Advance Auto Parts reported disappointing second-quarter earnings, missing analysts’ expectations and slashing its full-year outlook. The company also announced the sale of its Worldpac wholesale distribution business to The Carlyle Group for $1.5 billion. This news sent Advance Auto Parts shares plummeting by 17.5% on Thursday.
Advance Auto Parts (AAP) is set to release its second-quarter earnings on Thursday, August 22nd. Analysts predict a decline in earnings per share compared to last year, but expect revenue to remain stable. This article explores recent analyst ratings and price targets for AAP, providing insights for potential investors.
