Advance Auto Parts hits over 2-month high after robust Q1 results

Shares of Advance Auto Parts AAP.N soar 44% to $45 in early trade

AAP scales its highest level since late February 2025

The automotive aftermarket parts provider posts Q1 sales of $2.6 bln, ahead of analysts' 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

Including session moves, shares are down 5% YTD