AAP Stock Summary and Trading Ideas (Advance Auto Parts | NYSE:AAP)

Advance Auto Parts is one of the industry's largest retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers and third-party vehicle repair facilities in North America. Advance operated 4,972 stores as of the end of 2021, in addition to servicing 1,317 independently owned Carquest stores. The company's Worldpac chain is a premier distributor of imported original-equipment parts. Advance derived 58% of its 2021 sales from commercial clients, with the remainder from DIY shoppers.

Advance Auto Parts trades on the NYSE stock market under the symbol AAP.

As of February 3, 2023, AAP stock price declined to $152.17 with 490,529 million shares trading.

AAP has a beta of 1.12, meaning it tends to be more sensitive to market movements. AAP has a correlation of 0.32 to the broad based SPY ETF.

AAP has a market cap of $9.02 billion. This is considered a Mid Cap stock.

Last quarter Advance Auto Parts reported $3 billion in Revenue and $2.84 earnings per share. This beat revenue expectation by $1 million and missed earnings estimates by -$.50.

In the last 3 years, AAP stock traded as high as $244.55 and as low as $71.33.

The top ETF exchange traded funds that AAP belongs to (by Net Assets): VTI, VOO, VO, SPY, SPYD.

AAP has underperformed the market in the last year with a price return of -32.0% while the SPY ETF lost -6.3%. AAP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.6% and +3.2%, respectively, while the SPY returned +11.6% and +4.2%, respectively.

AAP support price is $152.44 and resistance is $158.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AAP stock will trade within this expected range on the day.