Advance Auto Parts (AAP) Misses Q1 EPS by $1.84; Lowers Outlook

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Go back to Advance Auto Parts (AAP) Misses Q1 EPS by $1.84; Lowers Outlook

Advance Auto Parts (AAP) PT Lowered to $74 at DA Davidson

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

O'Reilly (ORLY), AutoZone (AZO) Trade Lower in Sympathy with Advance Auto Parts (AAP)

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%... More