Advance Auto Parts Stock Hits New 52-Week High (AAP)

NEW YORK ( TheStreet) -- Advance Auto Parts (NYSE: AAP) hit a new 52-week high Wednesday as it is currently trading at $89.56, above its previous 52-week high of $89.50 with 87,407 shares traded as of 10:30 a.m. ET. Average volume has been 809,300 shares over the past 30 days.

Advance Auto Parts has a market cap of $5.45 billion and is part of the services sector and retail industry. Shares are up 27.1% year to date as of the close of trading on Tuesday.

Advance Auto Parts, Inc., together with 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 17.3, above the average retail industry P/E ratio of 15.7 and below the S&P 500 P/E ratio of 17.7.

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, solid stock price performance, 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.

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