Want a 2024 Lamborghini Revuelto? Sorry. It’s Sold Out

Want a 2024 Lamborghini Revuelto? Sorry. It’s Sold Out

Even though there look to be loads of pleasant Jaguars and Audis sitting on supplier a lot this calendar year, luxury vehicle is bucking the craze. To be absolutely sure, the Lamborghini Revuelto supercar is a single of the most anticipated cars and trucks of 2024. But, at $600,000 each individual, it’s tough to imagine that Lamborghini would market that numerous of them. But, consider it, certainly, simply because according to CEO Stephan Winkelmann, they’re sold out.

The 2024 Lamborghini Revuelto is bought out

Winklemann informed CNBC that not only is the company marketed out of the new supercar, but that it has orders in hand for the initial two decades of manufacturing. “We never see any slowdown in buy ingestion for shopping for automobiles like ours,” he informed CNBC. Of system the Revuelto is a new, unique, and different take on a Lamborghini, but it nevertheless has styling that would tip about a college bus if 1 drove by.

Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Grand Jean Capital Management Inc.

Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by Grand Jean Capital Management Inc.

Grand Jean Capital Management Inc. decreased its position in Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) by 22.5{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,488 shares of the company’s stock after selling 10,275 shares during the quarter. Advance Auto Parts comprises approximately 2.5{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of Grand Jean Capital Management Inc.’s holdings, making the stock its 16th largest position. Grand Jean Capital Management Inc. owned approximately 0.06{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of Advance Auto Parts worth $5,548,000 at the end of the most recent quarter.

→ America’s Next Super-Boom Is Here (From Investor Place Media)

Several other institutional investors have also modified their holdings of the company. Covestor Ltd raised its position in shares of Advance Auto Parts by 113.7{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} during the first quarter. Covestor Ltd now owns 156 shares of the company’s stock worth $32,000 after purchasing an additional 83 shares during the period. First Personal Financial Services raised its position in Advance Auto Parts by 113.3{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} during the third quarter. First Personal Financial Services now owns 224 shares of the company’s stock valued at $35,000 after buying an additional 119 shares during the period. Private Trust Co. NA acquired a new position in Advance Auto Parts during the second quarter valued at $36,000. AllSquare Wealth Management LLC acquired a new position in Advance Auto Parts during the second quarter valued at $43,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Advance Auto Parts during the second quarter valued at $48,000. Institutional investors and hedge funds own 96.04{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of the company’s stock.

Advance Auto Parts Stock Performance

Advance Auto Parts stock traded down $2.13 during trading hours on Friday, hitting $148.06. The stock had a trading volume of 341,912 shares, compared to its average volume of 904,596. The company has a 50-day moving average of $148.44 and a two-hundred day moving average of $165.00. The company has a quick ratio of 0.23, a current ratio of 1.13 and a debt-to-equity ratio of 0.44. The company has a market cap of $8.90 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 1.02 and a beta of 1.11. Advance Auto Parts, Inc. has a fifty-two week low of $138.52 and a fifty-two week high of $231.43.

Advance Auto Parts (NYSE:AAP – Get Rating) last posted its quarterly earnings results on Tuesday, November 15th. The company reported $2.84 EPS for the quarter, missing the consensus estimate of $3.32 by ($0.48). The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.66 billion. Advance Auto Parts had a net margin of 4.30{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} and a return on equity of 25.97{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}. On average, equities research analysts anticipate that Advance Auto Parts, Inc. will post 12.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AAP. StockNews.com raised Advance Auto Parts from a “hold” rating to a “buy” rating in a research report on Wednesday, February 1st. Morgan Stanley dropped their price target on Advance Auto Parts from $205.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 17th. Barclays started coverage on Advance Auto Parts in a research report on Tuesday, February 7th. They issued an “underweight” rating and a $145.00 target price on the stock. The Goldman Sachs Group dropped their target price on Advance Auto Parts from $230.00 to $197.00 and set a “buy” rating on the stock in a research report on Thursday, November 17th. Finally, Wedbush raised Advance Auto Parts from a “neutral” rating to an “outperform” rating in a research report on Friday, January 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Advance Auto Parts presently has an average rating of “Hold” and a consensus target price of $170.44.

Advance Auto Parts Company Profile

(Get Rating)

Advance Auto Parts, Inc engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage.

Further Reading

Want to see what other hedge funds are holding AAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advance Auto Parts, Inc. (NYSE:AAP – Get Rating).

Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Advance Auto Parts, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Advance Auto Parts wasn’t on the list.

While Advance Auto Parts currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 Stocks to Sell Now

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by entering your email address below.

Get This Free Report

20 Stocks to Sell Now Cover

Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by New York State Common Retirement Fund

Advance Auto Parts, Inc. (NYSE:AAP) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) by 3.2{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,183 shares of the company’s stock after selling 2,148 shares during the quarter. New York State Common Retirement Fund owned 0.11{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of Advance Auto Parts worth $10,191,000 as of its most recent SEC filing.

→ Know Your Profit Potential BEFORE You Trade! (From Tradewins)pixel

Several other hedge funds have also recently modified their holdings of the stock. Empirical Finance LLC lifted its holdings in shares of Advance Auto Parts by 5.2{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} during the second quarter. Empirical Finance LLC now owns 1,345 shares of the company’s stock worth $233,000 after purchasing an additional 66 shares during the period. Assetmark Inc. lifted its holdings in Advance Auto Parts by 3.8{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the third quarter. Assetmark Inc. now owns 1,835 shares of the company’s stock valued at $287,000 after acquiring an additional 68 shares during the period. Mackenzie Financial Corp lifted its holdings in Advance Auto Parts by 1.5{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the third quarter. Mackenzie Financial Corp now owns 5,110 shares of the company’s stock valued at $799,000 after acquiring an additional 77 shares during the period. Harbor Investment Advisory LLC lifted its holdings in Advance Auto Parts by 9.1{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the third quarter. Harbor Investment Advisory LLC now owns 944 shares of the company’s stock valued at $148,000 after acquiring an additional 79 shares during the period. Finally, Covestor Ltd lifted its holdings in Advance Auto Parts by 113.7{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the first quarter. Covestor Ltd now owns 156 shares of the company’s stock valued at $32,000 after acquiring an additional 83 shares during the period. 96.04{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of the stock is owned by institutional investors and hedge funds.

Advance Auto Parts Stock Up 2.1 {49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}

AAP opened at $151.91 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.13 and a quick ratio of 0.23. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 1.01 and a beta of 1.11. The business has a 50-day moving average of $148.12 and a two-hundred day moving average of $166.30. Advance Auto Parts, Inc. has a 12 month low of $138.52 and a 12 month high of $231.43.

Advance Auto Parts (NYSE:AAP – Get Rating) last posted its quarterly earnings results on Tuesday, November 15th. The company reported $2.84 EPS for the quarter, missing the consensus estimate of $3.32 by ($0.48). The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Advance Auto Parts had a net margin of 4.30{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} and a return on equity of 25.97{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}. On average, research analysts expect that Advance Auto Parts, Inc. will post 12.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on AAP. Barclays began coverage on Advance Auto Parts in a report on Tuesday. They issued an “underweight” rating and a $145.00 target price for the company. The Goldman Sachs Group reduced their target price on Advance Auto Parts from $230.00 to $197.00 and set a “buy” rating for the company in a report on Thursday, November 17th. Wells Fargo & Company cut their price target on Advance Auto Parts from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday, January 5th. Citigroup cut their price target on Advance Auto Parts from $161.00 to $159.00 and set a “neutral” rating for the company in a research note on Friday, January 27th. Finally, Guggenheim downgraded Advance Auto Parts from a “buy” rating to a “neutral” rating in a research note on Thursday, November 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $180.47.

About Advance Auto Parts

(Get Rating)

Advance Auto Parts, Inc engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage.

Further Reading

Institutional Ownership by Quarter for Advance Auto Parts (NYSE:AAP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Advance Auto Parts, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Advance Auto Parts wasn’t on the list.

While Advance Auto Parts currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginners Guide To Pot Stock Investing Cover