There's a struggling auto parts stock where a notable activist is involved that could be ripe for a turnaround... but it may take some time.
Although Advance Auto was the smallest of the three at the end of 2021, these companies, ostensibly selling similar products, were within the same order of magnitude as of 2021.
AAP 1Y mountain Advance Auto Parts, 1 year Between the company's poor operating performance and the stock's sharp declines, it is unsurprising that sell-side analysts aren't enthusiastic.
Advance Auto Parts seems a good candidate, and scanning the holders of AAP, it seems some well-known activists, such as Third Point agree .
While the activist's strategy may be sound, it might be challenging to implement due to market conditions or capital constraints.
Persons:
There's, O'Reilly, Autozone, Russell, Shane O'Kelly
Organizations:
Parts, Autozone, O'Reilly Automotive, AAP, Advance, Auto, Advance Auto, Carlyle Group, Home, CNBC, NBC UNIVERSAL
Locations:
Jan