What is Zacks Research's Forecast for AAP Q1 Earnings?

Advance Auto Parts, Inc. (NYSE:AAP - Free Report) - Analysts at Zacks Research decreased their Q1 2025 earnings per share (EPS) estimates for Advance Auto Parts in a research report issued on Wednesday, March 12th. Zacks Research analyst R. Department now anticipates that the company will post earnings of ($0.65) per share for the quarter, down from their previous estimate of $0.07. 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' Q2 2025 earnings at $0.86 EPS, Q3 2025 earnings at $0.99 EPS, Q4 2025 earnings at $0.66 EPS, FY2025 earnings at $1.86 EPS and Q2 2026 earnings at $0.92 EPS.

A number of other research analysts also recently issued reports on the company. Wells Fargo & Company boosted their price target on Advance Auto Parts from $40.00 to $45.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Truist Financial lowered their price objective on Advance Auto Parts from $39.00 to $34.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Wedbush reaffirmed an "outperform" rating and issued a $55.00 price objective on shares of Advance Auto Parts in a research report on Monday, March 3rd. Citigroup lowered their price target on Advance Auto Parts from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Finally, BMO Capital Markets lowered their price target on Advance Auto Parts from $45.00 to $40.00 and set a "market perform" rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Advance Auto Parts currently has an average rating of "Hold" and a consensus target price of $45.13.

Remove Ads

Advance Auto Parts Trading Down 0.3 %

Shares of AAP traded down $0.13 during trading hours on Friday, hitting $37.71. The company had a trading volume of 1,538,836 shares, compared to its average volume of 2,115,850. Advance Auto Parts has a 52-week low of $33.08 and a 52-week high of $88.56. The firm has a market cap of $2.25 billion, a P/E ratio of 51.66, a P/E/G 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. The stock's 50 day moving average price is $43.80 and its 200 day moving average price is $42.09.

Institutional Investors Weigh In On Advance Auto Parts

Several institutional investors and hedge funds have recently made changes to their positions in AAP. Versant Capital Management Inc lifted its stake in shares of 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 period. Allworth Financial LP lifted its stake 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 buying an additional 818 shares during the period. Vision Financial Markets LLC acquired a new stake in shares of Advance Auto Parts during the fourth quarter worth $42,000. Advisory Services Network LLC acquired a new stake in shares of Advance Auto Parts during the fourth quarter worth $46,000. Finally, KBC Group NV lifted its stake 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 buying an additional 394 shares during the period. 88.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Advance Auto Parts

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

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.65%. The ex-dividend date is Friday, April 11th. Advance Auto Parts's payout ratio is -17.86%.

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.