0916 ET - Advance Auto Parts is still heading in the right direction, D.A. Davidson's Michael Baker and Keegan Cox say in a research note. The aftermarket car-parts retailer's stock took a hit Thursday after lowering part of its outlook as it reported mixed results in its latest quarter. "AAP is in the early innings of their three-year turnaround plan, and continues to show trends in the right direction," say the analysts. "But, there is still hundreds of basis of improvement required to hit the three year bogeys in a plan that implies some acceleration - which adds some risk." (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
August 15, 2025 09:16 ET (13:16 GMT)
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