Research Analysts Offer Predictions for AAP Q1 Earnings

Advance Auto Parts, Inc. (NYSE:AAP - Free Report) - Research analysts at Zacks Research increased their Q1 2026 earnings per share (EPS) estimates for shares of Advance Auto Parts in a research note issued to investors on Wednesday, March 12th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $0.76 for the quarter, up from their prior forecast of $0.73. The consensus estimate for Advance Auto Parts' current full-year earnings is ($0.46) per share. Zacks Research also issued estimates for Advance Auto Parts' Q3 2026 earnings at $0.87 EPS, Q4 2026 earnings at $0.77 EPS, FY2026 earnings at $3.32 EPS and FY2027 earnings at $5.47 EPS.

Other equities research analysts have also recently issued reports about the company. Wedbush reissued an "outperform" rating and issued a $55.00 target price on shares of Advance Auto Parts in a research note on Monday, March 3rd. Wells Fargo & Company lifted their target price on Advance Auto Parts from $40.00 to $45.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Citigroup lowered their target price on Advance Auto Parts from $47.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Truist Financial lowered their target price on Advance Auto Parts from $39.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Finally, Royal Bank of Canada lowered their target price on Advance Auto Parts from $50.00 to $44.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Advance Auto Parts currently has an average rating of "Hold" and an average target price of $45.13.

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Advance Auto Parts Price Performance

AAP stock traded up $0.23 during midday trading on Thursday, reaching $37.82. 1,807,783 shares of the company's stock traded hands, compared to its average volume of 2,111,119. The company has a 50-day simple moving average of $43.80 and a two-hundred day simple moving average of $42.09. Advance Auto Parts has a 1-year low of $33.08 and a 1-year high of $88.56. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 51.80, a PEG ratio of 1.98 and a beta of 1.27. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69.

Hedge Funds Weigh In On Advance Auto Parts

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc increased its position in Advance Auto Parts by 207.4% during the fourth quarter. Versant Capital Management Inc now owns 541 shares of the company's stock worth $26,000 after buying an additional 365 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Advance Auto Parts by 1,543.4% during the fourth quarter. Allworth Financial LP now owns 871 shares of the company's stock worth $40,000 after acquiring an additional 818 shares during the period. Vision Financial Markets LLC bought a new stake in shares of Advance Auto Parts during the fourth quarter worth approximately $42,000. Advisory Services Network LLC bought a new stake in shares of Advance Auto Parts during the fourth quarter worth approximately $46,000. Finally, KBC Group NV boosted its holdings in shares of Advance Auto Parts by 29.1% during the third quarter. KBC Group NV now owns 1,749 shares of the company's stock worth $68,000 after acquiring an additional 394 shares during the period. Institutional investors and hedge funds own 88.75% of the company's stock.

Insider Buying and Selling at Advance Auto Parts

In other news, CEO Shane M. Okelly purchased 1,500 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $36.79 per share, with a total value of $55,185.00. Following the purchase, the chief executive officer now directly owns 183,121 shares of the company's stock, valued at $6,737,021.59. This trade represents a 0.83 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Eugene I. Lee, Jr. bought 14,640 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $34.15 per share, for a total transaction of $499,956.00. Following the transaction, the director now owns 34,070 shares of the company's stock, valued at $1,163,490.50. The trade was a 75.35 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company's stock.

Advance Auto Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, April 11th. Advance Auto Parts's dividend payout ratio is -17.86%.

Advance Auto Parts Company Profile

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.