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S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
Laser breakthrough could send stock soaring 2,467% (Ad)
FuelCell Is Back To Realistic Valuation
New Mexico reaches $500M settlement with Walgreens in opioid case
Laser breakthrough could send stock soaring 2,467% (Ad)
Nigeria's central bank chief arrested after being suspended by president
American Airlines, JetBlue seek to keep some ties despite losing antitrust case
Our #1 Laser Stock for May (Ad)
North Dakota tribe buys idle oil pipeline from Enbridge
Ukrainian President Volodymyr Zelenskyy says ‘counteroffensive, defensive actions’ taking place in war with Russia
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
Laser breakthrough could send stock soaring 2,467% (Ad)
FuelCell Is Back To Realistic Valuation
New Mexico reaches $500M settlement with Walgreens in opioid case
Laser breakthrough could send stock soaring 2,467% (Ad)
Nigeria's central bank chief arrested after being suspended by president
American Airlines, JetBlue seek to keep some ties despite losing antitrust case
Our #1 Laser Stock for May (Ad)
North Dakota tribe buys idle oil pipeline from Enbridge
Ukrainian President Volodymyr Zelenskyy says ‘counteroffensive, defensive actions’ taking place in war with Russia
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
Laser breakthrough could send stock soaring 2,467% (Ad)
FuelCell Is Back To Realistic Valuation
New Mexico reaches $500M settlement with Walgreens in opioid case
Laser breakthrough could send stock soaring 2,467% (Ad)
Nigeria's central bank chief arrested after being suspended by president
American Airlines, JetBlue seek to keep some ties despite losing antitrust case
Our #1 Laser Stock for May (Ad)
North Dakota tribe buys idle oil pipeline from Enbridge
Ukrainian President Volodymyr Zelenskyy says ‘counteroffensive, defensive actions’ taking place in war with Russia

Advance Auto Parts (AAP) Stock Forecast, Price & News

$63.58
-1.16 (-1.79%)
(As of 06/9/2023 ET)
Compare
Today's Range
$63.56
$64.88
50-Day Range
$63.58
$128.37
52-Week Range
$63.56
$212.25
Volume
3.31 million shs
Average Volume
3.39 million shs
Market Capitalization
$3.78 billion
P/E Ratio
9.45
Dividend Yield
9.44%
Price Target
$103.89

Advance Auto Parts MarketRank™ Forecast

Analyst Rating
Hold
2.16 Rating Score
Upside/​Downside
63.4% Upside
$103.89 Price Target
Short Interest
Healthy
3.62% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.79
Upright™ Environmental Score
News Sentiment
0.10mentions of Advance Auto Parts in the last 14 days
Based on 24 Articles This Week
Insider Trading
Acquiring Shares
$32,950 Bought Last Quarter
Proj. Earnings Growth
24.65%
From $6.45 to $8.04 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.47 out of 5 stars

Retail/Wholesale Sector

5th out of 204 stocks

Auto & Home Supply Stores Industry

1st out of 6 stocks


AAP stock logo

About Advance Auto Parts (NYSE:AAP) Stock

Advance Auto Parts, Inc. is a leading American automotive aftermarket parts provider. Headquartered in Raleigh, North Carolina, the company serves professional installers and do-it-yourself (DIY) customers. With a vast network of stores and branches, Advance Auto Parts offers a wide range of brand name, original equipment manufacturer (OEM), and private label automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy-duty trucks.

Advance Auto Parts' mission is to be the trusted partner for automotive care. They aim to provide their customers with high-quality products, exceptional service, and expert advice to keep their vehicles running smoothly. With over 4,900 stores and 150 Worldpac branches in the United States and Canada, the company has a strong presence in the automotive aftermarket industry. Additionally, Advance Auto Parts serves 1,250 independently owned Carquest-branded stores across various regions.

The management team at Advance Auto Parts plays a crucial role in driving the company's strategy and ensuring its operational success. The President and Chief Executive Officer (CEO) of Advance Auto Parts is Thomas R. Greco. As the CEO, Greco brings a wealth of experience in the retail industry and has been instrumental in leading the company's growth and expansion. The management team's collective expertise and diverse backgrounds contribute to the overall success of Advance Auto Parts and its ability to meet the needs of its customers and stakeholders.

Advance Auto Parts has achieved excellent revenue growth over the years. Additionally, the company has demonstrated healthy profit margins, with net margins of 3.61%. These figures highlight the company's ability to generate profits and sustain operations in a competitive market.

Significant price movements or changes in trading volume can indicate shifts in investor sentiment and market dynamics. For example, the company's earnings increased during the pandemic as millions received stimulus checks and used that money to repair their vehicles. However, at the end of the pandemic, the stock price dropped as millions of people no longer had that disposable income. This price drop was exacerbated as market sentiment turned negative over missed earnings numbers. 

Advance Auto Parts operates in the auto parts retail industry, which is highly competitive and subject to various trends and dynamics. The industry serves a broad customer base, including professional installers and DIY enthusiasts. It is driven by factors such as vehicle ownership, maintenance and repair needs, and consumer preferences.

The company faces competition from both traditional brick-and-mortar retailers and online platforms. Major competitors include other auto parts retailers, national chains, and independent stores. Additionally, technological advancements and the increasing complexity of modern vehicles pose challenges and opportunities for the industry. The growing demand for electric vehicles, digitalization of automotive services, and advanced autonomous driving technologies are shaping the industry's future.

Advance Auto Parts aims to differentiate itself through its extensive store network, product availability, knowledgeable staff, and strong customer service. These factors contribute to the company's competitive positioning and enable it to cater to a diverse customer base.

While Advance Auto Parts has established itself as a prominent player in the automotive aftermarket industry, it faces certain risks and challenges that could impact its performance. Shifts in consumer preferences, such as increased reliance on ride-sharing services or reduced vehicle ownership, could affect the demand for automotive parts and accessories.

Rapid advancements in automotive technology and the rise of electric vehicles can require significant investments in research and development to stay competitive. Failure to adapt to these changes could result in a loss of market share for Advance Auto Parts. The company must stay abreast of technological advancements, such as advancements in electric vehicle technology and digitalization of automotive services. Advance Auto Parts can develop innovative solutions and maintain its competitive edge in the evolving automotive industry by investing in research and development.

Additionally, the company needs to effectively manage its supply chain and inventory to ensure product availability and timely delivery to customers. Any disruptions in the supply chain, whether due to logistics challenges or supplier issues, can impact customer satisfaction and potentially lead to a loss of market share.

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AAP Stock News Headlines

Don’t Worry; Sportsman’s Warehouse Will Get Cheaper  (AAP)
Sportsman's Warehouse is another retailer to issue a mixed report and point to a deepening contraction in consumer demand.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Advance Auto Parts Backfires: Is This A Warning For The S&P 500?
Advance Auto Parts cut its dividend, and shares sank nearly 30%. The stock may be at a bottom but investors should not expect a significant rebound.
AutoZone Reports Earnings Beat, Shares Fall, Outlook Positive
AutoZone shares are trading lower amid reports for the third quarter 2023 earnings figures. Despite being initially negative, there are other angles pointing up
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Advance Auto Parts (NYSE:AAP) PT Lowered to $84.00
Advance Auto Parts (NYSE:AAP) Price Target Cut to $67.00
See More Headlines

AAP Price History

AAP Company Calendar

Ex-Dividend for 4/28 Dividend
4/13/2023
Dividend Payable
4/28/2023
Last Earnings
5/31/2023
Today
6/10/2023
Ex-Dividend for 7/28 Dividend
7/13/2023
Dividend Payable
7/28/2023
Next Earnings (Estimated)
8/22/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Auto & home supply stores
Sub-Industry
Automotive Retail
CUSIP
00751Y10
Employees
67,000
Year Founded
1932

Price Target and Rating

Average Stock Price Forecast
$103.89
High Stock Price Forecast
$195.00
Low Stock Price Forecast
$67.00
Forecasted Upside/Downside
+63.4%
Consensus Rating
Hold
Rating Score (0-4)
2.16
Research Coverage
19 Analysts

Profitability

Net Income
$501.87 million
Pretax Margin
4.69%

Debt

Sales & Book Value

Annual Sales
$11.15 billion
Cash Flow
$17.56 per share
Book Value
$44.55 per share

Miscellaneous

Free Float
59,070,000
Market Cap
$3.78 billion
Optionable
Not Optionable
Beta
1.11

Social Links


Key Executives

  • Mr. Thomas R. Greco (Age 65)
    Pres, CEO & Director
    Comp: $1.88M
  • Mr. Jeffrey W. Shepherd (Age 50)
    Exec. VP & CFO
    Comp: $1.01M
  • Mr. Robert B. CushingMr. Robert B. Cushing (Age 69)
    Exec. VP of Professional
    Comp: $914.83k
  • Mr. Herman Word Jr. (Age 48)
    Exec. VP of U.S. Stores & Carquest Independents
    Comp: $2.3M
  • Mr. Carlos A. Saladrigas CPA (Age 74)
    Co-Founder and Chief Exec. Officer of Regis HR
  • Mr. William J. Pellicciotti Jr. (Age 43)
    Sr. VP, Controller & Chief Accounting Officer
  • Mr. Sri Donthi (Age 55)
    Exec. VP & CTO
  • Ms. Elisabeth Eisleben
    Sr. VP of Communications, Investor Relations, & Community Affairs
  • Ms. Tammy Moss FinleyMs. Tammy Moss Finley (Age 56)
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Mr. Jason B. McDonell (Age 48)
    Exec. VP of Merchandising, Marketing & E-Commerce













AAP Stock - Frequently Asked Questions

Should I buy or sell Advance Auto Parts stock right now?

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Advance Auto Parts in the last year. There are currently 16 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" AAP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AAP, but not buy additional shares or sell existing shares.
View AAP analyst ratings
or view top-rated stocks.

What is Advance Auto Parts' stock price forecast for 2023?

19 brokers have issued 1 year price targets for Advance Auto Parts' shares. Their AAP share price forecasts range from $67.00 to $195.00. On average, they anticipate the company's stock price to reach $103.89 in the next twelve months. This suggests a possible upside of 63.4% from the stock's current price.
View analysts price targets for AAP
or view top-rated stocks among Wall Street analysts.

How have AAP shares performed in 2023?

Advance Auto Parts' stock was trading at $147.03 at the beginning of the year. Since then, AAP stock has decreased by 56.8% and is now trading at $63.58.
View the best growth stocks for 2023 here
.

When is Advance Auto Parts' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 22nd 2023.
View our AAP earnings forecast
.

How were Advance Auto Parts' earnings last quarter?

Advance Auto Parts, Inc. (NYSE:AAP) released its quarterly earnings data on Wednesday, May, 31st. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.60 by $1.88. The company earned $3.42 billion during the quarter, compared to analyst estimates of $3.43 billion. Advance Auto Parts had a net margin of 3.61% and a trailing twelve-month return on equity of 22.67%. During the same quarter in the previous year, the business posted $3.57 EPS.
Read the conference call transcript
.

How often does Advance Auto Parts pay dividends? What is the dividend yield for Advance Auto Parts?

Advance Auto Parts announced a quarterly dividend on Tuesday, May 30th. Stockholders of record on Friday, July 14th will be given a dividend of $0.25 per share on Friday, July 28th. This represents a $1.00 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Thursday, July 13th.
Read our dividend analysis for AAP
.

Is Advance Auto Parts a good dividend stock?

Advance Auto Parts (NYSE:AAP) pays an annual dividend of $6.00 per share and currently has a dividend yield of 9.27%. AAP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 89.15%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AAP will have a dividend payout ratio of 74.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AAP.

What guidance has Advance Auto Parts issued on next quarter's earnings?

Advance Auto Parts updated its FY 2023 earnings guidance on Sunday, June, 4th. The company provided earnings per share guidance of $6.00-$6.50 for the period, compared to the consensus EPS estimate of $10.64. The company issued revenue guidance of $11.20 billion-$11.30 billion, compared to the consensus revenue estimate of $11.43 billion.

What is Thomas Greco's approval rating as Advance Auto Parts' CEO?

538 employees have rated Advance Auto Parts Chief Executive Officer Thomas Greco on Glassdoor.com. Thomas Greco has an approval rating of 63% among the company's employees. This puts Thomas Greco in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Advance Auto Parts own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Advance Auto Parts investors own include NVIDIA (NVDA), AutoZone (AZO), QUALCOMM (QCOM), Broadcom (AVGO), Boeing (BA), Netflix (NFLX), Walmart (WMT), Walt Disney (DIS), Johnson & Johnson (JNJ) and Micron Technology (MU).

What is Advance Auto Parts' stock symbol?

Advance Auto Parts trades on the New York Stock Exchange (NYSE) under the ticker symbol "AAP."

Who are Advance Auto Parts' major shareholders?

Advance Auto Parts' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.85%), State Street Corp (5.79%), Champlain Investment Partners LLC (2.62%), American Century Companies Inc. (2.41%), Charles Schwab Investment Management Inc. (2.31%) and Geode Capital Management LLC (2.15%). Insiders that own company stock include Carla Jean Bailo, Natalie Schechtman and Robert B Cushing.
View institutional ownership trends
.

How do I buy shares of Advance Auto Parts?

Shares of AAP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Advance Auto Parts' stock price today?

One share of AAP stock can currently be purchased for approximately $63.58.

How much money does Advance Auto Parts make?

Advance Auto Parts (NYSE:AAP) has a market capitalization of $3.78 billion and generates $11.15 billion in revenue each year. The company earns $501.87 million in net income (profit) each year or $6.73 on an earnings per share basis.

How many employees does Advance Auto Parts have?

The company employs 67,000 workers across the globe.

How can I contact Advance Auto Parts?

Advance Auto Parts' mailing address is 2635 East Millbrook Road, Raleigh NC, 24012. The official website for the company is www.advanceautoparts.com. The company can be reached via phone at (540) 362-4911, via email at invrelations@advanceautoparts.com, or via fax at 540-561-1448.

This page (NYSE:AAP) was last updated on 6/10/2023 by MarketBeat.com Staff

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