Is Advance Auto Parts Stock a Buy?

Like an old car that breaks down often, Advance Auto Parts (NYSE: AAP) stock has been a giant headache for investors. The automotive parts retailer and distributor has struggled amid an industry slowdown and weaker-than-expected earnings. Shares have declined by 83% from their all-time high in early 2022, with the sell-off continuing this year.The numbers are discouraging, but this type of volatility can sometimes present a compelling opportunity for investors, assuming the company can make the necessary repairs. Is Advance Auto Parts stock a buy now? Here's what you need to know.Several factors have contributed to the collapse of Advance Auto Parts stock over the past two years. Beyond a shift in the macroeconomic backdrop with a post-pandemic consumer spending slowdown, the company was hard hit by supply chain disruptions to the aftermarket auto parts industry and inflationary cost pressures.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool