Q4 EPS Forecast for Advance Auto Parts Boosted by Analyst

Advance Auto Parts, Inc. (NYSE:AAP - Free Report) - Equities research analysts at Zacks Research lifted their Q4 2026 EPS estimates for shares of Advance Auto Parts in a research note issued on Wednesday, January 15th. Zacks Research analyst R. Department now expects that the company will earn $0.74 per share for the quarter, up from their previous estimate of $0.63. The consensus estimate for Advance Auto Parts' current full-year earnings is ($0.52) per share.

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

Several other analysts have also recently commented on the company. Roth Capital upgraded Advance Auto Parts to a "hold" rating in a report on Tuesday, October 15th. Wells Fargo & Company upped their price target on shares of Advance Auto Parts from $40.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Wedbush restated an "outperform" rating and issued a $55.00 price objective on shares of Advance Auto Parts in a research report on Friday, November 15th. BMO Capital Markets began coverage on shares of Advance Auto Parts in a research report on Friday, December 13th. They set a "market perform" rating and a $45.00 target price on the stock. Finally, UBS Group raised their price target on shares of Advance Auto Parts from $42.00 to $44.00 and gave the company a "neutral" rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Advance Auto Parts currently has a consensus rating of "Hold" and an average price target of $47.93.

Advance Auto Parts Price Performance

NYSE AAP traded up $1.39 during trading hours on Thursday, reaching $45.76. 758,822 shares of the company's stock were exchanged, compared to its average volume of 1,788,028. The firm has a fifty day moving average of $43.48 and a 200-day moving average of $46.85. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. Advance Auto Parts has a one year low of $35.59 and a one year high of $88.56. The stock has a market cap of $2.73 billion, a PE ratio of 62.69, a price-to-earnings-growth ratio of 2.15 and a beta of 1.16.

Advance Auto Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, January 10th. Advance Auto Parts's dividend payout ratio is presently 136.99%.

Insider Buying and Selling at Advance Auto Parts

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $44.06, for a total transaction of $56,220.56. Following the sale, the executive vice president now directly owns 24,266 shares of the company's stock, valued at $1,069,159.96. The trade was a 5.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.35% of the company's stock.

Institutional Investors Weigh In On Advance Auto Parts

Several hedge funds have recently bought and sold shares of AAP. Pzena Investment Management LLC lifted its stake in shares of Advance Auto Parts by 140.3% during the 3rd quarter. Pzena Investment Management LLC now owns 2,908,658 shares of the company's stock worth $113,409,000 after buying an additional 1,698,155 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Advance Auto Parts by 76.2% during the second 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 during the last quarter. Dorsal Capital Management LP grew its position in shares of Advance Auto Parts by 159.7% in the second quarter. Dorsal Capital Management LP now owns 1,250,000 shares of the company's stock valued at $79,162,000 after purchasing an additional 768,664 shares during the last quarter. Royce & Associates LP grew its position in shares of Advance Auto Parts by 31.7% in the third quarter. Royce & Associates LP now owns 1,075,587 shares of the company's stock valued at $41,937,000 after purchasing an additional 258,656 shares during the last quarter. Finally, Legion Partners Asset Management LLC increased its stake in shares of Advance Auto Parts by 1.7% during the second quarter. Legion Partners Asset Management LLC now owns 786,250 shares of the company's stock worth $49,793,000 after purchasing an additional 13,300 shares during the period. 88.75% of the stock is currently owned by institutional investors and hedge funds.

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.