Advance Auto Parts Reports First Quarter 2023 Results
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Go back to Advance Auto Parts Reports First Quarter 2023 Results
May 31, 2023 5:23 PM EDT
DA Davidson analyst Michael Baker lowered the price target on Advance Auto Parts (NYSE: AAP) to $74.00 (from $142.00) while maintaining a Neutral rating.
The analyst comments "The key discussion points on AAPs call was the their evolving pricing strategy in the commercial... More
May 31, 2023 7:58 AM EDT
O'Reilly (NASDAQ: ORLY), AutoZone (NYSE: AZO) Trade Lower in Sympathy with Advance Auto Parts (NYSE: AAP)
AZO -26% "We expect the competitive dynamics we faced in the first quarter to continue, resulting in a shortfall to our 2023 expectations."ORLY -5%AAP -5%...
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May 31, 2023 6:32 AM EDT
Advance Auto Parts (NYSE: AAP) reported Q1 EPS of $0.72, $1.84 worse than the analyst estimate of $2.56. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.43 billion.
GUIDANCE:
Advance Auto Parts sees FY2023 EPS of $6.00-$6.50, versus the... More
