Wedbush Equities Analysts Cut Earnings Estimates for AAP

Advance Auto Parts, Inc. (NYSE:AAP - Free Report) - Stock analysts at Wedbush decreased their Q2 2025 earnings per share estimates for Advance Auto Parts in a report released on Thursday, February 27th. Wedbush analyst S. Basham now forecasts that the company will post earnings per share of $0.86 for the quarter, down from their previous forecast of $0.93. Wedbush has a "Outperform" rating and a $55.00 price target on the stock. The consensus estimate for Advance Auto Parts' current full-year earnings is ($0.46) per share. Wedbush also issued estimates for Advance Auto Parts' FY2026 earnings at $3.91 EPS.

Several other equities research analysts also recently weighed in on the company. Royal Bank of Canada cut their price objective on Advance Auto Parts from $50.00 to $44.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Wells Fargo & Company raised their target price on 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. The Goldman Sachs Group reduced their price target on Advance Auto Parts from $60.00 to $43.00 and set a "neutral" rating on the stock in a research report on Friday, November 15th. DA Davidson restated a "neutral" rating and set a $45.00 price objective on shares of Advance Auto Parts in a research report on Friday, November 15th. Finally, BMO Capital Markets reduced their target price 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 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $46.69.

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Advance Auto Parts Price Performance

Shares of AAP traded down $0.76 during mid-day trading on Friday, reaching $34.65. The company had a trading volume of 3,015,753 shares, compared to its average volume of 2,181,968. The company's 50 day simple moving average is $45.71 and its 200 day simple moving average is $43.31. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 47.46, a P/E/G ratio of 1.98 and a beta of 1.15. Advance Auto Parts has a 1-year low of $34.57 and a 1-year high of $88.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.89%. Advance Auto Parts's dividend payout ratio (DPR) is presently -17.86%.

Insider Activity

In other news, EVP Tammy M. Finley sold 1,276 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $44.06, for a total transaction of $56,220.56. Following the completion of the sale, the executive vice president now owns 24,266 shares in the company, valued at $1,069,159.96. This trade represents a 5.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.35% of the company's stock.

Hedge Funds Weigh In On Advance Auto Parts

Several institutional investors and hedge funds have recently bought and sold shares of AAP. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Advance Auto Parts in the third quarter valued at $14,684,000. Wolverine Asset Management LLC increased its holdings in Advance Auto Parts by 212.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 31,357 shares of the company's stock worth $1,223,000 after acquiring an additional 21,320 shares during the last quarter. Blue Trust Inc. increased its holdings in Advance Auto Parts by 75.9% in the 4th quarter. Blue Trust Inc. now owns 2,119 shares of the company's stock worth $100,000 after acquiring an additional 914 shares during the last quarter. Quest Partners LLC bought a new stake in Advance Auto Parts in the 3rd quarter valued at about $579,000. Finally, Moody National Bank Trust Division purchased a new stake in Advance Auto Parts during the fourth quarter valued at about $1,196,000. 88.75% of the stock is owned by institutional investors.

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.