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Shares of Advance Auto Parts (NYSE:AAP) moved higher by 5% in pre-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share rose 46.00% over the past year to $2.92, which beat the estimate of $1.98.
Revenue of $2,501,000,000 rose by 7.25% from the same period last year, which beat the estimate of $2,380,000,000.
Looking Ahead
Advance Auto Parts hasn't issued any earnings guidance for the time being.
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Revenue guidance hasn't been issued by the company for now.
Recent Stock Performance
52-week high: $171.43
Company's 52-week low was at $71.33
Price action over last quarter: Up 19.22%
Company Profile
Advance Auto Parts is one of the industry's largest retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in North America. Advance operated 5,037 stores as of the end of 2019, in addition to servicing 1,253 independently owned Carquest stores. The company's Worldpac unit is a premier distributor of imported original-equipment parts. Advance derived 60% of its 2019 sales from commercial clients, up from 30%-40% before the General Parts deal.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.