On its latest earnings call, Advance Auto's CEO announced a strategic plan to restore profitability, encompassing the divestment of Worldpac and CarQuest Canadian business, substantial cost reductions, strategic reinvestment in core operations and the appointment of a new CFO. These actions aim to streamline operations, optimize the portfolio and fortify leadership, signaling a commitment to long-term financial resilience and growth. Got a confidential news tip? We want to hear from you. Macro data trends, including moderating shipping costs, make the aap stock price forecast modestly optimistic. Traders note improved profit per store metrics could see the stock re-rate toward the upper $70s before September
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