InvestorsKeyhole Morning News Leader

Advance Auto Parts gaps higher following earnings

Advance Auto Parts, Inc. (AAP) is up 5.8% Tuesday morning following the company’s better than expected second-quarter earnings report. The auto parts retailer posted adjusted earnings of $1.97 per share on sales of $2.33 billion. Analysts had forecast earnings of $1.85 per share and revenue of $2.27 billion.

Advance Auto Parts, Inc. (AAP) is an auto parts retailer.

Square, Inc. (SQ) and HCA Healthcare, Inc. (HCA) top the list of other companies with positive news today, while Switch, Inc. (SWCH) and Cognizant Technology Solutions Corporation (CTSH) top the list of companies with negative news.

Already a member?

Login to see your Morning News Leader Trade Idea.

Not yet a member?

You can receive four timely bull-put credit spreads each market day by joining our InvestorsKeyhole Daily Trade Alerts Service. Our analysts scour the news looking for unusual options activity, how insiders are trading, and breaking news, and publish trades accordingly.

Become A Member

About Advance Auto Parts Inc W/I

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 5,109 stores as of the end of 2018, in addition to servicing 1,231 independently owned Carquest stores. The company's Worldpac unit is a premier distributor of imported original-equipment parts. Advance derived 58% of its 2018 sales from commercial clients, up from 30%-40% before the General Parts deal.

Download this step-by-step guide on placing InvestorsKeyhole Daily Trade Alerts.

How to place a credit spread

How to place a vertical debit spread


You May Also Like