Key Takeaways Advance Auto Parts cut its earnings outlook as it entered a new $1 billion credit facility.The auto parts retailer's new loan runs for five years.Advance Auto Parts exceeded profit and sales estimates in the second quarter.

Advance Auto posted adjusted earnings of 69 cents a share for its second quarter, surpassing Wall Street’s call for 56 cents, according to FactSet. Comparable-store sales rose 0.1% from the prior year, in line with consensus estimates.