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Added to YB: 2024-07-17

Pitch date: 2024-06-30

AAP [bullish]

Advance Auto Parts, Inc.

-25.89%

current return

Author Info

No bio for this author

Company Info

Advance Auto Parts, Inc. provides automotive aftermarket parts. The company offers batteries and battery accessories; belts and hoses; brakes and brake pads; chassis parts; climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.

Market Cap

$2.5B

Pitch Price

$59.26

Price Target

120.00 (+173%)

Dividend

2.40%

EV/EBITDA

4.04

P/E

23.26

EV/Sales

0.58

Sector

Specialty Retail

Category

turnaround

Show full summary:
Cove Street Capital New Position: Advance Auto Parts, Inc.

AAP: 3rd in auto parts retail. New mgmt, board & simple strategy could double stock. AZO & ORLY proved profitability; AAP struggled. Turnaround potential with limited downside risk. Key: execution of new plan.

Read full article (1 min)