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

$55.04
+0.09 (+0.16%)
(As of 03:03 PM ET)
Compare
Today's Range
$54.50
$55.87
50-Day Range
$54.94
$74.39
52-Week Range
$54.50
$194.35
Volume
863,536 shs
Average Volume
2.09 million shs
Market Capitalization
$3.27 billion
P/E Ratio
9.52
Dividend Yield
1.82%
Price Target
$94.47

Advance Auto Parts MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
72.8% Upside
$94.47 Price Target
Short Interest
Bearish
8.36% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.79
Upright™ Environmental Score
News Sentiment
0.88mentions of Advance Auto Parts in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$499,826 Bought Last Quarter
Proj. Earnings Growth
21.06%
From $4.70 to $5.69 Per Share

Overall MarketRank

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

2.99 out of 5 stars

Retail/Wholesale Sector

8th out of 210 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.

AAP Price History

AAP Stock News Headlines

Why Auto Parts Retailers Are Heading in Different Directions (AAP)
There are many factors affecting stock performance for U.S. auto parts retailers - and some are dealing with these factors better than others
Hold-It-Forever AutoZone Pulls into Buy Zone (AAP)
Auto parts stocks are not all the same: Autozone is a buy-now-and-hold-forever name that offers investors a discount in Q3
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Advance Auto Parts Insider Bought Up the Embattled Stock
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Will AutoZone (AZO) Sustain Its Beat Streak in Q4 Earnings?
Why Advance Auto Parts Stock Dived Today
Morgan Stanley Keeps Their Hold Rating on Advance Auto Parts (AAP)
Advance Auto Parts Reports Second Quarter 2023 Results
Advance Auto Parts Updates Guidance As Profits Fall
See More Headlines
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AAP Company Calendar

Ex-Dividend for 7/28 Dividend
7/13/2023
Dividend Payable
7/28/2023
Last Earnings
8/23/2023
Today
9/27/2023
Ex-Dividend for 10/27 Dividend
10/12/2023
Dividend Payable
10/27/2023
Next Earnings (Estimated)
11/21/2023
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
$94.47
High Stock Price Forecast
$185.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+72.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
21 Analysts

Profitability

Net Income
$501.87 million
Pretax Margin
4.01%

Debt

Sales & Book Value

Annual Sales
$11.15 billion
Cash Flow
$17.19 per share
Book Value
$44.55 per share

Miscellaneous

Free Float
59,095,000
Market Cap
$3.25 billion
Optionable
Not Optionable
Beta
1.07

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Key Executives

  • Mr. Thomas R. Greco (Age 65)
    Pres, CEO & Director
    Comp: $1.88M
  • 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. Tony Iskander
    Interim CFO & SVP of Fin. and Treasurer
  • Mr. William J. Pellicciotti Jr. (Age 43)
    Sr. VP, Controller & Chief Accounting Officer
  • Mr. Sri Donthi (Age 56)
    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?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Advance Auto Parts in the last year. There are currently 1 sell rating, 19 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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?

21 Wall Street analysts have issued 12 month price objectives for Advance Auto Parts' stock. Their AAP share price forecasts range from $50.00 to $185.00. On average, they anticipate the company's share price to reach $94.47 in the next year. This suggests a possible upside of 72.8% 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 on January 1st, 2023. Since then, AAP stock has decreased by 62.8% and is now trading at $54.67.
View the best growth stocks for 2023 here
.

Are investors shorting Advance Auto Parts?

Advance Auto Parts saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 4,920,000 shares, an increase of 17.7% from the August 31st total of 4,180,000 shares. Based on an average daily trading volume, of 2,560,000 shares, the short-interest ratio is presently 1.9 days. Approximately 8.4% of the company's shares are sold short.
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 Tuesday, November 21st 2023.
View our AAP earnings forecast
.

How were Advance Auto Parts' earnings last quarter?

Advance Auto Parts, Inc. (NYSE:AAP) released its earnings results on Wednesday, August, 23rd. The company reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.66 by $0.23. The firm earned $2.69 billion during the quarter, compared to analysts' expectations of $2.66 billion. Advance Auto Parts had a trailing twelve-month return on equity of 17.53% and a net margin of 3.08%. Advance Auto Parts's quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.74 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 Monday, August 7th. Investors of record on Friday, October 13th will be given a dividend of $0.25 per share on Friday, October 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, October 12th.
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 1.76%. The dividend payout ratio is 17.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AAP will have a dividend payout ratio of 17.57% 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 FY23 earnings guidance on Wednesday, August, 23rd. The company provided EPS guidance of $4.50-5.10 for the period, compared to the consensus earnings per share estimate of $5.73. The company issued revenue guidance of $11.25-11.35 billion, compared to the consensus revenue estimate of $11.22 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.46%), State Street Corp (4.90%), JPMorgan Chase & Co. (2.86%), Champlain Investment Partners LLC (2.62%), Charles Schwab Investment Management Inc. (2.40%) and Geode Capital Management LLC (2.24%). Insiders that own company stock include Carla Jean Bailo, Douglas A Pertz, Eugene I Lee Jr, Joan M Hilson, 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 $54.67.

How much money does Advance Auto Parts make?

Advance Auto Parts (NYSE:AAP) has a market capitalization of $3.25 billion and generates $11.15 billion in revenue each year. The company earns $501.87 million in net income (profit) each year or $5.78 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 9/27/2023 by MarketBeat.com Staff

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