NEW YORK (

TheStreet

) --

Advance Auto Parts Inc

(NYSE:

AAP

) hit a new 52-week high Monday as it is currently trading at $59.65, above its previous 52-week high of $51.28 with 24,280 shares traded as of 9:40 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Advance Auto Parts has a market cap of $4.3 billion and is part of the

services

sector and

retail

industry. Shares are down 10.5% year to date as of the close of trading on Friday.

TheStreet Recommends

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 13.2, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

  • Practice your AAP trading strategies and win cash in our stock game.

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, increase in stock price during the past year, impressive record of earnings per share growth and increase in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Advance Auto Parts Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null