Advance Auto’s stock sheds gains made on asset sale as profit lags estimates

By / / Finance / 1 minute of reading




Advance Auto Parts’ stock was volatile early Thursday, jumping on news of a sale of its Worldpac Inc. wholesale business for $1.5 billion in cash before turning down 8% after the company posted second-quarter profit that lagged estimates.



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Lisa Ferguson is an award-winning writer and editor who is passionate about politics, health, business, and finance. In her free time, Lisa loves to read nonfiction books and watch documentaries about current affairs. Her favorite subjects are health care policy, climate change, and social justice issues like immigration reform.

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