Feb. 13 at 6:39 PM
Advance Auto Parts reported stronger-than-expected quarterly results, but the stock edged lower.
The company posted adjusted earnings of 86 cents per share, more than double the 41 cents analysts expected. Revenue totaled
$1.97 billion, slightly below last year’s
$2 billion but ahead of the
$1.95 billion forecast. Same-store sales rose 2.2%, in line with estimates and marking a third straight quarter of growth.
Despite the beat, shares slipped about 0.5% to
$57.93 after early gains. The stock is still up 48% this year as the retailer works to recover from an 85% drop from its 2021 peak.
For 2026, Advance Auto forecasts adjusted EPS of
$2.40 to
$3.10 and same-store sales growth of 1.5% to 2%, compared with Wall Street expectations of
$2.67 per share and 2.1% growth.
Meanwhile, rivals AutoZone and O'Reilly Automotive traded higher.
$AAP