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

Advance Auto Parts is one of the industry's retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers and third-party vehicle repair facilities in North America. Advance operated 5,086 stores as of the end of 2022, in addition to servicing 1,311 independently owned Carquest stores. The company's Worldpac chain is a distributor of imported original equipment parts.

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

As of April 18, 2024, AAP stock price climbed to $77.20 with 2,010,385 million shares trading.

AAP has a beta of 0.97, meaning it tends to be less sensitive to market movements. AAP has a correlation of 0.03 to the broad based SPY ETF.

AAP has a market cap of $4.60 billion. This is considered a Mid Cap stock.

Last quarter Advance Auto Parts reported $2 billion in Revenue and -$.59 earnings per share. This beat revenue expectation by $5 million and missed earnings estimates by -$.82.

In the last 3 years, AAP stock traded as high as $244.55 and as low as $47.73.

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

AAP stock has underperformed the market in the last year with a return of -38.3%, while SPY returned +22.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AAP shares. However, AAP has outperformed the market in the last 3 month and 2 week periods, returning +24.6% and -2.3%, while SPY returned +5.2% and -2.6%, respectively. This indicates AAP has been having a stronger performance recently.

AAP support price is $72.00 and resistance is $76.10 (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.