Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Advance Auto Parts (NYSE: AAP) is trading at unusually high volume Thursday with 3.3 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $4.07 (+5.6%) at $76.97 as of 12:54 p.m. ET.
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Advance Auto Parts has a market cap of $5.38 billion and is part of the services sector and retail industry. Shares are up 1.3% year to date as of the close of trading on Wednesday. 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 13.9, 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 expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Advance Auto Parts Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.