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Markets · Investing · Business
Finance
Why Advance Auto Parts Stock Crashed Today
The car parts provider is facing a "volatile demand environment."
Shares of Advance Auto Parts (NYSE: AAP) plunged on Thursday after the automotive aftermarket parts supplier warned of a slowdown in consumer spending.
Image source: Getty Images.
Advance Auto Parts' net sales were flat year over year at $2 billion in its fiscal second quarter, which ended on July 18.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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