Advance Auto Parts Reports First Quarter 2023 Results
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Advance Auto Parts (AAP) PT Lowered to $74 at DA Davidson
May 31, 2023 5:23 PM EDTDA 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
O'Reilly (ORLY), AutoZone (AZO) Trade Lower in Sympathy with Advance Auto Parts (AAP)
May 31, 2023 7:58 AM EDTO'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%... MoreAdvance Auto Parts (AAP) Misses Q1 EPS by $1.84; Lowers Outlook
May 31, 2023 6:32 AM EDTAdvance 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
