Ken Bush - Advance Auto Senior Merchant

AAP Stock  USD 40.79  2.10  5.43%   

Executive

Ken Bush is Senior Merchant of Advance Auto Parts
Address 4200 Six Forks Road, Raleigh, NC, United States, 27609
Phone540 362 4911
Webhttps://shop.advanceautoparts.com

Advance Auto Management Efficiency

At this time, Advance Auto's Return On Tangible Assets are relatively stable compared to the past year. As of 11/25/2024, Return On Capital Employed is likely to grow to 0.21, while Return On Equity is likely to drop 0.14. At this time, Advance Auto's Liabilities And Stockholders Equity is relatively stable compared to the past year. As of 11/25/2024, Non Current Liabilities Total is likely to grow to about 4.7 B, while Total Current Liabilities is likely to drop slightly above 2.9 B. Advance Auto's management efficiency ratios could be used to measure how well Advance Auto manages its routine affairs as well as how well it operates its assets and liabilities.
Advance Auto Parts has 4 B in debt with debt to equity (D/E) ratio of 1.5, which is OK given its current industry classification. Advance Auto Parts has a current ratio of 1.11, demonstrating that it is in a questionable position to pay out its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Advance to invest in growth at high rates of return.

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Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company was founded in 1929 and is based in Raleigh, North Carolina. Advance Auto operates under Specialty Retail classification in the United States and is traded on New York Stock Exchange. It employs 41000 people. Advance Auto Parts (AAP) is traded on New York Stock Exchange in USA. It is located in 4200 Six Forks Road, Raleigh, NC, United States, 27609 and employs 40,000 people. Advance Auto is listed under Automotive Retail category by Fama And French industry classification.

Management Performance

Advance Auto Parts Leadership Team

Elected by the shareholders, the Advance Auto's board of directors comprises two types of representatives: Advance Auto inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Advance. The board's role is to monitor Advance Auto's management team and ensure that shareholders' interests are well served. Advance Auto's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Advance Auto's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bradley Buss, Independent Director
Jeffrey Shepherd, Chief Financial Officer, Executive Vice President, Chief Accounting Officer
Sharon McCollam, Independent Director
Arthur Valdez, Independent Director
William Pellicciotti, Senior Vice President Chief Accounting Officer, Controller
Jason McDonell, Executive Vice President - Merchandising, Marketing and E-Commerce
Sri Donthi, Executive CTO
Sherice Torres, Independent Director
Thomas Greco, President, Chief Executive Officer, Director
Ken Bush, Senior Merchant
Douglas Pertz, Independent Director
Andrew Page, Senior Vice President Chief Accounting Officer, Controller
Joan Hilson, Independent Director
John Bergstrom, Independent Director
John Ferraro, Independent Director
Michelle Smith, Senior Availability
Michael Creedon, Executive Vice President of U.S. Stores
Nigel Travis, Independent Director
Eugene Lee, Independent Chairman of the Board
Herman Word, Executive Independents
Todd Davenport, Senior Development
Stephen Szilagyi, Executive Officer
Bruce Starnes, Executive Merchant
Michael Broderick, Executive Vice President - Merchandising, and Store Operations Support
Carlos CPA, CoFounder HR
Natalie Schechtman, Senior Vice President of Human Resources
Ryan Grimsland, Executive CFO
Elizabeth CPA, Controller VP
Tammy Finley, Executive Vice President, General Counsel, Corporate Secretary
Elisabeth Eisleben, Investor Communications
Shane OKelly, CEO President
Carla Bailo, Independent Director
Kristen Soler, Executive CHRO
Robert Cushing, Executive Vice President - Professional
Reuben Slone, Executive Vice President - Supply Chain
Jeffrey Jones, Independent Director

Advance Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Advance Auto a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Advance Auto

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Advance Auto position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Advance Auto will appreciate offsetting losses from the drop in the long position's value.

Moving together with Advance Stock

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Moving against Advance Stock

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The ability to find closely correlated positions to Advance Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advance Auto when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Advance Auto - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Advance Auto Parts to buy it.
The correlation of Advance Auto is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Advance Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advance Auto Parts moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Advance Auto can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Advance Stock Analysis

When running Advance Auto's price analysis, check to measure Advance Auto's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Advance Auto is operating at the current time. Most of Advance Auto's value examination focuses on studying past and present price action to predict the probability of Advance Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advance Auto's price. Additionally, you may evaluate how the addition of Advance Auto to your portfolios can decrease your overall portfolio volatility.