Recap: Advance Auto Parts Q3 Earnings

Shares of Advance Auto Parts AAP decreased 0.0% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 33.81% year over year to $2.81, which beat the estimate of $2.66.

Revenue of $2,542,000,000 rose by 9.95% year over year, which beat the estimate of $2,480,000,000.

Outlook

Advance Auto Parts hasn't issued any earnings guidance for the time being.

Advance Auto Parts hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Nov 10, 2020

Time: 08:00 AM

ET Webcast URL: https://ir.advanceautoparts.com/investors/news-and-events/events-and-presentations/default.aspx

Technicals

Company's 52-week high was at $171.43

52-week low: $71.33

Price action over last quarter: down 2.52%

Company Overview

Advance Auto Parts is one of the industry's largest retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in North America. Advance operated 5,037 stores as of the end of 2019, in addition to servicing 1,253 independently owned Carquest stores. The company's Worldpac unit is a premier distributor of imported original-equipment parts. Advance derived 60% of its 2019 sales from commercial clients, up from 30%-40% before the General Parts deal.