US Stock Market Move | Q1 performance exceeds expectations, Advance Auto Parts (AAP.US) surges over 46%

On Thursday, Advance Auto Parts (AAP.US) surged more than 46% to $46.02. On the news front, the company's financial results for the first quarter of the 2025 fiscal year exceeded expectations, with an adjusted loss per share of 22 cents, better than the analysts' consensus forecast of an 82 cents loss per share. Quarterly sales were $2.583 billion (down 6.8% year-on-year), surpassing market expectations of $2.499 billion. Comparable store sales for the first quarter of 2025 decreased by 0.6%. Analysts said that Advance Auto Parts may be turning the corner, and that this financial data is a step in the right direction for its transformation progress, which should help the stock price rebound, at least partially. The company is still in trouble, losing market share to competitors, but analysts added that the gap with industry trends has narrowed to the smallest in four years, which is a good sign.