-
Posted on February 16th, 2012 by admin
Advance Auto Parts 4th-qtr beats; shares up
News from Reuters:
Thu Feb 16, 2012 9:23am EST
Feb 16 (Reuters) – U.S. auto parts retail chain Advance Auto Parts Inc posted quarterly results above analysts’ expectations, helped by higher same-store sales and new store openings.
The company said it expects full-year profit of $ 5.55-$ 5.75 per share. Analysts on average were expecting $ 5.64 a share, according to Thomson Reuters I/B/E/S.
For the fourth quarter, net income was $ 66.4 million, or 90 cents a share, compared with $ 48.1 million, or 57 cents a share, a year ago.
Revenue rose about 5 percent to $ 1.33 billion, helped partly by a comparable store sales gain of 2.9 percent.
Analysts had expected earnings of 75 cents a share, before special items, on revenue of $ 1.32 billion.
Shares of the Roanoke, Virginia-based company were up 5 percent at $ 83.15 in trading before the bell. They closed at $ 79.40 on Wednesday on the New York Stock Exchange.
…………… continues on Reuters
>>> Read the full article
Indiana makes play for Canadian auto parts makers
News from Globe and Mail:
Redirect Notice
The previous page is sending you to
http://www.theglobeandmail.com/report-on-business/indiana-makes-play-for-canadian-auto-parts-makers/article2340016/?utm_medium=Feeds%3A%20RSS%2FAtom
.
If you do not want to visit that page, you can Globe and Mail
>>> Read the full article
-
Posted on February 14th, 2012 by admin
Advance Auto Parts Earnings Preview
News from DailyFinance:
Advance Auto Parts (NYS: AAP) beat estimates by $ 0.22 last quarter and investors are hoping it can beat them again. The company will unveil its latest earnings on Thursday, Feb. 16. Advance Auto Parts is a specialty retailer of automotive aftermarket parts, accessories, batteries, and maintenance items, mainly operating within the United States.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on Advance Auto Parts, with 11 of 18 analysts rating it hold. Analysts like Advance Auto Parts better than competitor Pep Boys overall. One out of five analysts rate Pep Boys a buy compared to seven of 18 for Advance Auto Parts. Analysts still rate the stock a hold, but they are a bit more wary about it compared to three months ago.
- Revenue Forecasts: On average, analysts…………… continues on DailyFinance
>>> Read the full article
Gunmen rob East St. Louis car parts store
News from Belleville News Democrat:
EAST ST. LOUIS — Two gunmen robbed an O’Reilly Auto Parts store at gunpoint shortly after 6 p.m. Monday and they ran away with a small amount of money.
No one was injured, Police Chief Michael Floore said.
Police were dispatched at 6:07 p.m. to the business, which is at 2614 State St.
Floore said an employee told officers that “one suspect was carrying a chrome .38-caliber revolver and the second man stood at the door to the store. He had a handgun and a scarf on his face.”
The gunman closest to the employee pointed his gun at the employee and demanded money. The employee gave him the $ 50 or $ 60 in the store cash register.
It was not immediately known whether there were any customers in the store at the time of the armed robbery.
Detectives will go at the store Tuesday to pull surveillance tape in hopes of identifying the suspects, Floore said.
Anyone with any information is urged to contact the East St. Louis Police Department at 482-6700 or CrimeStoppers at 1-866-371…………… continues on Belleville News Democrat
>>> Read the full article
-
Posted on January 26th, 2012 by admin
A Spotify playlist in honor of the Advance Auto Parts Monster Jam
News from NOLA.com:
Breaker one-nine, this is Rubber Duck, do you read me? Reading about the Advance Auto Parts Monster Jam monster truck event coming up this Saturday, January 28, got us thinking about the special place trucks have in American music.
Of course, these aren’t the same kind of trucks at all; Saturday will bring death-defying feats of mechanical acrobatics from custom-built monsters like Avenger and Grave Digger; the classic songs recorded by artists like Red Simpson, Ferlin Husky and Dave Dudley celebrate the more pedestrian 18-wheelers that keep America humming.
Still, when you start thinking “trucker music,” it’s hard to stop. Linked below, please enjoy our Spotify playlist of great American trucking music.
Rubber Duck, over and out.
“18 Wheels of Lo…………… continues on NOLA.com
>>> Read the full article
Shares of Advance Auto Parts Rise to a New 52-Week High
News from Financial News Network Online:
Shares of Advance Auto Parts (NYSE:AAP) traded at a new 52-week high today of $ 76.49. This new high was reached on below average trading volume as 326,000 shares traded hands, while the average 30-day volume is approximately 719,000 shares.
There is potential upside of 1.1% for shares of Advance Auto Parts based on a current price of $ 75.12 and an average consensus analyst price target of $ 75.93. The stock should find initial support at its 50-day moving average (MA) of $ 69.97 and further support at its 200-day MA of $ 62.99.
Advance Auto Parts share prices have moved between a 52-week high of $ 76.49 and a 52-week low of $ 49.50 and are now trading 52% above that low price at $ 75.12 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.
Advance Auto Parts, Inc. is a retailer of auto parts and accessories. The Company operates stores in various states, primarily located in the northeastern, southeastern, and midwestern regions of the United States, and in Puerto Rico and the Virgin Islands.
…………… continues on Financial News Network Online
>>> Read the full article
-
Posted on January 19th, 2012 by admin
Advance Auto Parts Closes $ 300 Million Senior Notes Offering
News from NASDAQ:
- Back to Headlines
- Print Version
- Stumble it
- Facebook
- NASDAQ
|
>>> Read the full article
Auto Plants at Capacity Buoying All Parts of US Economy
News from BusinessWeek:
January 19, 2012, 12:10 AM EST
- GM Vies to Compete With Toyota in Fast-Growing Indonesia: Cars
- Toyota’s Camry Under Siege With Unprecedented Competition: Cars
- Dodge Dart Gets New Life in Biggest Test for Fiat-Chrysler: Cars
- Cadillac Taming BMW 3-Series Becomes GM’s Detroit Battle Ground
- Fiat Sees U.S. Sales With 500-Like Wagon Modeled on Mini: Cars<…………… continues on BusinessWeek
>>> Read the full article
-
Posted on January 6th, 2012 by admin
OFFBEAT: Advance Auto Parts Monster Jam: Big trucks -
News from VERY big trucks … – Packet Online:
The Advance Parts Monster Jam will be roaring into the Sun National Bank Center in Trenton for three shows — Friday, Jan. 6, at 7:30 p.m. and Saturday, Jan. 7, at 2 p.m. and 7:30 p.m. Vroom, vroom …
For 30 years, fan favorite the Grave Digger has been dominating the monster truck circuit, performing stunts, feats and destruction as no other ever has.
The notorious monster truck will be one of six participants competing as the Advance Auto Parts Monster Jam roars into the Sun National Bank Center in Trenton for three shows — Friday, Jan. 6, at 7:30 p.m. and Saturday, Jan. 7, at 2 p.m. and 7:30 p.m.
”It’s going to be a lot of horse power, a lot of carnage and a lot of stuff getting destroyed,” says Randy Brown, driver of Grave Digger. “It’s a really good time for the whole family to come and unwind and enjoy several different aspects of motor sports.”
Joining Grave Digger will be five of the biggest performers on four wheels: New Jersey’s own Shockwave, Teenage Mutant Ninja Turtle, Advance Auto Parts Grinder, El Toro Loco and Aftershock.
</…………… continues on VERY big trucks … – Packet Online
>>> Read the full article
US Auto Parts Network appoints new CFO
News from Automotive Business Review:
ABR Staff Writer Published 05 January 2012
US Auto Parts Network, a provider of online automotive aftermarket parts and accessories, has appointed David Robson as chief financial officer effective immediately.
Robson will succeed Ted Sanders, who will be stepping down as chief financial officer and will remain as an internal consultant to the company to assist with the transition.
Robson has 20 years of experience in finance, accounting and operational experience, he has held senior positions with both public and private companies operating in the ecommerce and retail space.
Recently, he served as executive vice president and chief administrative officer at Mervyns, a department store chain that operated 175 stores in the western US.
Before joining Mervyns in 2007, he served as senior vice president of finance and principal accounting officer for Guitar Center, a retailer of music equipment both onl…………… continues on Automotive Business Review
>>> Read the full article
-
Posted on January 5th, 2012 by admin
Advance Auto Parts Monster Jam Truck Shockwave, Bill Braukmann, to make …
News from Bucks Local News:
Advance Auto Parts Monster Jam roars into the Sun National Bank Center this Friday, Jan. 6. Shockwave, along with driver Bill Braukmann, is set to make an 2 pm appearance Thursday at the Advance Auto Parts on West Trenton Ave. in Morrisville.
View and purchase photos
Advance Auto Parts Monster Jam roars into the Sun National Bank Center this Friday, Jan. 6.
Meanwhile, several of the monster trucks competing in the Advance Auto Parts Monster Jam at the Sun National Bank Center this weekend will be on display at area Advance Auto Parts stores.
Three Monster Trucks – and their drivers – can be seen Thursday, Jan. 5 at three Advanced Auto Parts store locations.
Shockwave and driver Bill Braukmann, a New Jersey native, will make an appearance at the Morrisv…………… continues on Bucks Local News
>>> Read the full article
Auto parts industry set to rise in India
News from Business Today:
Home /Special coverage /Auto Expo 2012 /Story
Sunny Sen January 5, 2012
A few years down the line if your car breaks down on a highway, you just might not find one of the local garage shops. You might be entering into a glass walled urbane car parlour, with all the frills.
The Auto Component Manufacturers Association, or ACMA unveiled the ‘Aftermarket Study Book Phase – II’ on We…………… continues on Business Today
>>> Read the full article
-
Posted on December 24th, 2011 by admin
Zacks Investment Research Analysts Reiterate a “Neutral” Rating on Advance …
News from LocalizedUSA:
Advance Auto Parts (NYSE: AAP)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Zacks Investment Research in a research note issued to investors on Friday. The analysts currently have a $ 73.00 price target on the stock.
Zacks’ analyst wrote, “Advance Auto Parts is a specialty retailer of automotive parts, accessories and maintenance items. The company aims to improve its supply chain and vendor terms by pursuing an aggressive store expansion strategy. In addition, its shareholders are benefiting from a continued share repurchase program. In the most recent quarter, the company’s profit exceeded the Zacks Consensus Estimate by a significant margin of $ 0.22 per share. However, the sluggish economy, volatile gasoline prices and pricing are some of the challenges facing the company. Furthermore, its cash and debt positions have deteriorated. These factors have led us to maintain our Neutral recommendation on the stock with a target price of $ 73.00.”
Separately, anal…………… continues on LocalizedUSA
>>> Read the full article
Does Auto Parts Seller LKQ Corp Have What Investors Want In Stock?
News from Investor’s Business Daily:
Today we’ll look at LKQ Corp (LKQX), which sells used and aftermarket auto parts to collision repair shops throughout the U.S.
Does auto parts seller LKQ Corp have what investors want in stock?
Click here to view IBD’s Daily Stock Analysis video now!
In this sluggish economy, product demand has been growing as customers look to save money and hold onto their cars longer. LKQ has also made several acquisitions in recent years.
>>> Read the full article
-
Posted on December 20th, 2011 by admin
Advance Auto Parts Stock To Go Ex-dividend Tomorrow (AAP)
News from TheStreet.com:
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
…………… continues on TheStreet.com
>>> Read the full article
Just in time for Christmas, build a 1967 Mustang from scratch
News from Los Angeles Times:
Here’s the latest gift for the car enthusiast on your Christmas list -– a brand-new body shell for a 1967 Ford Mustang convertible.
Even better, this car body will match or improve on the fit, finish and quality of the original, said Dennis Mondrach, Ford Restoration Parts licensing manager.
The $ 15,995 auto part is the fourth reproduction classic Mustang body available to restorers, joining the ’65 convertible, the ’67 fastback and the ’69 fastback.
Made by Dynacorn International, the body panels are stamped from modern automotive-grade steel that is slightly thicker than the original, according to Jim Christina, Dynacorn’s general manager. There are also newly engineered reinforcements in known stress areas to add strength and rigidity to the body, he said.
“These days, the chances are fairly slim of finding a restorable, rust-free ’67 Mustang that has never been wreck…………… continues on Los Angeles Times
>>> Read the full article