Advance Auto Parts Stock Surges as Value Investors See Potential in Strategic Restructuring

Advance Auto Parts stock has surged 28% this year and is up 5.2% today. The company's management is working to improve operational performance, with a focus on EBITDA margin, which is currently lower than peers like AutoZone and O'Reilly Automotive. CEO Shane O'Kelly's strategic restructuring plans, including closing 700 locations and opening larger market hub stores, aim to improve inventory management and customer loyalty. A loyalty program for DIY customers was also recently launched. Value investors are optimistic about the company's potential for growth.