Advance Auto Parts, Inc. (NYSE:AAP) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $87.08 – $114.48 in the past one-month time frame, witnessed a sharp increase yesterday.
The stock moved higher, regaining some of the ground that it lost in Tuesday’s market session when it reported lower-than-expected second-quarter 2017 results.
The company has seen eight negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Advance Auto Parts currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Advance Auto Parts Inc Price and Consensus
A better-ranked stock in the Automotive - Retail and Wholesale – Parts industry is CarMax Inc. (NYSE:KMX) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is AAP going up? Or down? Predict to see what others think: Up or Down
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CarMax Inc (KMX): Free Stock Analysis Report
Advance Auto Parts Inc (AAP): Free Stock Analysis Report
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