Today Advance Auto Parts (AAP) Hits New Lifetime High
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Advance Auto Parts as such a stock due to the following factors:
- AAP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $123.0 million.
- AAP has traded 16,340 shares today.
- AAP is trading at a new lifetime high.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in AAP with the Ticky from Trade-Ideas. See the FREE profile for AAP NOW at Trade-Ideas
More details on AAP:
Advance Auto Parts, Inc., through its subsidiaries, operates as a specialty retailer of automotive replacement parts, accessories, batteries, and maintenance items. The stock currently has a dividend yield of 0.1%. AAP has a PE ratio of 28. Currently there are 11 analysts that rate Advance Auto Parts a buy, no analysts rate it a sell, and 6 rate it a hold.
The average volume for Advance Auto Parts has been 986,500 shares per day over the past 30 days. Advance Auto Parts has a market cap of $14.2 billion and is part of the services sector and retail industry. The stock has a beta of 0.78 and a short float of 5.9% with 6.02 days to cover. Shares are up 24% year-to-date as of the close of trading on Thursday.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Analysis:
rates Advance Auto Parts as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Highlights from the ratings report include:
- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 36.16% over the past year, a rise that has exceeded that of the S&P 500 Index. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
- ADVANCE AUTO PARTS INC has improved earnings per share by 7.4% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ADVANCE AUTO PARTS INC increased its bottom line by earning $6.71 versus $5.33 in the prior year. This year, the market expects an improvement in earnings ($8.30 versus $6.71).
- The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Specialty Retail industry average. The net income increased by 7.5% when compared to the same quarter one year prior, going from $139.49 million to $150.00 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 8.9%. Since the same quarter one year prior, revenues slightly increased by 0.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
- 48.52% is the gross profit margin for ADVANCE AUTO PARTS INC which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 6.32% trails the industry average.
- You can view the full Advance Auto Parts Ratings Report.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.