"The Advance Auto Parts (AAP) DIY category is doing well, while the professional side struggled. They are starting to invest more in inventory to have on hand for professional installers as well as increase technology. The strength in the U.S. Dollar, Taiwanese Dollar, and Canadian Dollar has hurt Advance Auto Parts (AAP). Inflation in construction costs has also hurt," says Max Wasserman. "I am on the fence on the AAP stock as their topline growth is underperforming," adds Seth Basham.
16 Nov 2022