Advance Auto Parts - Down for Maintenance (2024)

FAQs

How is Advance Auto Parts doing financially? ›

The company's gross profit decreased 2.2% to $1.4 billion. Gross profit margin of 42.0% decreased 82 basis points compared with the first quarter of the prior year. This was primarily driven by increased costs that were not fully covered by pricing actions. These were partially offset by supply chain productivity.

The company predicts fiscal 2024 EPS in the range of $3.75 to $4.25, exceeding forecasts. However, its guidance for revenue of $11.3 billion to $11.4 billion was less than anticipated. Advance Auto Parts became the second firm in the sector in as many days to please investors.

We offer a variety of free services at our stores. Stop by your local store for free engine code scanning on most OBD II vehicles! We cannot guarantee the problem can be resolved during the visit, but we are happy to refer you to one of our local professional technicians if a more comprehensive diagnosis is needed.

(877) 238-2623

Advance Auto Parts / Customer service

Many of its profitability problems started when it acquired Carquest in 2013, which essentially gave the company two supply chains, and that is inefficient. O'Kelly is consolidating it into one, which should yield better margins.

The lawsuit, filed in Roanoke's federal court in 2021, asserts that Advance officials failed to adequately review the investment portfolio of the company's 401(k) plan to ensure best performance, and subjected participants to unreasonably high fees.

AutoZone edges Advance Auto Parts as largest aftermarket retailer.

The company's fourth quarter Operating loss was $48.6 million, or (2.0)% of Net sales compared with the fourth quarter of the prior year Operating income of $119.3 million or 4.8% of Net sales.

However, Advance Auto Parts stock experienced a massive drop after reporting financial results for its fiscal first quarter of 2023. The company's revenue came up short of expectations, profitability plunged, and management lowered its guidance as well as substantially reduced its dividend.

Do you suspect you may have a bad starter or alternator but aren't sure? Advance Auto Parts can help. Just stop by your local store with the starter or alternator removed from the vehicle, and a store team member can use a bench tester to tell you in just a few minutes if your part has failed.

Will Advance auto change my alternator? ›

They can quickly install an alternator, and test and charge your battery while under the hood. Have you had to replace your alternator?

Most Common OBD-II Engine Trouble Codes to Look out For

Among them, "P0300" stands out as one of the most frequent, indicating a cylinder misfire. Other common codes include: P0128: Coolant thermostat (too low) P0171 and P0174: Engine running lean.

Raleigh, NC

Advance Auto Parts / Headquarters

In conclusion, while Autozone may offer price matching with Amazon at some locations, it's essential to verify the policy with your local store. By taking advantage of price matching opportunities, you can potentially save money on your auto parts purchases and ensure that you're getting the best deal possible.

Low Price Guarantee

O'Reilly Auto Parts strives to provide the lowest possible price to our customers; however, we are currently unable to price match online competitors. Our retail locations do have a low price guarantee and will match the price of most local competitors.

Advance Auto Parts Financial Overview

The company's EPS TTM is $0.692; its P/E ratio is 93.23; and it has a dividend yield of 1.55%. Advance Auto Parts is scheduled to report earnings on August 20, 2024, and the estimated EPS forecast is $1.05.

Advance Auto Parts is forecast to grow earnings and revenue by 30.1% and 1.3% per annum respectively. EPS is expected to grow by 30.7% per annum. Return on equity is forecast to be 8.4% in 3 years.