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Advance Auto Parts Inc - AAP STOCK NEWS

Welcome to our dedicated news page for Advance Auto Parts (Ticker: AAP), a resource for investors and traders seeking the latest updates and insights on Advance Auto Parts.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Advance Auto Parts's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Advance Auto Parts's position in the market.

News
Advance Auto Parts Appoints Three New Independent Directors
Rhea-AI Summary
Advance Auto Parts (AAP) appoints three new independent directors to the board in cooperation with Third Point LLC and Saddle Point Management L.P. to drive profitable growth and create long-term shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.58%
Tags
management
-
News
Advance Auto Parts Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Advance Auto Parts, Inc. reported financial results for Q4 and full year 2023, highlighting a decrease in net sales and gross profit. The company's operating income also declined, resulting in a diluted loss per share. The company aims to drive shareholder value through operational improvements and cost reductions in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.58%
Tags
earnings
-
News
Advance Auto Parts Announces Date for Its Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
Rhea-AI Summary
Advance Auto Parts, Inc. (AAP) will release its Q4 and full year 2023 results on February 28, 2024. The event can be accessed via webcast or phone. Registration is recommended in advance for call participation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
earnings
News
Advance Auto Parts Puts a Charge in American Motorists on National Battery Day With Free DieHard® Auto Batteries Giveaway and Complimentary Battery Testing Nationwide Feb. 18
Rhea-AI Summary
A recent survey highlights that 91% of motorists have faced dead battery issues, with 63% not considering it a serious problem. This data sheds light on the common occurrence of battery-related car troubles among drivers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
Tags
none
-
News
Advance Auto Parts Foundation Announces $1.75 Million In Gifts to Aid Military Veterans
Rhea-AI Summary
The Advance Auto Parts Foundation (AAPF) has announced gifts totaling $1.75 million to nonprofit organizations supporting women veterans, injured veterans, and veterans at risk for suicide. The gifts were made possible by donations from over 100 Advance Auto Parts supplier partners. This is the second year AAPF has made gifts to these organizations, totaling $3.75 million during that time. The gifts will support critical needs within the veteran community, including meaningful employment, appropriate housing, and mental health care. Hire Heroes USA, Building Homes for Heroes, and Stop Soldier Suicide are among the organizations receiving the gifts, with specific programs and initiatives being funded to provide support for veterans in need. The president of Advance Auto Parts Foundation, Elisabeth Eisleben, expressed pride in the partnership with suppliers to support the veteran community and emphasized the life-changing impact these gifts will have on deserving veterans across the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.9%
Tags
none
-
News
Advance Auto Parts Names Elizabeth Dreyer Chief Accounting Officer
Rhea-AI Summary
Advance Auto Parts, Inc. (NYSE: AAP) appoints Elizabeth Dreyer as senior vice president, controller, and chief accounting officer. Dreyer brings 30 years of accounting and finance experience to the role, having served in similar capacities at public companies like Amyris, Inc., Travel + Leisure Co., and Energizer Holdings. She will be responsible for enterprise-wide accounting operations, tax, external financial reporting, and compliance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
Tags
none
News
Advance Auto Parts Appoints Ryan Grimsland as Executive Vice President and Chief Financial Officer
Rhea-AI Summary
Advance Auto Parts, Inc. (NYSE: AAP) has appointed Ryan Grimsland as executive vice president and chief financial officer, effective November 27, 2023. The company also announced the elimination of the position of executive vice president, merchandising, marketing, and e-commerce, currently held by Jason McDonell. Mr. McDonell will depart from the company effective December 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.67%
Tags
management
-
News
Advance Auto Parts Reports Third Quarter 2023 Results and Provides Updates on Strategic and Operational Review
Rhea-AI Summary
Advance Auto Parts, Inc. (NYSE: AAP) reported a 2.9% increase in Q3 net sales to $2.7 billion, with a 1.2% growth in comparable store sales. The company is executing a new $150 million cost reduction program and initiating sales processes for Worldpac and Canadian business. Despite a decrease in gross profit and operating loss, the company's effective tax rate and diluted loss per share improved. The company has engaged Centerview Partners for the sale processes and declared a regular cash dividend of $0.25 per share. The full-year 2023 guidance has been adjusted due to non-recurring expenses and continued pressure from higher product costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.67%
Tags
earnings
-
News
Advance Auto Parts Announces Date for Its Third Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Advance Auto Parts to report Q3 2023 results on November 15, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.39%
Tags
earnings
News
Advance Auto Parts Names National Refrigerants 2023 Vendor Partner of the Year
Rhea-AI Summary
Advance Auto Parts presents Vendor of the Year Awards at annual Partner Summit
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.64%
Tags
none
Stock AAP logo
Advance Auto Parts Inc

NYSE:AAP

AAP Rankings

#1220 Ranked by Market Cap
#5211 Ranked by Stock Gains
#1711 Ranked by Dividends

AAP Stock Data

4.27B
55.45M
0.98%
102.75%
7.31%
Automotive Parts and Accessories Stores
Retail Trade
Link
US
Raleigh

About AAP

founded in roanoke, va in 1932, advance auto parts is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. our family of companies operate more than 5,100 stores across the united states, canada, puerto rico and the virgin islands under four brands, advance auto parts, carquest auto parts, worldpac and autopart international. when you join our team, you become one of more than 70,000 knowledgeable and experienced team members who are proud to provide outstanding service to our customers, communities and each other every day. at advance, we know our people make the biggest difference in our customers’ service experience. from opportunities in our stores to our rapidly growing business to professional installers to distribution centers and corporate store support, we have a career for you. with our nationwide presence, helpful advice and access to thousands of parts, advance is proud to keep advancing a world in motion for