than analysts expected in the company's second quarter 2024 earnings report. However, that was after AAP stock plummeted nearly 20% in pre-market trading after the report dropped after the market closed on August 22.

Advanced Auto Parts Stock May be Cheap for a Reason

Bear of the Day: Advance Auto Parts (AAP)

JP Morgan analyst Christopher Horvers reiterated the Neutral rating on Advance Auto Parts Inc. AAP, lowering the price forecast to $43 from $55.

Advance Auto Parts Faces Profitability Pressure Despite Turnaround Efforts, Says JP Morgan Analyst

Advance Auto (AAP) reports Q2 results and expects 2024 net sales in the band of $11.15-$11.25 billion, down from the prior estimate of $11.30-$11.40 billion.

Advance Auto (AAP) Q2 Earnings Miss Estimates, Guidance Trimmed

Advance Auto Parts Inc. AAP reported weak second-quarter earnings and slashed FY24 outlook on Thursday.

Advance Auto Parts Analysts Slash Their Forecasts After Downbeat Earnings

Management is struggling with its pricing initiatives and slashed its full-year guidance. The turnaround strategy is not progressing as well as board members expected.

Why Advance Auto Parts Stock Reversed This Week

Advance Auto Parts (AAP) shares plunged after the company announced quarterly earnings that came in well short of expectations and cut its outlook for the full year. The earnings news upstaged the sale of its wholesale distribution business.

Why Advance Auto Parts Stock Plunged to Its Lowest Level of 2024

Advance Auto Parts reported soft earnings and cut full-year guidance significantly, raising concerns about the company's projected turnaround. The company's profit margins are continuing to trend in the wrong direction despite the focus on cost-cutting. The WorldPac sale helps improve the company's balance sheet but raises questions about long-term strategic direction.

Advance Auto Parts: Q2 Earnings Disappoint, Turnaround Isn't Gaining Traction

Advance Auto Parts has sold its wholesale operation Worldpac for $1.5 billion. The sale, to funds managed by the Carlyle Group, is expected to be finalized by the end of the year, Advance said in a Thursday (Aug. 22) news release.

Advance Auto Parts Sells Wholesale Arm for $1.5 Billion

Advance Auto Parts NYSE: AAP witnessed a dramatic plunge in its stock price, falling over 20% in pre-market trading after the company released its second-quarter 2024 earnings report. The disappointing results triggered a strong adverse reaction from investors, including a miss on earnings per share (EPS) expectations, lower-than-anticipated revenue, and a reduction in full-year guidance.

Advance Auto Parts Eyes Long-Term Growth Despite Q2 Hurdles

Advance Auto Parts, Inc. (NYSE:AAP ) Q2 2024 Earnings Conference Call August 22, 2024 8:00 AM ET Company Participants Lavesh Hemnani - Vice President, Investor Relations Shane O'Kelly - President and Chief Executive Officer Ryan Grimsland - Executive Vice President and Chief Financial Officer Conference Call Participants Greg Melich - Evercore ISI Simeon Gutman - Morgan Stanley Bret Jordan - Jefferies Scot Ciccarelli - Truist Michael Lasser - UBS Christian Carlino - JPMorgan Seth Sigman - Barclays Steven Zaccone - Citigroup Brian Nagel - Oppenheimer Seth Basham - Wedbush Securities Chris Bottiglieri - BNP Paribas Operator Welcome to the Advance Auto Parts Second Quarter 2024 Earnings Conference Call. Before we begin Lavesh Hemnani, Vice President, Investor Relations will make a brief statement concerning forward-looking statements that will be discussed on this call.

Advance Auto Parts, Inc. (AAP) Q2 2024 Earnings Call Transcript

Advance Auto Parts' profits fell 43% year over year in Q2, despite only a tiny drop in sales. Management will sell its Worldpac wholesale auto parts business, reducing future revenue more dramatically.

Why Advance Auto Parts Stock Just Crashed 16%

Advance Auto Parts (NYSE: AAP ) just reported results for the second quarter of 2024. Advance Auto Parts reported earnings per share of 75 cents.

News for Advance Auto Parts Stock (AAP)