Advance Auto Parts said that it has launched an aggregate principal amount of $1.5 billion senior unsecured notes offering, with Citigroup analyst Steven Zaccone calling it a “wise decision.”
Companies that burn cash at a rapid pace can run into serious trouble if they fail to secure funding.
Without a clear path to profitability, these businesses risk dilution, mounting debt, or even bankruptcy.
As the Q1 earnings season wraps, let’s dig into this quarter’s best and worst performers in the auto parts retailer industry, including Genuine Parts (NYSE:GPC) and its peers.
Shares of auto parts and accessories retailer Advance Auto Parts (NYSE:AAP) fell 3% in the afternoon session after a broader market downturn as former President Trump announced potential 30% tariffs on goods from the European Union and Mexico.
A stock with low volatility can be reassuring, but it doesn’t always mean strong long-term performance.
Investors who prioritize stability may miss out on higher-reward opportunities elsewhere.
Shares of auto parts and accessories retailer Advance Auto Parts (NYSE:AAP) fell 8% in the afternoon session after analysts at Goldman Sachs downgraded the stock to "sell" from "neutral."
When Wall Street turns bearish on a stock, it’s worth paying attention.
These calls stand out because analysts rarely issue grim ratings on companies for fear their firms will lose out in other business lines such as M&A advisory.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at auto parts retailer stocks, starting with Monro (NASDAQ:MNRO).
These three stocks have received a rare double upgrade from analysts since their most recent earnings reports; fortunately investors still have time to catch up
