Advance Auto Parts Analysts Increase Their Forecasts After Strong Q1 Results

1. AAP reported a smaller-than-expected first-quarter loss of 22 cents per share. 2. Quarterly sales of $2.583 billion exceeded analyst expectations despite a year-over-year decline. 3. Comparable store sales decreased by 0.6%, indicating potential challenges ahead. 4. Analysts adjusted price targets post-earnings, showing mixed sentiment toward AAP. 5. Shares fell 4.7% to $46.86 after earnings announcement, reflecting immediate investor reaction.