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NYSE:AAP

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

$61.04
-0.06 (-0.10%)
(As of 09:33 AM ET)
Today's Range
$60.73
$61.13
50-Day Range
$59.46
$69.24
52-Week Range
$47.73
$149.17
Volume
21,250 shs
Average Volume
1.37 million shs
Market Capitalization
$3.63 billion
P/E Ratio
19.56
Dividend Yield
1.64%
Price Target
$72.41

Advance Auto Parts MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.95 Rating Score
Upside/​Downside
18.5% Upside
$72.41 Price Target
Short Interest
Healthy
7.92% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.79
Upright™ Environmental Score
News Sentiment
0.62mentions of Advance Auto Parts in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$80,670 Bought Last Quarter
Proj. Earnings Growth
154.05%
From $1.48 to $3.76 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.39 out of 5 stars

Retail/Wholesale Sector

19th out of 205 stocks

Auto & Home Supply Stores Industry

2nd out of 6 stocks

AAP stock logo

About Advance Auto Parts Stock (NYSE:AAP)

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.

AAP Stock Price History

AAP Stock News Headlines

AAP Mar 2024 41.500 put
AAP Mar 2024 62.000 call
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They're as essential to the tech and AI revolutions as oil was to the industrial revolution. Known as rare earth elements or REEs, these relatively unheard of commodities are essential to semiconductor chips, renewable energy, electric vehicles, and more.
Blue Chips And Billionaires Quietly Investing In "The New Oil"
They're as essential to the tech and AI revolutions as oil was to the industrial revolution. Known as rare earth elements or REEs, these relatively unheard of commodities are essential to semiconductor chips, renewable energy, electric vehicles, and more.
AAP Feb 2024 81.000 call
AAP Feb 2024 50.000 put
Advance Auto Parts Inc
Complete list of NASCAR Regional tracks
AAP Jan 2026 50.000 call
See More Headlines
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Company Calendar

Last Earnings
11/15/2023
Ex-Dividend for 1/26 Dividend
1/11/2024
Dividend Payable
1/26/2024
Today
2/26/2024
Next Earnings (Confirmed)
2/28/2024
Fiscal Year End
12/31/2024

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 Target
$72.41
High Stock Price Target
$160.00
Low Stock Price Target
$43.00
Potential Upside/Downside
+18.5%
Consensus Rating
Reduce
Rating Score (0-4)
1.95
Research Coverage
20 Analysts

Profitability

Net Income
$501.87 million
Pretax Margin
2.05%

Debt

Sales & Book Value

Annual Sales
$11.15 billion
Cash Flow
$17.87 per share
Book Value
$44.55 per share

Miscellaneous

Free Float
59,127,000
Market Cap
$3.64 billion
Optionable
Optionable
Beta
1.15

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Key Executives















AAP Stock Analysis - Frequently Asked Questions

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

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Advance Auto Parts in the last year. There are currently 2 sell ratings, 17 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" AAP shares.
View AAP analyst ratings
or view top-rated stocks.

What is Advance Auto Parts' stock price target for 2024?

20 analysts have issued 12 month target prices for Advance Auto Parts' shares. Their AAP share price targets range from $43.00 to $160.00. On average, they anticipate the company's share price to reach $72.41 in the next year. This suggests a possible upside of 18.5% 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 2024?

Advance Auto Parts' stock was trading at $61.03 at the start of the year. Since then, AAP stock has increased by 0.1% and is now trading at $61.10.
View the best growth stocks for 2024 here
.

Are investors shorting Advance Auto Parts?

Advance Auto Parts saw a drop in short interest in the month of January. As of January 31st, there was short interest totaling 4,660,000 shares, a drop of 19.7% from the January 15th total of 5,800,000 shares. Based on an average trading volume of 1,850,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 7.9% of the company's shares are short sold.
View Advance Auto Parts' Short Interest
.

When is Advance Auto Parts' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our AAP earnings forecast
.

How can I listen to Advance Auto Parts' earnings call?

Advance Auto Parts will be holding an earnings conference call on Wednesday, February 28th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Advance Auto Parts' earnings last quarter?

Advance Auto Parts, Inc. (NYSE:AAP) posted its earnings results on Wednesday, November, 15th. The company reported ($0.82) earnings per share for the quarter, missing the consensus estimate of $1.44 by $2.26. The company earned $2.72 billion during the quarter, compared to the consensus estimate of $2.68 billion. Advance Auto Parts had a net margin of 1.65% and a trailing twelve-month return on equity of 9.40%. Advance Auto Parts's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.84 earnings per share.
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 declared a quarterly dividend on Tuesday, October 31st. Shareholders of record on Friday, January 12th will be given a dividend of $0.25 per share on Friday, January 26th. This represents a $1.00 annualized dividend and a yield of 1.64%. The ex-dividend date is Thursday, January 11th.
Read our dividend analysis for AAP
.

Is Advance Auto Parts a good dividend stock?

Advance Auto Parts (NYSE:AAP) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.64%. The dividend payout ratio is 32.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AAP will have a dividend payout ratio of 26.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AAP.

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).

Who are Advance Auto Parts' major shareholders?

Advance Auto Parts' stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.48%), Price T Rowe Associates Inc. MD (6.65%), Charles Schwab Investment Management Inc. (2.65%), Citadel Advisors LLC (0.00%), Pzena Investment Management LLC (2.18%) and Capital Fund Management S.A. (0.00%). Insiders that own company stock include Carla Jean Bailo, Douglas A Pertz, Eugene I Lee Jr, Joan M Hilson, Kristen L Soler, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AAP) was last updated on 2/26/2024 by MarketBeat.com Staff

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