Zacks Research Issues Negative Forecast for AAP Earnings

Advance Auto Parts, Inc. (NYSE:AAP - Free Report) - Research analysts at Zacks Research reduced their Q1 2025 EPS estimates for shares of Advance Auto Parts in a research note issued to investors on Wednesday, December 11th. Zacks Research analyst L. Shahu now anticipates that the company will post earnings per share of $0.07 for the quarter, down from their prior estimate of $0.20. The consensus estimate for Advance Auto Parts' current full-year earnings is ($0.54) per share. Zacks Research also issued estimates for Advance Auto Parts' Q2 2025 earnings at $0.28 EPS and FY2025 earnings at $1.24 EPS.

A number of other analysts have also commented on the stock. Evercore ISI lifted their price target on shares of Advance Auto Parts from $45.00 to $60.00 and gave the stock a "hold" rating in a research note on Wednesday, November 20th. DA Davidson restated a "neutral" rating and set a $45.00 target price 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. They set a "market perform" rating and a $45.00 target price for the company. Mizuho restated a "neutral" rating and set a $38.00 target price (down from $45.00) on shares of Advance Auto Parts in a research report on Thursday, September 12th. Finally, Wells Fargo & Company cut their target price on shares of Advance Auto Parts from $50.00 to $40.00 and set an "equal weight" rating for the company in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Advance Auto Parts presently has a consensus rating of "Hold" and an average price target of $48.40.

Advance Auto Parts Stock Performance

Shares of AAP stock traded up $0.12 during trading hours on Monday, reaching $43.98. The company had a trading volume of 1,632,853 shares, compared to its average volume of 2,080,023. The business has a fifty day moving average price of $40.34 and a 200-day moving average price of $49.75. Advance Auto Parts has a one year low of $35.59 and a one year high of $88.56. The firm has a market cap of $2.63 billion, a PE ratio of 60.25 and a beta of 1.21. 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 (NYSE:AAP - Get Free Report) last announced 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). 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 during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the firm earned ($0.82) earnings per share. The business's revenue was down 3.2% compared to the same quarter last year.

Institutional Investors Weigh In On Advance Auto Parts

A number of hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in Advance Auto Parts during the third quarter valued at $1,117,000. Savoie Capital LLC increased its position in Advance Auto Parts by 117.2% during the third quarter. Savoie Capital LLC now owns 69,500 shares of the company's stock valued at $2,710,000 after acquiring an additional 37,500 shares during the last quarter. XTX Topco Ltd bought a new position in Advance Auto Parts during the third quarter valued at $503,000. Redwood Investment Management LLC increased its position in Advance Auto Parts by 26.4% during the third quarter. Redwood Investment Management LLC now owns 10,858 shares of the company's stock valued at $449,000 after acquiring an additional 2,269 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. bought a new position in Advance Auto Parts during the third quarter valued at $9,046,000. Hedge funds and other institutional investors own 88.75% of the company's stock.

Insider Transactions at Advance Auto Parts

In related news, EVP Tammy M. Finley sold 1,276 shares of the company's stock in a transaction 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 sale, the executive vice president now owns 24,266 shares of the company's stock, valued at $1,069,159.96. This represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.35% of the company's stock.

Advance Auto Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Friday, January 10th. Advance Auto Parts's dividend payout ratio (DPR) is presently 136.99%.

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.