Advance Auto Parts, Inc.(NYSE:AAP) shares are trading lower by 5.3% to $39.20 during Monday's session. Shares of auto supplier stocks may be under pressure following weak guidance fromStellantis, which could be causing concern for the sector.

What Happened:Shares of Advance Auto Parts fell sharply Monday, following the announcement fromStellantis NV(NYSE:STLA) that the global automaker revised its fiscal 2024 guidance.

The Stellantis report, which sent shockwaves across the auto sector, also led to declines in other major automakers likeGeneral Motors Co(NYSE:GM) andFord Motor Co (NYSE:F), with market concerns growing over weakened...