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advanceautoparts.com

Founded Year

1932

Stage

IPO | IPO

Date of IPO

3/8/2002

Market Cap

11.98B

Stock Price

196.07

About Advance Auto Parts

Advance Auto Parts is a source for quality auto parts, advice and accessories.

Advance Auto Parts Headquarter Location

5008 Airport Road

Roanoke, Virginia, 24012,

United States

877-238-2623

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Expert Collections containing Advance Auto Parts

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Advance Auto Parts is included in 1 Expert Collection, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Latest Advance Auto Parts News

Finding the tipping point

May 17, 2022

Message : *Required fields Today is a busy day for investors, with public speeches by central bankers, important economic statistics and several earnings reports from large companies. Yesterday, Wall Street suffered at the end of the session, divided between the continuation of an opportunistic rebound, disappointing economic data in China and, to a lesser extent, in the United States. The Nasdaq lost 1.2% after its big rebound on Friday, while the Dow Jones gained 0.08%. Investors are still torn between the appeal of valuations that have become affordable, even very affordable, and the fear of a future filled with inflation, economic recession and shortages. When the stock market declines, all investors are looking for the tipping point. That's why investors have developed a whole vocabulary of bearishness, which is supposed to provide milestones. We speak of a "correction" when stocks fall more than 10% before recovering. A correction that exceeds 20% becomes a bear market. In this type of situation, a capitulation market often occurs. This is the moment when investors' nerves give way and panic worsens an already well-established decline. We can also witness a "dead cat bounce", which is a kind of swan song -  a rebound followed by the continuation of the downtrend. Over time, these milestones have also become anchor points. For example, investors are more likely to expect indexes to rebound just after crossing the -10% barrier, or the -20% barrier. This is a bit arbitrary since these levels are above all round numbers, but it makes it easier to imagine finding the low point and thus taking full advantage of the rebound (if it is not a dead cat jump, if you have followed correctly). Of course, if you are looking for the low point during a "correction" and it turns into a "bear market", you'll go straight to the floor below. These periods come and go at regular intervals. They are part of the "shock cycle" described by US columnist Morgan Housel. Panic is often a bad advice, because it increases considerably the risk for an investor to be in the wrong timing, which amounts to making stupid choices. Excessive pessimism occurs during events but also afterwards, because it is difficult to switch from one mental pattern to another. In the shock cycle, this is the period from when the investor thinks the bad news is permanent to when he denies the good news. But of course, determining the tipping point I mentioned at the beginning is probably the most complicated exercise. On the other hand, it is possible to measure the degree of irrational optimism or pessimism of investors. This is what the British bank Liberum has done, estimating that the US markets are currently 10% below what is rationally justifiable by the economic context. The method of arriving at these figures is interesting. Liberum relies on the deviation between the performance of the stock market on a day-to-day basis and the performance of the market during the session. Indeed, research has shown that intraday prices are dictated by investors' emotions and biases, while post-trade prices are much more rational (and much less volatile) as they are more based on economic data. Or to put it simply, "returns that occur overnight reflect macroeconomic risk, while those that occur during the day reflect investor behavior," to quote one of the studies used by Liberum. When the market is overly optimistic, intraday changes are systematically higher than overnight changes, as was the case in 2021. Since the beginning of 2022, it is the opposite, except during the March surge. At this stage, the gap is not quite as extreme as it was during the most violent episodes of the last decade, according to Liberum's model, which estimates that while a reversal is not yet on the agenda, the market's low point is getting closer. When you put it that way, it's almost like the best influencers in the financial twittosphere kicking in an open door, but in reality, it's a little more subtle than that. During previous violent downturns, the arrival near these deviation levels signaled a bottom. Advance Auto Parts : Goldman Sachs adjusts price target to $247 from $261, maintains buy rating. Advanced Micro Devices : Piper Sandler raised its recommendation to overweight from neutral. PT jumps 49% to $140. Aspen Technology : : Piper Sandler adjusts price target to $159 from $170, maintains neutral rating. Camden Property : Goldman Sachs downgrades to neutral from buy. PT up 9.6% to $158. CarMax : Evercore ISI adjusts price target to $105 from $85, maintains in-line rating. Equity Residential : Mizuho Securities raised its recommendation to buy from neutral. PT up 13% to $84. Essex Property : Goldman Sachs  raised its recommendation on Essex Property Trust Inc. to buy from sell. Gilead Sciences : Piper Sandler adjusts price target to $69 from $73, maintains neutral rating. Global-E Online : KeyBanc adjusts price target to $25 from $45, reiterates overweight rating. J.B. Hunt : Benchmark Company initiated coverage with a recommendation of buy. PT up 24% to $215. Monday.com : Piper Sandler adjusts price target to $200 from $250, reiterates overweight rating. Palo Alto Networks : KeyBanc adjusts price target to $610 from $729, reiterates overweight rating. PBF Energy : J.P. Morgan upgrades to neutral from underweight. PT up 9.5% to $34. Shake Shack : Raymond James upgrades to market perform from underperform. Teva Pharmaceutical Industries : BofA Securities upgrades teva pharmaceutical industries to neutral from underperform; price target is $9. Unilever : Moves from hold to sell targeting GBp 3400. Upwork : Stifel downgrades to hold from buy, adjusts price target to $20 from $30. Vodafone : Goldman Sachs maintains a Buy rating. Wix.com : Barclays lowers price target to $68 from $105, maintains equalweight rating. WorkDay : Morgan Stanley adjusts price target to $320 from $340, keeps overweight rating. © MarketScreener.com 2022

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  • When was Advance Auto Parts founded?

    Advance Auto Parts was founded in 1932.

  • Where is Advance Auto Parts's headquarters?

    Advance Auto Parts's headquarters is located at 5008 Airport Road, Roanoke.

  • What is Advance Auto Parts's latest funding round?

    Advance Auto Parts's latest funding round is IPO.

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