Auto Parts Executive Summary

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The auto parts retail giant has seen a spike in earnings in 2015.

According to Bloomberg, financial results for Advance Auto Parts confirm a 9 percent increase per share for the second-quarter of 2015. On Thursday, the stocks rose over $15 a share. The increase in earnings have suprised many analysts.

However, despite the increase in earnings, Advance Auto Parts is reportedly getting ready to close down 50 stores. Stores that are under-performing are said to be the ones that will close down, according to reports. In addition, almost all the job cuts will be related to the integration of General Parts International.

The stores are expected to close by the end of 2015, as reports.

In light of unexpected increased earnings and the
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Earlier this week, the auto parts retail giant also announced an additional 100 corporate stores to close, 50 in Roanoke -- where the company's headquarters is at -- and the other 50 in Raleigh, North Carolina.


"For fiscal 2015, Advance Auto Parts affirmed its forecast for comparable cash earnings in a range of $8.10 to $8.30 per share. The Street expects the company to report earnings of $8.26 per share for the year.

AAP closed Wednesday's trading at $172.00. In Thursday's pre-market activity, the stock is up $0.59 or 0.34 percent to $172.59."

Meanwhile, with Amazon being the biggest store in the world, online shopping has changed the way we spend our money. BuyAutoParts, a 2015 Inc. magazine fastest-growing seller, is the online version of Advanced Auto Parts. The company has recently generated over $42 million from online auto parts sales, according to the San Diego Biz Journal.

Some believe that, since Amazon replaced stores like Radioshack, online stores could soon take over the auto parts industry as well. Although it sounds plausible, Advanced Auto Parts continues to dominate the auto parts industry, even despite all the store
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