Advance Auto Parts Inc.’s stock soared toward a record one-day gain in early trading Thursday, after the car- and truck-components seller said it expects to deliver on its profit forecast for the year, even after it started including the impact of current tariffs.

The retailer also beat analyst estimates for first-quarter revenue and adjusted losses, after it completed an effort to freshen up its storefronts, and as its aftermarket-supplier business grew comparable sales for eight consecutive weeks.

The stock rocketed 35.4% in premarket trading. If the gains hold through the close, it would be the largest one-day gain since the stock went public in November 2001, and well ahead of the previous record jump of 16.6% on Oct. 16, 2013.

With the company’s wholesale supply chain tapping into products from Mexico, Canada and China, Advance Auto Parts has been impacted by new import levies imposed by President Donald Trump in March and April.

But on Thursday, the company said it’ll handle the extra costs tied to the current tariff regime and still deliver its full-year earnings targets.

“The recently implemented tariffs have created a highly dynamic economic environment,” said Advance Auto Parts Chief Executive Shane O’Kelly. “We are reaffirming our annual guidance based on performance to date, expected progress on our strategic initiatives for the balance of the year and our planned mitigation actions for the tariffs currently in effect.”

To be sure, while tariffs raise wholesale costs of foreign-made auto parts, they’re also impacting new car sales and driving more consumers to keep their older cars running by buying things like brake pads, oil filters, and fresh windshield wiper blades — even if the prices of those items are higher.

Meanwhile, businesses have also been looking at alternate suppliers with less of a tariff impact, or moving to shift more operations and production within the U.S. borders.

For full-year 2025, Advance Auto Parts continues to expect revenue of $8.4 billion to $8.6 billion, while Wall Street analysts polled by FactSet currently expect revenue of $8.47 billion.

The company also stuck to its forecast for adjusted 2025 earnings of $1.50 to $2.50 a share, compared with the FactSet consensus of $1.42 a share.

When the outlook was provided in February, the company said it “does not assume” any impact from potential changes in tariffs.

Advance Auto Parts reported an adjusted first-quarter loss of 22 cents a share, ahead of the FactSet consensus estimate for a loss of 82 cents a share. In the year-ago quarter, the company disclosed adjusted net income of 33 cents a share.

Including one-time items, Advance Auto Parts generated first-quarter net income of $24 million, or 40 cents a share, down from $40 million, or 67 cents a share, in the year-ago quarter.

First-quarter sales dropped to $2.58 billion from $2.77 billion in the year-ago period but beat the analyst estimate of $2.5 billion.

Ahead of Thursday’s trading, Advance Auto Parts’ stock was down 33.8% in 2025, while the S&P 500 has fallen 0.6%.