Reported about 2 months ago
Advance Auto Parts (NYSE: AAP) is currently significantly undervalued, with a potential to achieve $1 billion in annual profit within a few years due to increasing demand for auto parts as vehicles age. Despite experiencing a 75% drop in stock price from its 2021 highs and lagging profit margins compared to competitors, the company's new CEO is implementing a major overhaul of its inefficient supply chain which could revive profitability. These changes present a promising investment opportunity for those willing to look past the current challenges.
Source: YAHOO