Advance Auto Parts Inc. (NYSE:AAP) traded at a new 52-week high today of $235.57. This new high was reached on below average trading volume as 59,000 shares traded hands, while the average 30-day volume is approximately 583,000 shares.
Advance Auto Parts is one of the industry’s largest retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in North America. Advance operated 4,976 stores as of the end of 2020, in addition to servicing 1,277 independently owned Carquest stores. The company’s Worldpac unit is a premier distributor of imported original-equipment parts. Advance derived 57% of its 2020 sales from commercial clients, up from 30%-40% before the General Parts deal.
Over the past year, Advance Auto Parts Inc. has traded in a range of $142.59 to $235.57 and is now at $234.16, 64% above that low.
Advance Auto Parts Inc. (NYSE:AAP) is currently priced 24.1% above its average consensus analyst price target of $177.79.
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