Advance Auto Parts slips as soft full-year guide offsets Q2 beat Investing.com -- Advance Auto Parts (AAP) shares slipped around 1% in premarket trading as the company’s soft full-year profit guide offset the better-than-expected Q2 results. The automotive aftermarket parts provider posted second-quarter earnings per share of $0.69, beating the analyst consensus of $0.53 Revenue was $2 billion, down from $2.2 billion in the year-ago quarter, and compared with expectations of $1.97 billion. Comparable store sales rose 0.1% in the quarter. "The Advance team delivered solid second-quarter results, with both sales and operating margin at the upper end of our expectations," said Shane O’Kelly, president and CEO. "Our comparable sales performance was fueled by growth in the Pro business, and we are encouraged by the early signs of stabilization in our DIY business. For fiscal 2025, the company projects earnings between $1.20 and $2.20 per share, the midpoint of which is below the $1.85 consensus. Revenue is expected to be in the range of $8.52 billion to $8.6 billion, compared to the $8.52 billion consensus estimate. Comparable store sales are expected to grow between 0.5% and 1.5% for the year. With AAP making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed AAP alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including AAP, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is AAP poised for similar growth? Don't miss the opportunity to find out.

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Advance Auto Parts, Inc. (AAP): One of the Underperforming Stocks Targeted By Short Sellers - Yahoo Finance Advance Auto Parts, Inc. (AAP): One of the Underperforming Stocks Targeted By Short Sellers  Yahoo Finance

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Advance Auto Parts appoints Shweta Bhatia as CTO to lead digital transformation, aiming to enhance omnichannel experiences, data-driven personalization, and supply chain modernization in the competitive automotive aftermarket industry.Advance #AdvanceAutoParts
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