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Advance Auto Parts, Inc. (AAP): A Bull Case Theory

We came across a bullish thesis on Advance Auto Parts, Inc. (AAP) on Substack by Unemployed Value Degen. In this article, we will summarize the bulls’ thesis on AAP. Advance Auto Parts, Inc. (AAP)'s share was trading at $35.37 as of March 7th. AAP’s trailing and forward P/E were 174.78 and 23.58 respectively according to Yahoo Finance.

[caption id="attachment_520381" align="aligncenter" width="750"] Copyright: wihtgod / 123RF Stock Photo[/caption]

Advance Auto Parts (AAP) is undergoing a rapid transformation under new management, but the market reacted negatively to its latest...