Advance Auto Parts jumps after Q1 earnings beats estimates

Automotive aftermarket parts provider Advance Auto Parts AAP.N shares soar 22% to $38 premarket

Co posts Q1 sales of $2.6 bln vs analysts avg estimates of $2.5 bln, according to data compiled by LSEG

AAP posts Q1 adj loss of 22 cents/share, narrower than estimates of loss 82 cents/share

Reaffirms adj EPS annual guidance to $1.5 - $2.5

1 of 28 brokerages rate the stock "buy" or higher, 23 "hold" and 4 "sell"; their median PT is $40- as per LSEG data

As of last close, stock had fallen 33.8% YTD