Advance Auto Parts gains as Q4 profit beats estimates

Shares of Advance Auto Parts AAP.N jumps 8% to $63 premarket

Co reports Q4 adjusted profit of 86 cents, well above analysts' estimates of 42 cents - data compiled by LSEG

Forecasts annual adjusted profit between $2.40 and $3.10 per share, the midpoint of which is above estimates of $2.66

Selling, general and administrative expenses for the quarter fall 29.3% to $825 million from a year earlier

As of last close, stock up 48.1% YTD