Why Did AAP Stock Sink 21% After a Better-Than-Expected Quarter?

TLDR AAP stock plunged 21.75% to $43.96 after investors focused on weaker sales and soft DIY demand. Advance Auto Parts posted adjusted EPS of $1.03, beating the $0.81 analyst estimate by 27%. Revenue reached $2.0 billion, missing the $2.04 billion consensus, while comparable store sales fell 0.5%. Adjusted gross margin rose to 46.2%, while adjusted [...]

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