Advance Auto Parts, Inc. (AAP): A Bull Case Theory

We came across a bullish thesis on Advance Auto Parts, Inc. (AAP) on Deep Value Capital’s Substack. In this article, we will summarize the bulls’ thesis on AAP. Advance Auto Parts, Inc. (AAP)'s share was trading at $51.68 as of 4^th June. AAP’s trailing and forward P/E were 174.7 and 36.50 respectively according to Yahoo Finance.

[caption id="attachment_1230343" align="aligncenter" width="768"] An engineer at a workbench surrounded by automotive parts, tools, and microchips.[/caption]

Advance Auto Parts (AAP), one of North America's largest aftermarket auto parts retailers, is...