O'Reilly Automotive Inc. (ORLY - Get Report) , Advanced Auto Parts Inc. (AAP - Get Report) and AutoZone Inc. (AZO) aren't the only stocks getting hammered on Wednesday. Investors can throw Diebold Nixdorf Inc.  (DBD - Get Report)  into the mix as well.

Shares are down 23% after management reduced its full-year outlook, TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said on CNBC's "Stop Trading" segment.

Diebold now sees full-year non-GAAP earnings per share of 95 cents to $1.15, down notably from its previous outlook of $1.40 to $1.70 per share. Analysts were expecting full-year earnings of about $1.59 a share.

Management also expects sales to come in between $4.7 billion and $4.8 billion. Consensus estimates called for sales of $4.99 billion. The orders just aren't coming in as strong as they had expected, he said. 

In November 2015, Diebold offered $1.8 billion for Wincor Nixdorf. Recently, the merger seemed to be working out well, as shares rallied more than 10% from early November into March. But now many investors seem to be questioning it, Cramer noted. While the company's new guidance is "haunting and disappointing," investors shouldn't just "throw the stock away," he said.

Recognize that there is some value in Diebold Nixdorf, he reasoned, although Cramer did not go as far as to call the stock a buy.

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At the time of publication, Jim Cramer's Action Alerts PLUS had no position in any companies mentioned.