Shares of Advance Auto Parts AAP moved higher by 5% in pre-market trading after the company reported Q2 results.
Quarterly Results
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.
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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