Professional
Added to YB: 2024-05-07
Pitch date: 2024-05-01
AAP [bullish]
Advance Auto Parts, Inc.
-38.39%
current return
Author Info
No bio for this author
Company Info
Advance Auto Parts, Inc. engages in the provision of automotive aftermarket parts in the United States and internationally.
Market Cap
$2.8B
Pitch Price
$71.53
Price Target
N/A
Dividend
2.16%
EV/EBITDA
5.83
P/E
-4.85
EV/Sales
0.61
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.
Read full article (2 min)