PEAK6 LLC Buys Shares of 29,200 Advance Auto Parts, Inc. $AAP

Key Points

• PEAK6 LLC purchased 29,200 shares of Advance Auto Parts during the second quarter, valued at approximately $1.82 million. Institutional investors collectively own 88.7% of the company.
• Advance Auto Parts beat second-quarter adjusted EPS expectations, reporting $1.03 versus the $0.81 consensus, while raising its FY2026 adjusted EPS guidance to $2.60–$3.30. Margins and leverage also improved, aided partly by a $26 million tariff refund.
• Sales trends and turnaround execution remain concerns: quarterly revenue missed estimates and comparable-store sales fell 0.5%. Analysts maintain a consensus “Hold” rating, with multiple firms cutting price targets and an average target of $50.80.

PEAK6 LLC purchased a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 29,200 shares of the company's stock, valued at approximately $1,817,000.

Several other large investors also recently added to or reduced their stakes in AAP. Allworth Financial LP bought a new position in Advance Auto Parts during the second quarter worth about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Advance Auto Parts during the 3rd quarter valued at approximately $31,000. State of Wyoming purchased a new stake in shares of Advance Auto Parts during the 2nd quarter valued at approximately $34,000. AlphaCore Capital LLC boosted its holdings in Advance Auto Parts by 53.6% in 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 period. Finally, Hantz Financial Services Inc. boosted its holdings in Advance Auto Parts by 184.5% in 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 period. Hedge funds and other institutional investors own 88.70% of the company's stock.

Trending Headlines about Advance Auto Parts

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 Ratings Changes

A number of research analysts recently weighed in on AAP shares. JPMorgan Chase & Co. lowered their target price on shares of Advance Auto Parts from $65.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday. Barclays reduced their price target on Advance Auto Parts from $59.00 to $50.00 and set an "equal weight" rating for the company in a research report on Friday. Morgan Stanley decreased their price objective on Advance Auto Parts from $65.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Friday. Truist Financial set a $43.00 price objective on Advance Auto Parts and gave the stock a "hold" rating in a report on Thursday. Finally, Citigroup cut their target price on Advance Auto Parts from $57.00 to $45.00 and set a "neutral" rating for the company in a research note on Friday. Two analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $50.80.

Advance Auto Parts Stock Up 0.6%

Shares of NYSE:AAP opened at $42.85 on Monday. The firm has a fifty day moving average price of $56.58 and a two-hundred day moving average price of $55.39. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.75 and a quick ratio of 0.85. Advance Auto Parts, Inc. has a one year low of $37.89 and a one year high of $65.21. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 0.69 and a beta of 1.03.

Advance Auto Parts (NYSE:AAP - Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.22. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.04 billion. Advance Auto Parts had a net margin of 0.97% and a return on equity of 9.84%. The business's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. Analysts anticipate that Advance Auto Parts, Inc. will post 2.97 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

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

Advance Auto Parts 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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