Pursue Wealth Partners LLC Makes New Investment in Advance Auto Parts, Inc. $AAP

Key Points

• Pursue Wealth Partners acquired 23,501 shares of Advance Auto Parts worth approximately $1.46 million during the second quarter. Institutional investors collectively own 88.7% of the company.
• Analysts remain largely cautious, with 17 Hold ratings, two Buy ratings, and one Sell rating. The consensus rating is Hold, with an average price target of $58.91.
• Advance Auto Parts reported quarterly EPS of $0.77, beating the $0.39 consensus estimate, while revenue reached $2.61 billion and rose 1.2% year over year. The company maintained fiscal 2026 EPS guidance of $2.40 to $3.10.

Pursue Wealth Partners LLC purchased a new stake in shares of Advance Auto Parts, Inc. (NYSE:AAP - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,501 shares of the company's stock, valued at approximately $1,462,000.

Other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Advance Auto Parts by 18.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,474,546 shares of the company's stock worth $293,751,000 after acquiring an additional 1,190,094 shares during the period. Pzena Investment Management LLC increased its stake in shares of Advance Auto Parts by 8.2% during the first quarter. Pzena Investment Management LLC now owns 4,301,089 shares of the company's stock valued at $226,882,000 after acquiring an additional 327,596 shares during the period. Federated Hermes Inc. raised its holdings in Advance Auto Parts by 4.4% during the fourth quarter. Federated Hermes Inc. now owns 2,811,675 shares of the company's stock worth $110,499,000 after purchasing an additional 117,648 shares in the last quarter. State Street Corp lifted its position in Advance Auto Parts by 3.9% in the fourth quarter. State Street Corp now owns 2,499,981 shares of the company's stock worth $98,249,000 after purchasing an additional 92,861 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Advance Auto Parts by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,127,948 shares of the company's stock valued at $112,243,000 after purchasing an additional 282,591 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AAP shares. TD Cowen reissued a "hold" rating on shares of Advance Auto Parts in a research note on Friday, May 22nd. BMO Capital Markets lifted their target price on Advance Auto Parts from $60.00 to $65.00 and gave the stock a "market perform" rating in a report on Friday, May 22nd. Evercore set a $65.00 price target on shares of Advance Auto Parts in a research report on Tuesday, August 4th. Truist Financial upped their price target on shares of Advance Auto Parts from $55.00 to $62.00 and gave the company a "hold" rating in a report on Thursday, May 21st. Finally, The Goldman Sachs Group raised their price objective on shares of Advance Auto Parts from $49.00 to $54.00 and gave the company a "sell" rating in a research report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $58.91.

Advance Auto Parts Price Performance

NYSE AAP opened at $56.85 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 0.85 and a debt-to-equity ratio of 1.54. Advance Auto Parts, Inc. has a 1 year low of $37.89 and a 1 year high of $65.21. The company has a market cap of $3.43 billion, a PE ratio of 78.96, a PEG ratio of 0.93 and a beta of 1.03. The stock's 50-day moving average price is $57.42 and its two-hundred day moving average price is $55.36.

Advance Auto Parts (NYSE:AAP - Get Free Report) last announced its earnings results on Thursday, May 21st. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.39 by $0.38. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. The company had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.05 billion. During the same period last year, the company posted $0.40 earnings per share. The business's revenue for the quarter was up 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. On average, analysts predict that Advance Auto Parts, Inc. will post 2.94 EPS for the current year.

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.

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