Advance Auto Parts Tumbles On Weak Outlook, Margin Concerns
1. AAP shares fell 9.16% after Q2 earnings report. 2. Adjusted EPS of 69 cents beat estimates of 57 cents. 3. Sales of $2.01 billion exceeded expectations of $1.978 billion. 4. Goldman Sachs maintains a Sell rating with a price target of $43. 5. Concerns over reduced FY 2025 earnings guidance due to high interest expense.