Professional
Added to YB: 2024-05-07
Pitch date: 2024-05-01
AAP [bullish]
Advance Auto Parts, Inc.
-25.47%
current return
Author Info
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Company Info
Advance Auto Parts, Inc. provides automotive aftermarket parts. The company offers batteries and battery accessories; belts and hoses; brakes and brake pads; chassis parts; climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.
Market Cap
$3.0B
Pitch Price
$71.11
Price Target
N/A
Dividend
1.99%
EV/EBITDA
4.96
P/E
44.54
EV/Sales
0.65
Sector
Specialty Retail
Category
turnaround
Third Point New Portfolio Holding: Advance Auto Parts, Inc.
AAP: New CEO & 3 industry vet directors to turn around lagging auto parts retailer. Closing gap vs peers like ORLY possible w/ right parts availability & supply chain fixes. Upcoming Worldpac sale to strategic/financial buyers unlocks value, reduces debt, funds transformation. Post-sale, RemainCo valued <$2M/store vs ORLY/AZO ~$10M/store. Minor improvements drive considerable upside.
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