Advance Auto Parts (NYSE:AAP) Issues Earnings Results, Beats Expectations By $0.38 EPS

Advance Auto Parts (NYSE:AAP) issued its quarterly earnings data on Thursday. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.38, FiscalAI reports. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%. Advance Auto Parts updated its FY 2026 guidance to 2.400-3.100 EPS.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $51.22 on Thursday. The business’s 50-day moving average price is $53.69 and its two-hundred day moving average price is $50.29. Advance Auto Parts has a twelve month low of $31.28 and a twelve month high of $70.00. The stock has a market cap of $3.09 billion, a P/E ratio of 70.16, a PEG ratio of 0.87 and a beta of 1.06. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 1.55.

Analyst Upgrades and Downgrades

AAP has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on Advance Auto Parts from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. Truist Financial dropped their price objective on Advance Auto Parts from $57.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, May 13th. BMO Capital Markets increased their price objective on Advance Auto Parts from $55.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, February 17th. Roth Mkm reissued a “neutral” rating and set a $57.00 price objective on shares of Advance Auto Parts in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. dropped their price objective on Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $52.72.

Institutional Trading of Advance Auto Parts

Institutional investors and hedge funds have recently modified their holdings of the business. Rafferty Asset Management LLC raised its holdings in shares of Advance Auto Parts by 28.4% in the 4th quarter. Rafferty Asset Management LLC now owns 7,446 shares of the company’s stock valued at $293,000 after acquiring an additional 1,646 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Advance Auto Parts by 8.2% in the 4th quarter. Bank of Montreal Can now owns 9,859 shares of the company’s stock valued at $387,000 after acquiring an additional 745 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Advance Auto Parts in the 3rd quarter valued at about $393,000. Advisory Services Network LLC purchased a new stake in shares of Advance Auto Parts in the 3rd quarter valued at about $133,000. Finally, Glenmede Investment Management LP purchased a new stake in shares of Advance Auto Parts in the 3rd quarter valued at about $295,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.