Roth Capital Predicts Higher Earnings for Advance Auto Parts

Advance Auto Parts, Inc. (NYSE:AAP - Free Report) - Research analysts at Roth Capital increased their FY2026 EPS estimates for Advance Auto Parts in a report issued on Friday, November 15th. Roth Capital analyst S. Stember now anticipates that the company will earn $3.53 per share for the year, up from their prior estimate of $3.50. Roth Capital currently has a "Hold" rating on the stock. The consensus estimate for Advance Auto Parts' current full-year earnings is $2.26 per share.

Advance Auto Parts (NYSE:AAP - Get Free Report) last announced its quarterly earnings results on Thursday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.53). Advance Auto Parts had a return on equity of 1.82% and a net margin of 0.41%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the company posted ($0.82) earnings per share. The firm's quarterly revenue was down 3.2% on a year-over-year basis.

A number of other analysts also recently weighed in on AAP. UBS Group increased their target price on shares of Advance Auto Parts from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday. Truist Financial reduced their target price on Advance Auto Parts from $41.00 to $39.00 and set a "hold" rating for the company in a research note on Friday. The Goldman Sachs Group lowered their price objective on shares of Advance Auto Parts from $60.00 to $43.00 and set a "neutral" rating on the stock in a report on Friday. Roth Mkm restated a "neutral" rating and issued a $40.00 target price on shares of Advance Auto Parts in a report on Wednesday, October 16th. Finally, Wells Fargo & Company decreased their price objective on shares of Advance Auto Parts from $50.00 to $40.00 and set an "equal weight" rating for the company in a research note on Friday, September 13th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Advance Auto Parts has an average rating of "Hold" and a consensus price target of $49.14.

Advance Auto Parts Trading Up 6.4 %

Shares of AAP stock traded up $2.41 during trading hours on Monday, hitting $40.10. 3,315,897 shares of the company's stock traded hands, compared to its average volume of 2,059,502. The stock's 50 day simple moving average is $39.02 and its 200 day simple moving average is $54.11. Advance Auto Parts has a 12 month low of $35.59 and a 12 month high of $88.56. The stock has a market cap of $2.39 billion, a PE ratio of 54.92 and a beta of 1.17. The company has a quick ratio of 0.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.69.

Institutional Trading of Advance Auto Parts

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAP. Pzena Investment Management LLC lifted its stake in Advance Auto Parts by 140.3% in the 3rd quarter. Pzena Investment Management LLC now owns 2,908,658 shares of the company's stock worth $113,409,000 after purchasing an additional 1,698,155 shares in the last quarter. Third Point LLC purchased a new stake in shares of Advance Auto Parts in the first quarter worth about $127,234,000. Dorsal Capital Management LP boosted its stake in Advance Auto Parts by 159.7% during the second quarter. Dorsal Capital Management LP now owns 1,250,000 shares of the company's stock valued at $79,162,000 after buying an additional 768,664 shares during the last quarter. Capital World Investors increased its stake in Advance Auto Parts by 67.0% in the 1st quarter. Capital World Investors now owns 1,533,933 shares of the company's stock worth $130,522,000 after acquiring an additional 615,674 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Advance Auto Parts by 76.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,266,362 shares of the company's stock worth $80,197,000 after acquiring an additional 547,696 shares in the last quarter. Institutional investors own 88.75% of the company's stock.

Advance Auto Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, January 10th. Advance Auto Parts's dividend payout ratio (DPR) is 136.99%.

About Advance Auto Parts

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.