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Stock Market & Financial Investment News

News Breaks
November 13, 2012
09:46 EDTAAP, ORLYThree to four PE firms interested in Advance Auto Parts, CNBC reports
Three to four private equity firms are showing interest in acquiring Advance Auto Parts (AAP), CNBC's David Faber reports. A deal could take a couple of months to come together, Faber said, and would likely require a $2B equity check. There is no strategic interest for Advance Auto at this time, and O'Reilly Automotive (ORLY) would be one of the few auto parts suppliers left should a deal for Advance Auto get done, Faber added.
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April 14, 2014
19:05 EDTAAP, ORLYPep Boys falls after CEO says tire pricing to negatively impact revenue
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April 10, 2014
07:56 EDTAAPAdvance Auto Parts added to Best Ideas List at Wedbush
Wedbush added Advance Auto Parts to its Best Ideas List as the firm continues to believe that the company's acquisition of General Parts International will generate significantly greater synergies than expected. The firm also thinks the company could benefit from a hotter than normal summer, while its core business could be poised to rebound. The firm keeps a $150 price target and Outperform rating on the shares.

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