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NYSE:AAP

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

$68.15
+0.12 (+0.18%)
(As of 10:04 AM ET)
Compare
Today's Range
$66.54
$68.55
50-Day Range
$68.04
$128.37
52-Week Range
$66.54
$212.25
Volume
1.19 million shs
Average Volume
1.51 million shs
Market Capitalization
$4.04 billion
P/E Ratio
8.24
Dividend Yield
8.80%
Price Target
$153.65

Advance Auto Parts MarketRank™ Forecast

Analyst Rating
Hold
2.35 Rating Score
Upside/​Downside
53.2% Upside
$104.42 Price Target
Short Interest
Healthy
3.62% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.79
Upright™ Environmental Score
News Sentiment
-0.39mentions of Advance Auto Parts in the last 14 days
Based on 65 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
84.48%
From $6.25 to $11.53 Per Share

Overall MarketRank

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

3.18 out of 5 stars

Retail/Wholesale Sector

9th out of 424 stocks

Auto & Home Supply Stores Industry

1st out of 12 stocks


AAP stock logo

About Advance Auto Parts (NYSE:AAP) Stock

Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Advance Auto Parts/Carquest U.S., Carquest Canada, Worldpac, and Independents. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.

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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.
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.
The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
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 Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
Company News for Jun 1, 2023
Q1 2023 Advance Auto Parts Inc Earnings Call
Nasdaq Down 100 Points; Advance Auto Parts Earnings Miss Views
Advance Auto Parts Stalls Out
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
6/02/2023
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
$104.42
High Stock Price Forecast
$195.00
Low Stock Price Forecast
$67.00
Forecasted Upside/Downside
+129.2%
Consensus Rating
Hold
Rating Score (0-4)
2.35
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
$16.47 per share
Book Value
$44.47 per share

Miscellaneous

Free Float
58,901,000
Market Cap
$3.97 billion
Optionable
Not Optionable
Beta
1.12

Social Links


Key Executives

  • Thomas R. Greco
    President, Chief Executive Officer & Director
  • Jeff Shepherd
    Chief Financial Officer & Executive Vice President
  • Sri Donthi
    Chief Technology Officer & Executive VP
  • Tammy Moss FinleyTammy Moss Finley
    Secretary, Executive VP & General Counsel
  • Natalie S. SchechtmanNatalie S. Schechtman
    Chief Human Resources Officer & Executive VP













AAP Stock - Frequently Asked Questions

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

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Advance Auto Parts in the last twelve months. There are currently 16 hold ratings and 3 buy ratings 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?

19 brokerages have issued 12-month price targets for Advance Auto Parts' shares. Their AAP share price forecasts range from $67.00 to $195.00. On average, they predict the company's stock price to reach $104.42 in the next twelve months. This suggests a possible upside of 53.5% 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 2023?

Advance Auto Parts' stock was trading at $147.03 at the start of the year. Since then, AAP shares have decreased by 53.7% and is now trading at $68.04.
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) announced its earnings results on Wednesday, May, 31st. The company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $2.60 by $1.88. The business earned $3.42 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 28.53% and a net margin of 4.50%. During the same period in the previous year, the firm earned $3.57 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, May 31st. Investors 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 dividend on an annualized basis and a yield of 1.47%. 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 5.35%. AAP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 72.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AAP will have a dividend payout ratio of 52.04% 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, May, 31st. The company provided EPS guidance of $6.00-6.50 for the period, compared to the consensus earnings per share estimate of $10.62. The company issued revenue guidance of $11.2-11.3 billion, compared to the consensus revenue estimate of $11.44 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 institutional and retail 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 Andrew E Page, Carla Jean Bailo, Natalie Schechtman, Robert B Cushing and Tammy M Finley.
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 $68.04.

How much money does Advance Auto Parts make?

Advance Auto Parts (NYSE:AAP) has a market capitalization of $4.03 billion and generates $11.15 billion in revenue each year. The company earns $501.87 million in net income (profit) each year or $8.27 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 6/2/2023 by MarketBeat.com Staff

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