Tag: $Advance Auto Parts Inc.

Auto-parts retailer sticks to its previous profit forecast, which didn’t include tariffs, even though its sources products from Mexico, China and Canada

Shares of Advance Auto Parts were tumbling as a tough quarterly report from the car-parts retailer outweighed the announcement of a $1.5 billion sale of a parts distribution business.

Shares of Advance Auto Parts were trading sharply higher after the auto-parts retailer filed mixed quarterly results but issued a strong forecast.

Advance Auto Parts stock was falling after the vehicle-parts retailer reported a surprise third-quarter loss, reduced guidance, and announced a cost-cutting initiative.

Earnings from auto parts distributors such as Advance Auto Parts just might be the canary in the coal mine. There is a limit to what people can pay to buy and maintain their vehicles.

Advance Auto Parts Inc lowered its full-year profit outlook on Wednesday on the back of elevated costs, sending the auto parts retailer’s shares down 24% before the opening bell.