Advance Auto Parts, Inc. $AAP Shares Sold by Gamco Investors INC. ET AL

Key Points

• Gamco Investors trimmed its position in Advance Auto Parts by 10% in Q3, selling 56,218 shares and retaining 508,007 shares (about 0.85%) valued at roughly $31.19 million.
• Strong quarterly results: AAP reported $0.86 EPS vs. $0.41 expected on $1.97 billion in revenue and set FY2026 guidance of $2.40–$3.10 EPS, though analysts still project -0.46 EPS for the current year.
• The company declared a quarterly dividend of $0.25 (annualized $1.00, ~2.0% yield), while the stock trades with a high P/E (~68.8), $3.02 billion market cap, and a MarketBeat consensus rating of "Reduce" (average target $52.93).

Gamco Investors INC. ET AL lessened its position in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 10.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 508,007 shares of the company's stock after selling 56,218 shares during the quarter. Gamco Investors INC. ET AL owned about 0.85% of Advance Auto Parts worth $31,192,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Cramer Rosenthal Mcglynn LLC acquired a new position in Advance Auto Parts in the third quarter valued at approximately $3,950,000. Crossmark Global Holdings Inc. increased its stake in Advance Auto Parts by 47.7% during the third quarter. Crossmark Global Holdings Inc. now owns 6,491 shares of the company's stock worth $399,000 after acquiring an additional 2,097 shares during the last quarter. American Century Companies Inc. increased its stake in Advance Auto Parts by 559.0% during the third quarter. American Century Companies Inc. now owns 1,519,591 shares of the company's stock worth $93,303,000 after acquiring an additional 1,288,986 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Advance Auto Parts in the third quarter valued at $437,000. Finally, Choreo LLC purchased a new stake in Advance Auto Parts in the third quarter valued at $301,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Advance Auto Parts Trading Down 2.1%

Shares of NYSE AAP opened at $50.20 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $3.02 billion, a PE ratio of 68.77, a PEG ratio of 0.68 and a beta of 1.11. Advance Auto Parts, Inc. has a twelve month low of $28.89 and a twelve month high of $70.00. The stock has a fifty day simple moving average of $48.80 and a 200-day simple moving average of $52.00.

Advance Auto Parts (NYSE:AAP - Get Free Report) last posted its earnings results on Friday, February 13th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.45. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the company earned ($10.16) EPS. Advance Auto Parts's revenue was down 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. On average, equities analysts forecast that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current year.

Advance Auto Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, April 10th. Advance Auto Parts's dividend payout ratio is currently 136.99%.

Analyst Ratings Changes

AAP has been the subject of a number of research analyst reports. DA Davidson set a $58.00 price target on Advance Auto Parts in a report on Tuesday, February 17th. UBS Group restated a "neutral" rating on shares of Advance Auto Parts in a report on Monday, February 9th. BMO Capital Markets increased their target price on shares of Advance Auto Parts from $55.00 to $60.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Advance Auto Parts in a research note on Wednesday, January 21st. Finally, Citigroup upgraded shares of Advance Auto Parts from a "hold" rating to a "buy" rating in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $52.93.

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.

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