Added to YB: 2024-11-11
Pitch date: 2024-11-01
AAP [bullish]
Advance Auto Parts, Inc.
+30.47%
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
$35.54
Price Target
N/A
Dividend
1.83%
EV/EBITDA
5.96
P/E
-5.47
EV/Sales
0.65
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)