Advance Auto Parts climbs as store closures power earnings beat amid revamp

Shares of Advance Auto Parts are up more than 8% in early trading on Friday, following the release of the company’s fourth-quarter results.

Advance Auto posted adjusted earnings of $0.86 per share in Q4, more than twice the $0.41 per share expected by analysts polled by FactSet. Same-store sales grew 1.1%, below the 2.2% consensus.

The retailer closed 522 stores in its fiscal year 2025 as part of an overhaul it first announced in 2024. It plans to open between 40 and 45 stores this year.

Looking ahead, Advance Auto said it expects comparable-store sales to grow between 1% and 2% in 2026. Wall Street expected 2.13%.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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