122,075 Shares in Advance Auto Parts, Inc. $AAP Bought by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors acquired 122,075 shares of Advance Auto Parts in the second quarter, valued at approximately $7.6 million and representing a 0.20% stake.
• Advance Auto Parts beat second-quarter adjusted EPS expectations, reporting $1.03 versus $0.81 expected, and raised its FY2026 adjusted EPS guidance to $2.60–$3.30.
• Sales trends remain a concern: quarterly revenue missed estimates at roughly $2.0 billion, comparable-store sales declined 0.5%, and analysts largely maintain Hold ratings amid execution risks.

Ceredex Value Advisors LLC purchased a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 122,075 shares of the company's stock, valued at approximately $7,596,000. Ceredex Value Advisors LLC owned 0.20% of Advance Auto Parts as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Advance Auto Parts during the third quarter worth about $31,000. State of Wyoming acquired a new position in Advance Auto Parts in the 2nd quarter worth approximately $34,000. AlphaCore Capital LLC raised its position in Advance Auto Parts by 53.6% during the 4th quarter. AlphaCore Capital LLC now owns 883 shares of the company's stock worth $35,000 after buying an additional 308 shares during the last quarter. Hantz Financial Services Inc. raised its position in Advance Auto Parts by 184.5% during the 4th quarter. Hantz Financial Services Inc. now owns 919 shares of the company's stock worth $36,000 after buying an additional 596 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Advance Auto Parts by 290.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 925 shares of the company's stock valued at $43,000 after acquiring an additional 688 shares during the period. Hedge funds and other institutional investors own 88.70% of the company's stock.

More Advance Auto Parts News

Here are the key news stories impacting Advance Auto Parts this week:

• Positive Sentiment: Adjusted earnings beat expectations. Advance Auto Parts reported second-quarter adjusted EPS of $1.03, above the $0.81 consensus estimate and up from $0.69 a year earlier. The company also raised its FY2026 adjusted EPS guidance to $2.60–$3.30, while maintaining its sales outlook. Advance Auto Parts Analysts Cut Their Forecasts After Q2 Results
• Positive Sentiment: Margins and balance-sheet metrics improved. A $26 million tariff refund helped support quarterly margins, while gross margin expanded to 46.2% from 43.5% a year earlier. Advance also reduced net leverage to 2.1x from 2.4x and repaid approximately $30 million of debt. Advance Auto Parts Rebounds After Tariff Refund Boosts Q2 Margins
• Neutral Sentiment: Analyst targets remain mixed. JPMorgan lowered its target to $55, Morgan Stanley and RBC each moved to $52, and Citigroup cut its target to $45; all maintained neutral or equivalent ratings. These targets imply upside from recent levels, but Goldman Sachs reduced its target to $40 and assigned a Sell rating. Benzinga analyst updates
• Neutral Sentiment: The dividend provides shareholder support. Advance Auto Parts declared a quarterly dividend of $0.25 per share, with payment scheduled for October 23 to shareholders of record on October 9. The dividend yield is approximately 2.4%.
• Negative Sentiment: Sales momentum remains the main concern. Second-quarter revenue of approximately $2.0 billion missed estimates near $2.04 billion, while comparable-store sales declined 0.5%. Weak demand from cost-conscious, lower-income do-it-yourself customers and a volatile spending environment raised concerns about the pace of sales acceleration and required reinvestment. Advance Auto Parts Posts Disappointing Q2 Comparable Sales
• Negative Sentiment: Broad target reductions underscore execution risk. Goldman Sachs’s Sell rating and Bank of America’s reiterated Sell/Underperform view highlight concerns over weak DIY demand and the company’s ability to execute its turnaround, even after the earnings beat. Bank of America Reiterates Sell Rating

Analyst Upgrades and Downgrades

AAP has been the topic of a number of research reports. BMO Capital Markets reiterated a "market perform" rating on shares of Advance Auto Parts in a research note on Friday. Mizuho boosted their target price on shares of Advance Auto Parts from $54.00 to $58.00 and gave the company a "neutral" rating in a research report on Tuesday, May 26th. TD Cowen lowered their price target on shares of Advance Auto Parts from $61.00 to $45.00 and set a "hold" rating on the stock in a report on Thursday. Weiss Ratings raised Advance Auto Parts from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, May 29th. Finally, Roth Capital set a $48.00 price objective on Advance Auto Parts in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $50.80.

Advance Auto Parts Stock Performance

Shares of AAP stock opened at $42.85 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.85 and a debt-to-equity ratio of 1.50. Advance Auto Parts, Inc. has a 12-month low of $37.89 and a 12-month high of $65.21. The business's 50 day moving average is $56.58 and its two-hundred day moving average is $55.35. The company has a market capitalization of $2.59 billion, a P/E ratio of 31.28, a P/E/G ratio of 0.71 and a beta of 1.03.

Advance Auto Parts (NYSE:AAP - Get Free Report) last posted its quarterly earnings data on Thursday, August 20th. The company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.22. The business had revenue of $2 billion during the quarter, compared to analysts' expectations of $2.04 billion. Advance Auto Parts had a return on equity of 9.84% and a net margin of 0.97%.The business's revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. Analysts expect that Advance Auto Parts, Inc. will post 2.9 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, October 9th. Advance Auto Parts's payout ratio is presently 72.99%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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