Get all your news in one place.
100's of premium titles.
One app.
Start reading
MarketBeat
MarketBeat
Thomas Hughes

Advance Auto Parts Plunged, But Its Turnaround Is Still Working

Advanced Auto Parts (NYSE: AAP)'s August price plunge looks like an opportunity to buy because the causes of the plunge are out of the company’s control, while the factors in its control continue to show improvement.

The catalyst for the plunge was weaker-than-expected DIY sales, sales which were expected to decline as cash-strapped consumers pulled back on projects.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.