• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Advance Auto Parts investors: Please contact the Portnoy Law Firm to recover your losses; December 8, 2023 deadline

    12/8/23 4:41:39 PM ET
    $AAP
    Auto & Home Supply Stores
    Consumer Discretionary
    Get the next $AAP alert in real time by email

    Investors can contact the law firm at no cost to learn more about recovering their losses

    ​LOS ANGELES, Dec. 08, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Advance Auto Parts, Inc. (NYSE:AAP) investors that a lawsuit filed on behalf of investors that purchased AAP securities between Nov. 16, 2022 and May 30, 2023, inclusive (the "Class Period").

    Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

    The complaint alleges that Advance Auto Parts and its defendants made false and misleading statements, failing to disclose several critical issues. These include misrepresenting the effectiveness of their strategic pricing initiative and the impact of price reductions, concealing the negative consequences of this initiative, providing an overly optimistic view of the company's operations, and creating a false impression that inflation and macroeconomic factors had minimal effects on their margins.

    The truth emerged on May 31, 2023, when the company reported disappointing Q1 2023 financial results. Despite previous guidance for improved operating margins in 2023, it was revealed that the company's operating margin had plummeted to 2.6% in Q1, compared to 6% in the previous year. This decline was attributed to the strategic pricing program.

    Furthermore, Advance Auto Parts provided a bleak outlook, particularly regarding their anticipated earnings per share (EPS). Initially, they expected a full-year EPS of $10.20 to $11.20, but due to reduced sales and strained margins, they revised it to only $6.00 to $6.50.

    As profits dwindled, the company also slashed its quarterly dividend by 83%, reducing it from $1.50 to $0.25.

    In response to this news, Advance Auto Parts' stock plummeted by $39.31 per share, representing a staggering 35% decline in a single trading day.

    Please visit our website to review more information and submit your transaction information.

    The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

    Lesley F. Portnoy, Esq.

    Admitted CA and NY Bar

    [email protected]

    310-692-8883

    www.portnoylaw.com

    Attorney Advertising



    Primary Logo

    Get the next $AAP alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $AAP

    DatePrice TargetRatingAnalyst
    6/24/2025$46.00Neutral → Sell
    Goldman
    6/3/2025$45.00Sell → Neutral
    Redburn Atlantic
    12/13/2024$45.00Market Perform
    BMO Capital Markets
    10/16/2024$40.00Neutral
    ROTH MKM
    10/15/2024$55.00Neutral → Outperform
    Wedbush
    3/19/2024$78.00Neutral
    Mizuho
    12/13/2023Mkt Perform
    William Blair
    11/16/2023$60.00 → $43.00Neutral → Underperform
    BofA Securities
    More analyst ratings

    $AAP
    SEC Filings

    See more
    • SEC Form 10-Q filed by Advance Auto Parts Inc.

      10-Q - ADVANCE AUTO PARTS INC (0001158449) (Filer)

      5/22/25 4:01:37 PM ET
      $AAP
      Auto & Home Supply Stores
      Consumer Discretionary
    • Advance Auto Parts Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - ADVANCE AUTO PARTS INC (0001158449) (Filer)

      5/22/25 6:34:07 AM ET
      $AAP
      Auto & Home Supply Stores
      Consumer Discretionary
    • Advance Auto Parts Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

      8-K - ADVANCE AUTO PARTS INC (0001158449) (Filer)

      5/19/25 4:02:39 PM ET
      $AAP
      Auto & Home Supply Stores
      Consumer Discretionary

    $AAP
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Advance Auto Parts Reports First Quarter 2025 Results and Reaffirms Full Year Guidance

      Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced its financial results for the first quarter ended April 19, 2025. "The Advance team delivered better than expected sales and profitability in the first quarter and I want to thank them for their hard work and commitment to serving our customers. During the quarter, we also successfully completed our store footprint optimization within an accelerated timeframe, while continuing to make progress on our other strategic initiatives. This progress was evident in our Pro performance during the quarter, with 8 consecut

      5/22/25 6:30:00 AM ET
      $AAP
      Auto & Home Supply Stores
      Consumer Discretionary
    • Advance Auto Parts Announces Date for First Quarter 2025 Earnings Release and Conference Call

      Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, will report financial results for its first quarter ended April 19, 2025, before the market opens on Thursday, May 22, 2025. The company has scheduled a conference call and webcast to begin at 8:00 a.m. ET on Thursday, May 22, 2025. A live webcast will be available on the company's Investor Relations website (ir.AdvanceAutoParts.com). To join by phone, please pre-register online for dial-in and passcode information. Upon registering, participants will receive confirmation with call details and a registrant ID. A replay

      5/1/25 8:00:00 AM ET
      $AAP
      Auto & Home Supply Stores
      Consumer Discretionary
    • Advance Auto Parts Opening New Stores After Completing Strategic Optimization of U.S. Retail Footprint

      Leading automotive aftermarket parts provider also investing to improve customer experience, increase parts availability and speed of service with same-day delivery Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced today that it has completed the store closure phase of its transformation plan and is entering its next phase of returning to growth. Optimization of the retail footprint was key to Advance's broader transformation plan to reposition the company for long-term success. Now, more than 75% of the Company's stores are in markets where the company has t

      3/26/25 6:00:00 AM ET
      $AAP
      Auto & Home Supply Stores
      Consumer Discretionary

    $AAP
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SVP, U.S. Stores Hand Jason sold $45,995 worth of shares (948 units at $48.52), decreasing direct ownership by 9% to 9,876 units (SEC Form 4)

      4 - ADVANCE AUTO PARTS INC (0001158449) (Issuer)

      6/23/25 4:05:08 PM ET
      $AAP
      Auto & Home Supply Stores
      Consumer Discretionary
    • EVP, Chief HR Officer Soler Kristen L covered exercise/tax liability with 501 shares, decreasing direct ownership by 2% to 30,827 units (SEC Form 4)

      4 - ADVANCE AUTO PARTS INC (0001158449) (Issuer)

      6/16/25 4:26:14 PM ET
      $AAP
      Auto & Home Supply Stores
      Consumer Discretionary
    • SVP, U.S. Stores Hand Jason covered exercise/tax liability with 278 shares, decreasing direct ownership by 3% to 10,824 units (SEC Form 4)

      4 - ADVANCE AUTO PARTS INC (0001158449) (Issuer)

      6/16/25 4:24:23 PM ET
      $AAP
      Auto & Home Supply Stores
      Consumer Discretionary

    $AAP
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Advance Auto downgraded by Goldman with a new price target

      Goldman downgraded Advance Auto from Neutral to Sell and set a new price target of $46.00

      6/24/25 7:51:14 AM ET
      $AAP
      Auto & Home Supply Stores
      Consumer Discretionary
    • Advance Auto upgraded by Redburn Atlantic with a new price target

      Redburn Atlantic upgraded Advance Auto from Sell to Neutral and set a new price target of $45.00

      6/3/25 7:24:00 AM ET
      $AAP
      Auto & Home Supply Stores
      Consumer Discretionary
    • BMO Capital Markets initiated coverage on Advance Auto with a new price target

      BMO Capital Markets initiated coverage of Advance Auto with a rating of Market Perform and set a new price target of $45.00

      12/13/24 7:20:54 AM ET
      $AAP
      Auto & Home Supply Stores
      Consumer Discretionary

    $AAP
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • EVP, Chief Financial Officer Grimsland Ryan P bought $8,140 worth of shares (200 units at $40.70), increasing direct ownership by 0.36% to 56,499 units (SEC Form 4)

      4 - ADVANCE AUTO PARTS INC (0001158449) (Issuer)

      3/31/25 6:18:56 PM ET
      $AAP
      Auto & Home Supply Stores
      Consumer Discretionary
    • Director, President and CEO Okelly Shane M bought $55,185 worth of shares (1,500 units at $36.79), increasing direct ownership by 0.83% to 183,121 units (SEC Form 4)

      4 - ADVANCE AUTO PARTS INC (0001158449) (Issuer)

      3/12/25 4:05:04 PM ET
      $AAP
      Auto & Home Supply Stores
      Consumer Discretionary
    • Director Lee Eugene I Jr bought $499,956 worth of shares (14,640 units at $34.15) (SEC Form 4)

      4 - ADVANCE AUTO PARTS INC (0001158449) (Issuer)

      3/10/25 4:06:34 PM ET
      $AAP
      Auto & Home Supply Stores
      Consumer Discretionary