Zacks Research Has Positive Outlook for AAP Q1 Earnings

Advance Auto Parts, Inc. (NYSE:AAP - Free Report) - Investment analysts at Zacks Research upped their Q1 2026 earnings per share estimates for shares of Advance Auto Parts in a research note issued on Monday, July 14th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $0.62 for the quarter, up from their previous estimate of $0.61. The consensus estimate for Advance Auto Parts' current full-year earnings is ($0.46) per share. Zacks Research also issued estimates for Advance Auto Parts' Q3 2026 earnings at $0.92 EPS, Q4 2026 earnings at $0.90 EPS, FY2026 earnings at $3.21 EPS, Q1 2027 earnings at $1.16 EPS, Q2 2027 earnings at $1.00 EPS and FY2027 earnings at $4.23 EPS.

Advance Auto Parts (NYSE:AAP - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The company reported ($0.22) earnings per share for the quarter, beating analysts' consensus estimates of ($0.81) by $0.59. Advance Auto Parts had a negative return on equity of 1.76% and a negative net margin of 3.74%. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter last year, the company earned $0.67 EPS. The firm's revenue for the quarter was down 24.2% on a year-over-year basis.

Several other brokerages also recently commented on AAP. Cowen restated a "hold" rating on shares of Advance Auto Parts in a research report on Friday, May 23rd. Mizuho boosted their target price on Advance Auto Parts from $38.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Evercore ISI boosted their target price on Advance Auto Parts from $50.00 to $52.00 and gave the stock an "in-line" rating in a research report on Tuesday, June 24th. Roth Capital set a $50.00 target price on Advance Auto Parts and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Finally, Raymond James Financial boosted their target price on Advance Auto Parts to $49.17 and gave the stock a "hold" rating in a research report on Monday, May 26th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $46.53.

Advance Auto Parts Stock Performance

NYSE AAP traded down $1.15 on Thursday, hitting $61.14. 2,803,431 shares of the company traded hands, compared to its average volume of 2,624,233. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of -10.42 and a beta of 1.04. The company has a current ratio of 1.27, a quick ratio of 0.49 and a debt-to-equity ratio of 0.68. The business's 50 day moving average price is $48.55 and its 200-day moving average price is $42.94. Advance Auto Parts has a 52-week low of $28.89 and a 52-week high of $64.84.

Advance Auto Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.64%. Advance Auto Parts's dividend payout ratio is presently -17.04%.

Insider Activity at Advance Auto Parts

In other news, SVP Jason Hand sold 948 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $48.52, for a total transaction of $45,996.96. Following the completion of the sale, the senior vice president owned 9,876 shares in the company, valued at approximately $479,183.52. This represents a 8.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company's stock.

Institutional Trading of Advance Auto Parts

Several hedge funds and other institutional investors have recently made changes to their positions in AAP. Eminence Capital LP acquired a new position in shares of Advance Auto Parts in the 4th quarter valued at $87,214,000. Price T Rowe Associates Inc. MD increased its position in shares of Advance Auto Parts by 34.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,685,541 shares of the company's stock valued at $316,160,000 after acquiring an additional 1,706,328 shares during the period. Cooper Creek Partners Management LLC acquired a new position in shares of Advance Auto Parts in the 4th quarter valued at $75,055,000. Marshall Wace LLP increased its position in shares of Advance Auto Parts by 2,585.1% in the 4th quarter. Marshall Wace LLP now owns 1,353,912 shares of the company's stock valued at $64,026,000 after acquiring an additional 1,303,488 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in shares of Advance Auto Parts by 2,662.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,293,205 shares of the company's stock valued at $61,156,000 after acquiring an additional 1,246,384 shares during the period. Hedge funds and other institutional investors own 88.75% of the company's stock.

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.