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Added to YB: 2024-11-11

Pitch date: 2024-11-01

AAP [bullish]

Advance Auto Parts, Inc.

+58.44%

current return

Author Info

No bio for this author

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

$3.4B

Pitch Price

$35.33

Price Target

N/A

Dividend

1.76%

EV/EBITDA

5.30

P/E

50.21

EV/Sales

0.69

Sector

Specialty Retail

Category

turnaround

Show full summary:
FPA Queens Road Small Cap Value Fund New Position: VusionGroup

AAP: New CEO O'Kelly leading turnaround of auto parts retailer. Lagging ORLY/AZO, but strong board additions. WorldPac sale for $1.5B improves balance sheet. Near-zero margins, but cheap at 30% of sales if can reach high single-digit margins. 1% position, 2+ year timeline. Risks: turnaround execution.

Read full article (2 min)