Monday, March 7, 2016

What's Going on With Advance Auto Parts?

Advance Auto Parts is arguably an attractive deep-value stock, but you rarely get deep value without flaws attached. In this case, the company's integration of General Parts International (owners of Carquest and worldpac), and catching up with the kinds of margins boasted by rivals like O'Reilly Automotive and AutoZone, Inc ), have disappointed so far.
In fact, while its peers are busy generating healthy same-store-sales growth, Advance Auto Parts has turned negative. What exactly is going wrong, and can it be fixed?


DATA SOURCE: ADVANCE AUTO PARTS, INC PRESENTATIONS.

READ THE FULL EQUITY RESEARCH ARTICLE LINKED