Advance Auto Parts Reaches New 52-Week High (AAP)

NEW YORK ( TheStreet) -- Advance Auto Parts (NYSE: AAP) hit a new 52-week high Friday as it is currently trading at $92.96, above its previous 52-week high of $92.60 with 288,694 shares traded as of 11:35 a.m. ET. Average volume has been one million shares over the past 30 days.

Advance Auto Parts has a market cap of $6.57 billion and is part of the services sector and retail industry. Shares are up 28.7% year to date as of the close of trading on Thursday.

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 17.5, equal to the average retail industry P/E ratio 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, reasonable valuation levels, solid stock price performance and impressive record of earnings per share growth. 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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