NEW YORK (

TheStreet

) --

Advance Auto Parts

(NYSE:

AAP

) hit a new 52-week high Friday as it is currently trading at $54.41, above its previous 52-week high of $51.28 with 15,563 shares traded as of 9:36 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Advance Auto Parts has a market cap of $4.4 billion and is part of the

services

sector and

retail

industry. Shares are down 17.2% year to date as of the close of trading on Thursday.

Advance Auto Parts, Inc., through its subsidiaries, operates as a retailer of automotive aftermarket parts, accessories, batteries, and maintenance items. It operates in two segments, Advance Auto Parts (AAP) and Autopart International (AI). The company has a P/E ratio of 13.7, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Advance Auto Parts as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Advance Auto Parts Ratings Report

.

See all

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