Shares of Advance Auto Parts, Inc. (AAP) gained over 54% on Thursday morning after the automotive aftermarket parts provider reported its first-quarter results and reaffirmed its full-year 2025 outlook.
AAP is currently trading at $48.25, up $16.94 or 54.10%, on a huge volume of 16 million shares, above average volume of 2.6 million, on the NYSE. The stock opened its trading at $43.07 after closing Wednesday at $31.31. The stock has traded between $28.89 and $71.62 in the past 52-week period.
Advance Auto Parts reaffirmed its earnings, net sales and comparable store sales growth guidance for the full year 2025.
For fiscal 2025, the company continues to project earnings from continuing operations in the range of $1.50 to $2.50 per share on net sales from continuing operations between $8.40 billion and $8.60 billion, with comparable store sales increase in a range of 0.5 to 1.5 percent.
The company's earnings for the quarter was $24 million or $0.40 per share, compared with $40 million or $0.67 per share in the first quarter of 2024.
The company's adjusted loss per share was $0.22 compared with earnings per share of $0.33 in the first quarter of 2024.
First quarter 2025 net sales totaled $2.58 billion, compared with $2.77 billion in the first quarter of the prior year. Comparable store sales for the first quarter 2025 decreased 0.6%.
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