1. Fundamentals
2. Technicals
Long-term i have much higher price targets, ever triple digits!
I expect $39-40 on earnings and $43 in July.
- The company was beaten down because of losing competition. This is a retail auto parts store chain, and not az OEM supplier.
- The company presented a relatively good 2024 Q4 earnings in February, but fell on weak guidance.
- Insiders bought shares in 2025 March
- They completed a restructuring plan in 2024, because of margin collapse.
- Earnings expectations are low, i guess they can be profitable for 2025Q1 if they presents the analyst expectations for revenue of 2.5B. (Analysts expecting this with a negative EPS)
2. Technicals
- 42% correction between 2025 February and April (i guess everyone remembers the day on April, so i don't need to tell the exact date, lol)
- First higher high on April 23.
- This was taken out on May 16., now we are in uptrend.
- The stock took out the 50MA
- Look left: 2024 december the stock plunged 42%, then consolidated, regained the 50MA and rallied 25% in 25 days - history repeating?
Long-term i have much higher price targets, ever triple digits!
I expect $39-40 on earnings and $43 in July.
Trade closed: target reached
42.89 in pre-market, target hit!Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.