0919 ET - Advance Auto Parts may be turning the corner. "Advance Auto Parts has been the worst performing big box name in our space year to date, worse than Target," says D.A. Davidson's Michael Baker and Keegan Cox in a research note. "But, this morning's print is a step in the right direction with respect to their turnaround progress and should help the stock rebound, at least partially." The aftermarket car-parts retailer logged better-than-expected results in 1Q and backed its guidance for 2025. The analysts say the company isn't out of the woods yet and is still losing share to competitors, but added that the gap versus the industry trend was as narrow as it's been in four years, which is a good sign. Advance Auto Parts jumps 35% to $42.00 premarket. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 22, 2025 09:19 ET (13:19 GMT)
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