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S&P 500   4,550.43
DOW   35,333.47
QQQ   389.17
Is Microsoft the NVIDIA Killer? 
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
2 stocks that faded their price gaps after crushing earnings
Give up the OPEC fight with these 3 stocks, Buffett-certified
Important info on NVDA trade (Ad)
10-year yield is below 4.5%...these dividend growth yields aren’t
AI revolution: 3 stocks set to soar as technology evolves
Important info on NVDA trade (Ad)
Is there money hiding under these 2 mattress stocks?
3 reasons a squeeze could be in Paramount's coming attractions
S&P 500   4,550.43
DOW   35,333.47
QQQ   389.17
Is Microsoft the NVIDIA Killer? 
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
2 stocks that faded their price gaps after crushing earnings
Give up the OPEC fight with these 3 stocks, Buffett-certified
Important info on NVDA trade (Ad)
10-year yield is below 4.5%...these dividend growth yields aren’t
AI revolution: 3 stocks set to soar as technology evolves
Important info on NVDA trade (Ad)
Is there money hiding under these 2 mattress stocks?
3 reasons a squeeze could be in Paramount's coming attractions
S&P 500   4,550.43
DOW   35,333.47
QQQ   389.17
Is Microsoft the NVIDIA Killer? 
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
2 stocks that faded their price gaps after crushing earnings
Give up the OPEC fight with these 3 stocks, Buffett-certified
Important info on NVDA trade (Ad)
10-year yield is below 4.5%...these dividend growth yields aren’t
AI revolution: 3 stocks set to soar as technology evolves
Important info on NVDA trade (Ad)
Is there money hiding under these 2 mattress stocks?
3 reasons a squeeze could be in Paramount's coming attractions

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

$51.01
-2.07 (-3.90%)
(As of 11/27/2023 ET)
Compare
Today's Range
$51.00
$52.97
50-Day Range
$48.25
$60.12
52-Week Range
$47.73
$158.22
Volume
1.87 million shs
Average Volume
2.09 million shs
Market Capitalization
$3.04 billion
P/E Ratio
16.35
Dividend Yield
1.96%
Price Target
$84.80

Advance Auto Parts MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.95 Rating Score
Upside/​Downside
66.2% Upside
$84.80 Price Target
Short Interest
Bearish
10.29% 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 10 Articles This Week
Insider Trading
Acquiring Shares
$499,826 Bought Last Quarter
Proj. Earnings Growth
182.99%
From $1.47 to $4.16 Per Share

Overall MarketRank

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

2.84 out of 5 stars

Retail/Wholesale Sector

17th out of 202 stocks

Auto & Home Supply Stores Industry

1st 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

Advanced Auto Parts may be worth more in pieces than the whole
Advanced Auto Parts Inc. has dramatically underperformed its competitors in 2023 but a new CEO and cost-cutting measures may make the stock worth a look
Advance Auto Parts: The New Normal
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Advance Auto Parts Stock: Buy, Sell, or Hold?
Advance Auto Parts (NYSE:AAP) PT Lowered to $62.00
Advance Auto Parts (NYSE:AAP) PT Lowered to $73.00
Advance Auto Parts (NYSE:AAP) Price Target Cut to $60.00
Advance Auto Parts price target lowered to $53 from $55 at Truist
Q3 2023 Advance Auto Parts Inc Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 10/27 Dividend
10/12/2023
Dividend Payable
10/27/2023
Last Earnings
11/15/2023
Today
11/27/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/27/2024

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
$84.80
High Stock Price Target
$185.00
Low Stock Price Target
$43.00
Potential Upside/Downside
+66.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.95
Research Coverage
21 Analysts

Profitability

Net Income
$501.87 million
Pretax Margin
2.11%

Debt

Sales & Book Value

Annual Sales
$11.15 billion
Cash Flow
$17.18 per share
Book Value
$44.55 per share

Miscellaneous

Free Float
59,127,000
Market Cap
$3.04 billion
Optionable
Not Optionable
Beta
1.14

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Key Executives















AAP Stock Analysis - Frequently Asked Questions

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

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Advance Auto Parts in the last twelve months. There are currently 2 sell ratings, 18 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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?

21 brokers have issued 1-year price targets for Advance Auto Parts' stock. Their AAP share price targets range from $43.00 to $185.00. On average, they anticipate the company's stock price to reach $84.80 in the next year. This suggests a possible upside of 66.2% 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 start of the year. Since then, AAP shares have decreased by 65.3% and is now trading at $51.01.
View the best growth stocks for 2023 here
.

Are investors shorting Advance Auto Parts?

Advance Auto Parts saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 6,060,000 shares, an increase of 8.2% from the October 15th total of 5,600,000 shares. Based on an average daily trading volume, of 2,390,000 shares, the short-interest ratio is presently 2.5 days. Approximately 10.3% of the shares of the company 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 Tuesday, February 27th 2024.
View our AAP earnings forecast
.

How were Advance Auto Parts' earnings last quarter?

Advance Auto Parts, Inc. (NYSE:AAP) announced its quarterly 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 business earned $2.72 billion during the quarter, compared to analysts' expectations of $2.68 billion. Advance Auto Parts had a trailing twelve-month return on equity of 9.40% and a net margin of 1.65%. The firm's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $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 Wednesday, November 15th. Shareholders of record on Friday, January 12th will be paid a dividend of $0.25 per share on Friday, January 26th. This represents a $1.00 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend 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 1.88%. 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 24.04% 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, November, 15th. The company provided EPS guidance of $1.40-1.80 for the period, compared to the consensus estimate of $4.64. The company issued revenue guidance of $11.25-11.30 billion, compared to the consensus revenue estimate of $11.26 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).

Who are Advance Auto Parts' major shareholders?

Advance Auto Parts' stock is owned by a variety of institutional and retail investors. Top institutional investors include Fuller & Thaler Asset Management Inc. (3.41%), Charles Schwab Investment Management Inc. (2.57%), Pzena Investment Management LLC (2.22%), Morgan Stanley (1.87%), Jacobs Levy Equity Management Inc. (1.57%) and River Road Asset Management LLC (1.25%). 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.

This page (NYSE:AAP) was last updated on 11/28/2023 by MarketBeat.com Staff

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