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

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.

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

As of January 14, 2025, AAP stock price declined to $44.38 with 507,002 million shares trading.

AAP has a beta of 0.59, meaning it tends to be less sensitive to market movements. AAP has a correlation of 0.02 to the broad based SPY ETF.

AAP has a market cap of $2.65 billion. This is considered a Mid Cap stock.

Last quarter Advance Auto Parts reported $2 billion in Revenue and -$.04 earnings per share. This fell short of revenue expectation by $-522 million and missed earnings estimates by -$.58.

In the last 3 years, AAP traded as high as $242.96 and as low as $35.59.

The top ETF exchange traded funds that AAP belongs to (by Net Assets): IJR, VTI, VB, VBR, VXF.

AAP has underperformed the market in the last year with a price return of -26.0% while the SPY ETF gained +23.3%. However, in the short term, AAP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +18.9% vs +0.5% return in SPY. But in the last 2 weeks, AAP shares have been beat by the market, returning -3.1% compared to an SPY return of -1.3%.

AAP support price is $43.46 and resistance is $46.24 (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 shares will trade within this expected range on the day.