Advance Auto Parts (AAP) Misses Q1 EPS by 58c, Miss on Revenues

Advance Auto Parts (AAP) PT Lowered to $160 at Morgan Stanley on 1Q Miss; 'Timing of Margin Improvement is Prolonged'

May 25, 2017 12:10 PM EDT

Morgan Stanley lowered its price target on Advance Auto Parts (NYSE: AAP) to $160.00 (from $185.00) while maintaining a Overweight rating, following the company's first quarter earnings report.

Analyst Simeon Gutman notes the company delivered first quarter earnings per share and revenue performance below consensus... More

Advance Auto Parts (AAP) PT Lowered to $160 at Wedbush Following 1Q

May 25, 2017 9:35 AM EDT

Wedbush lowered its price target on Advance Auto Parts (NYSE: AAP) to $160.00 (from $185.00) while maintaining a Outperform rating. AAPs 1Q results were below expectations, but outside of a sales soft patch in February and March, were in line with the companys internal plan.... More

Advance Auto Parts (AAP) PT Lowered to $164 at Deutsche Bank; Reiterates Buy

May 25, 2017 8:56 AM EDT

Deutsche Bank lowered its price target on Advance Auto Parts (NYSE: AAP) to $164.00 (from $192.00) while maintaining a Buy rating.... More

Advance Auto Parts (AAP) PT Lowered to $170 at UBS

May 25, 2017 8:06 AM EDT

UBS lowered its price target on Advance Auto Parts (NYSE: AAP) to $170.00 (from $180.00) while maintaining a Buy rating. The company's -2.7% comp decline wasn't as bad as the market had feared, and was impacted by expected macro challenges and some pull forward from... More

Advance Auto Parts (AAP) PT Lowered to $153 at RBC Capital; 'Comps/Investments Pressure 1Q'

May 25, 2017 7:50 AM EDT

RBC Capital lowered its price target on Advance Auto Parts (NYSE: AAP) to $153.00 (from $168.00) while maintaining a Outperform rating, as the company reported first quarter earnings report.

Analyst Scot Ciccarelli notes the company delivered first quarter earnings per share and revenues below the Street's... More

Advance Auto Parts (AAP) PO Lowered to $150 at BofA/Merrill Lynch; '1Q EPS Misses on Comps & Significant Margin Declines'

May 25, 2017 6:38 AM EDT

BofA/Merrill Lynch lowered its price objective on Advance Auto Parts (NYSE: AAP) to $150.00 (from $160.00) while maintaining a Neutral rating, following the company's first quarter earnings report.

Analyst Denise Chal notes the company delivered first quarter earnings per share and revenues below consensus... More

Advanced Auto Parts (AAP) volatility increases into Q1 and weak AutoZone (AZO) results

May 23, 2017 11:18 AM EDT

Advance Auto Parts (NYSE: AAP) June call option implied volatility is at 39, August is at 30; compared to its 52-week range of 19 to 44 into the expected release of Q1 results on May 24.

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Pre-Open Movers 05/23: (ETRM) (SONS) (VG) Higher; (TTWO) (AZO) (AAP) Lower (more...)

May 23, 2017 9:31 AM EDT

Today's Pre-Open Movers

EnteroMedics Inc. (NASDAQ: ETRM) 26.6% HIGHER; announced today that it has acquired the Gastric Vest System through its acquisition of BarioSurg, Inc.

Sonus Networks, Inc. (Nasdaq:... More

Advance Auto Parts (AAP) into Q1 and weak AutoZone results

May 23, 2017 9:15 AM EDT

Advance Auto Parts (NYSE: AAP) 30 day option implied volatility is at 36, compared to its 52-week range of 19 to 44 into the expected release of Q1 results on May 24 and weak AutoZone results.

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AutoZone (AZO) Peers on Watch Following Q3 Miss

May 23, 2017 8:32 AM EDT

AutoZone (NYSE: AZO) peers were in focus after it reported Q3 results that missed consensus.

Related names include O'Reilly Automotive (NASDAQ: ORLY), Advance Auto Parts (NYSE: AAP), Genuine Parts (NYSE: GPC), and Monro Muffler (NASDAQ: MNRO).

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Wall Street rises on investor relief after Trump budget

May 23, 2017 7:43 AM EDT

By Sinead Carew

(Reuters) - Wall Street ended higher on Tuesday after the release of President Donald Trump's budget plan but gains were tempered by declines in consumer discretionary stocks amid weakness in auto-parts companies.

While Tuesday's economic data was weak, investors were relieved Trump's first full budget plan was largely as expected, even if it is not expected to be approved in Congress.

"There were no large surprises. The market is pleased with that," said Wade Balliet, Chief Investment Strategist at Bank of the West.

Trump's budget called for a hike in infrastructure and... More