Advance Auto Parts (AAP) to Release Earnings on Thursday

Advance Auto Parts (NYSE:AAP - Get Free Report) is expected to announce its Q1 2025 earnings results before the market opens on Thursday, May 22nd. Analysts expect the company to announce earnings of ($0.77) per share and revenue of $2.51 billion for the quarter.

Advance Auto Parts Stock Up 1.7%

AAP stock traded up $0.57 during midday trading on Friday, hitting $34.99. The company's stock had a trading volume of 2,399,325 shares, compared to its average volume of 2,280,687. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62. Advance Auto Parts has a twelve month low of $28.89 and a twelve month high of $74.59. The company's fifty day moving average price is $34.44 and its 200 day moving average price is $40.30. The stock has a market capitalization of $2.09 billion, a P/E ratio of 47.93, a PEG ratio of 1.98 and a beta of 0.93.

Insiders Place Their Bets

In related news, CEO Shane M. Okelly acquired 1,500 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $36.79 per share, for a total transaction of $55,185.00. Following the completion of the transaction, the chief executive officer now directly owns 183,121 shares of the company's stock, valued at approximately $6,737,021.59. The trade was a 0.83% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eugene I. Lee, Jr. acquired 14,640 shares of the business's stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $34.15 per share, with a total value of $499,956.00. Following the completion of the transaction, the director now directly owns 34,070 shares of the company's stock, valued at approximately $1,163,490.50. The trade was a 75.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company's stock.

Institutional Investors Weigh In On Advance Auto Parts

An institutional investor recently raised its position in Advance Auto Parts stock. Royal Bank of Canada increased its holdings in Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 107.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,558 shares of the company's stock after buying an additional 41,157 shares during the period. Royal Bank of Canada owned 0.13% of Advance Auto Parts worth $3,119,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 88.75% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AAP shares. BMO Capital Markets lowered their price target on shares of Advance Auto Parts from $45.00 to $40.00 and set a "market perform" rating on the stock in a research note on Thursday, February 27th. Wedbush reiterated an "outperform" rating and issued a $55.00 price target on shares of Advance Auto Parts in a research note on Monday, March 3rd. Royal Bank of Canada lowered their price target on shares of Advance Auto Parts from $50.00 to $44.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. Truist Financial decreased their price objective on shares of Advance Auto Parts from $39.00 to $34.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Finally, Evercore ISI decreased their price objective on shares of Advance Auto Parts from $37.00 to $35.00 and set an "in-line" rating for the company in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $45.13.

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.