Advance Auto Parts Inc. AAP was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid trading volume on speculations that the company is exploring a sale and has possibly been approached by a buyer. This reverses the recent downtrend for the company since Nov 27, as the stock is now down about 5%.
In the last 30 days, the company has seen one upward and one downward estimate revision but the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Advance Auto Parts currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is positive.
A better-ranked retail/wholesale auto parts stock is O'Reilly Automotive Inc. ORLY, which holds a Zacks Rank #2 (Buy).
Is AAP going up? Or down? Predict to see what others think: Up or Down
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