Advance Auto Parts News

Jamba Juice, American Eagle Outfitters, Barnes & Noble Inc., and Advance Auto Parts are a few of the retailers that will be adding PayPal in stores.

Cushman & Wakefield/Thalhimer reports the lease of 9,736 square feet in Parham Plaza at 1501-1567 N. Parham Road in Henrico County to Advance Auto Parts.

PayPal Inc. says 15 retailers, including Abercrombie & Fitch, Office Depot and Jamba Juice, are adding its online payment system in their stores.

Last week the U.S. stock market, as measured by the S&P 500 index, recorded one of its worst weeks in a long time, dropping over 4%. For the month of May, the S&P is off nearly 8%. For many individual stocks, the price decline has been more painful.

Despite reporting a strong quarter yesterday, a weak outlook from Advance Auto Parts was enough to send shares skidding by over 15% as investors furiously dumped shares on heavy volume.

The largest U.S. auto parts retail chain AutoZone Inc's quarterly profit beat market expectations on better margins, but sales growth slowed.

On Thursday, Advance Auto Parts Inc reported its first quarter earnings and discussed the following topics in its earnings conference call.

Applied Materials Inc. : After Applied Materials reported stronger than expected Q2 results, Stifel Nicolaus is nevertheless disappointed by the company's guidance.

The analysts wrote, "Clearly, AAP has made significant investments that have closed the execution gap with its competitors over the last several years.

Loveland police officer Steve Colburn and his K-9, Kyro, search for a suspect outside a home at 320 S. Washington Ave.

Springfield-based O’Reilly Automotive Inc. sank the most in more than three years after smaller Advance Auto Parts Inc.

Sears first quarter net swung to $189 million profit and plan for a partial spin-off. Ross Stores first quarter net soared 21% to $208.6 million and Wal-Mart increased 10% to $3.74 billion.

In trading on Thursday, auto dealerships shares were relative laggards, down on the day by about 2.6%. Helping drag down the group were shares of Advance Auto Parts , down about 15% and shares of Oreilly Automotive off about 5.6% on the day.

Welcome to the Advance Auto Parts First Quarter 2012 Conference Call. [Operator Instructions] Today's conference is being recorded.

Advance Auto Parts gapped down today, opening at $72.28 after closing the previous trading session at $82.10. While trading at a volume of 1.9 million, the stock price has fallen 15.5%. The stock has been losing steam over the last month, dropping $21.28 from a price of $90.68 on April 18, 2012.

The analysts wrote, "Our Buy rating had been predicated on market share gains, particularly in the commercial business, improvements in DIY and expense savings.

Advance Auto Parts says its first-quarter profit rose 22 percent, but that's short of expectations and shares are tumbling in premarket trading.

U.S. auto parts retail chain Advance Auto Parts Inc reported a quarterly profit that missed analysts' estimates, as h i gher supply chain costs hurt margins, sending its shares down 11 percent in premarket trade.

Keith is a member of The Motley Fool Blog Network -- entries represent the personal opinions of our bloggers and are not formally edited.

A number of other analysts have also recently weighed in on AAP. Analysts at Cleveland Research downgraded shares of Advance Auto Parts to a "neutral" rating in a research note to investors on Monday.