Advance Auto Parts IncAAP
▼ NegativeCapitalrelevance
Quarterly earnings missed expectations, causing stock to plummet.
Impact on stocks 2
Consumer Discretionary
Advance Auto Parts Inc
O’Reilly Automotive IncORLY
Mentioned
Advance Auto Parts stock is nosediving after the company's quarterly earnings missed analysts' expectations. D.A. Davidson managing director and senior research analyst Michael Baker said the company has been a perpetual turnaround story through many different management teams and years, trying to close the margin gap with O'Reilly. He noted the stock had been up about 45% year to date before giving back a lot of those gains, and that this quarter's big miss is a significant step back. Baker said investors are questioning whether this is the same old Advance Auto Parts turnaround story that never works, though he added that might be a little harsh given the nice progress made and that it is just one quarter.
Advance Auto Parts IncQuarterly earnings missed expectations, causing stock to plummet.
O’Reilly Automotive Inc