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

+1.19 (+1.87%)
(As of 06/12/2024 ET)
Today's Range
50-Day Range
52-Week Range
1.16 million shs
Average Volume
1.75 million shs
Market Capitalization
$3.87 billion
P/E Ratio
Dividend Yield
Price Target

Advance Auto Parts MarketRank™ Stock Analysis

Analyst Rating
1.88 Rating Score
1.5% Downside
$63.93 Price Target
Short Interest
9.94% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.40mentions of Advance Auto Parts in the last 14 days
Based on 15 Articles This Week
Insider Trading
Acquiring Shares
$426,267 Bought Last Quarter
Proj. Earnings Growth
From $3.74 to $4.36 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.

3.74 out of 5 stars

Retail/Wholesale Sector

70th out of 195 stocks

Auto & Home Supply Stores Industry

4th 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

Advance Auto Parts Pivots Strategy to Compete with Rivals (AAP)
Advance Auto Parts management is making the right calls when it comes to navigating the current economy, analysts recognize these efforts in EPS projections
Advance Auto Parts Pivots Strategy to Compete with Rivals
Management at Advance Auto Parts Inc. NYSE: AAP is looking to reinvent itself this year, or at least that's what the first quarter 2024 earnings results suggest. The company aims to compete with the likes of O'Reilly Automotive Inc. NASDAQ: ORLY and even AutoZone Inc. NYSE: AZO.
Advance Auto Parts (NYSE:AAP) Given New $64.00 Price Target at Mizuho
Advance Auto Parts (NYSE:AAP) Stock Price Down 2.8%
See More Headlines
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Company Calendar

Ex-Dividend for 4/26 Dividend
Dividend Payable
Last Earnings
Ex-Dividend for 7/26 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Auto & home supply stores
Automotive Retail
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
17 Analysts


Net Income
$29.74 million
Pretax Margin


Sales & Book Value

Annual Sales
$11.29 billion
Cash Flow
$5.81 per share
Book Value
$42.35 per share


Free Float
Market Cap
$3.87 billion

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Key Executives

AAP Stock Analysis - Frequently Asked Questions

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

17 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 and 15 hold ratings 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?

17 equities research analysts have issued 12 month price targets for Advance Auto Parts' stock. Their AAP share price targets range from $50.00 to $73.00. On average, they anticipate the company's stock price to reach $63.93 in the next year. This suggests that the stock has a possible downside of 1.5%.
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 6.4% and is now trading at $64.93.
View the best growth stocks for 2024 here

Are investors shorting Advance Auto Parts?

Advance Auto Parts saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 5,860,000 shares, an increase of 26.6% from the May 15th total of 4,630,000 shares. Based on an average daily trading volume, of 1,810,000 shares, the short-interest ratio is currently 3.2 days. Currently, 9.9% of the shares of the company 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 Wednesday, August 28th 2024.
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, 29th. The company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by $0.02. The firm earned $3.41 billion during the quarter, compared to the consensus estimate of $3.43 billion. Advance Auto Parts had a trailing twelve-month return on equity of 1.59% and a net margin of 0.37%. The firm's revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 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, May 21st. Shareholders of record on Friday, July 12th will be paid a dividend of $0.25 per share on Friday, July 26th. This represents a $1.00 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, July 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 1.58%. The dividend payout ratio is 144.93%. 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 22.94% 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 issued an update on its FY24 earnings guidance on Wednesday, May, 29th. The company provided earnings per share guidance of $3.75-4.25 for the period, compared to the consensus earnings per share estimate of $3.83. The company issued revenue guidance of $11.3-11.5 billion, compared to the consensus revenue estimate of $11.35 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 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.36%), Price T Rowe Associates Inc. MD (6.71%), Capital World Investors (2.57%), Third Point LLC (2.52%), Champlain Investment Partners LLC (2.49%) and Pzena Investment Management LLC (2.10%). Insiders that own company stock include Brent Windom, Carla Jean Bailo, Douglas A Pertz, Eugene I Lee Jr, Herman L Word Jr, Joan M Hilson, Kristen L Soler 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 6/13/2024 by Staff

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