Added to YB: 2024-09-09
Pitch date: 2024-09-06
AAP [bullish]
Advance Auto Parts, Inc.
+20.11%
current return
Author Info
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Company Info
Advance Auto Parts, Inc. engages in the provision of automotive aftermarket parts in the United States and internationally.
Market Cap
$3.3B
Pitch Price
$38.61
Price Target
100.00 (+116%)
Dividend
1.83%
EV/EBITDA
5.96
P/E
-5.47
EV/Sales
0.65
Sector
Specialty Retail
Category
turnaround
Revving up for Advance Auto Parts
AAP: New CEO O'Kelly targeting turnaround via Worldpac sale ($1.2B), Carquest divestment, inventory system optimization. $100M FCF (1% margin) guided for 2024; potential 5-6% FCF margin = $500-600M. At 10x FCF, $80-100/share PT (vs $40 current). Activists involved. Risks: execution, competition from AZO/ORLY. 18-month timeframe.
Read full article (3 min)