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NYSE:AAP

Advance Auto Parts - AAP Stock Forecast, Price & News

$150.85
+0.85 (+0.57%)
(As of 11/28/2022 01:16 PM ET)
Add
Compare
Today's Range
$148.62
$151.23
50-Day Range
$147.50
$190.67
52-Week Range
$145.59
$244.55
Volume
20,223 shs
Average Volume
862,948 shs
Market Capitalization
$9.07 billion
P/E Ratio
19.39
Dividend Yield
4.00%
Price Target
$193.67

Advance Auto Parts MarketRank™ Forecast

Analyst Rating
Hold
2.46 Rating Score
Upside/​Downside
28.9% Upside
$193.67 Price Target
Short Interest
Healthy
5.23% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.79
Upright™ Environmental Score
News Sentiment
-0.15mentions of Advance Auto Parts in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.81%
From $12.62 to $14.11 Per Share

Overall MarketRank

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

2.88 out of 5 stars

Retail/Wholesale Sector

22nd out of 218 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. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts. It also offers air conditioning chemicals and accessories; air fresheners; antifreeze and washer fluids; electrical wires and fuses; electronics; floor mats, seat covers, and interior accessories; hand and specialty tools; lighting products; performance parts; sealants, adhesives and compounds; tire repair accessories; vent shades, mirrors and exterior accessories; washes, waxes and cleaning supplies; and wiper blades. In addition, the company offers air filters; fuel and oil additives; fuel filters; grease and lubricants; motor oils; oil filters, part cleaners and treatments; and transmission fluids for engine maintenance. Further, it offers battery and wiper installation; engine light scanning and checking; electrical system testing; video clinic; oil and battery recycling; and loaner tool program services. Additionally, the company sells its products through its website. It serves professional installers and do-it-yourself customers. The company operates stores under the Advance Auto Parts, Autopart International, and Carquest brands, as well as branches under the Worldpac name. As of April 23, 2022, it operated 4,687 stores and 311 branches in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada; and served 1,318 independently owned Carquest branded stores in Mexico, Grand Cayman, the Bahamas, Turks and Caicos, and the British Virgin Islands. The company was founded in 1929 and is based in Raleigh, North Carolina.

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AAP Stock News Headlines

MarketBeat: Week in Review 11/14 – 11/18 (AAP)
This week, investors digested negative news from the retail sector and the Fed and next week's abbreviated trading week won't bring much new news.
Is Advance Auto Parts a Buy After its Earnings Crash?
Advance Auto Parts stock is down more than 15% after a poor earnings report, but the question that investors must ask is whether the sell-off is overdone?
Stephens Cuts Advance Auto Parts (NYSE:AAP) Price Target to $164.00
Advance Auto Parts (NYSE:AAP) Cut to Neutral at UBS Group
Advance Auto Parts (NYSE:AAP) PT Lowered to $170.00 at DA Davidson
Advance Auto Parts (NYSE:AAP) PT Lowered to $165.00
Advance Auto Parts (NYSE:AAP) PT Lowered to $180.00
Advance Auto Parts Crushed On Outlook
Why Shares in Advance Auto Parts Slumped This Week
See More Headlines
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AAP Company Calendar

Last Earnings
11/15/2021
Ex-Dividend for 9/30 Dividend
9/15/2022
Dividend Payable
9/30/2022
Today
11/28/2022
Ex-Dividend for 1/3 Dividend
12/15/2022
Fiscal Year End
12/31/2022
Dividend Payable
1/03/2023
Next Earnings (Estimated)
2/13/2023

Industry, Sector and Symbol

Industry
Auto & home supply stores
Sub-Industry
Automotive Retail
CUSIP
00751Y10
Employees
68,000
Year Founded
1932

Price Target and Rating

Average Stock Price Forecast
$193.67
High Stock Price Forecast
$280.00
Low Stock Price Forecast
$147.00
Forecasted Upside/Downside
+28.4%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
13 Analysts

Profitability

Net Income
$616.11 million
Pretax Margin
5.61%

Debt

Sales & Book Value

Annual Sales
$11.00 billion
Cash Flow
$16.71 per share
Book Value
$50.17 per share

Miscellaneous

Free Float
59,835,000
Market Cap
$9.07 billion
Optionable
Not Optionable
Beta
1.27

Social Links


Key Executives

  • Mr. Thomas R. Greco (Age 64)
    Pres, CEO & Director
    Comp: $4.05M
  • Mr. Jeffrey W. Shepherd (Age 49)
    Exec. VP & CFO
    Comp: $1.89M
  • Mr. Jason B. McDonell (Age 47)
    Exec. VP of Merchandising, Marketing & E-Commerce
    Comp: $1.47M
  • Mr. Robert B. CushingMr. Robert B. Cushing (Age 68)
    Exec. VP of Professional
    Comp: $1.68M
  • Mr. Reuben E. Slone (Age 59)
    Exec. VP of Supply Chain
    Comp: $1.75M
  • Mr. Carlos A. Saladrigas CPA (Age 73)
    Co-Founder and Chief Exec. Officer of Regis HR
  • Mr. William J. Pellicciotti Jr. (Age 42)
    Sr. VP, Controller & Chief Accounting Officer
  • Mr. Sri Donthi (Age 55)
    Exec. VP & CTO
  • Ms. Elisabeth Eisleben
    Sr. VP of Communications, Investor Relations, & Community Affairs
  • Ms. Tammy Moss FinleyMs. Tammy Moss Finley (Age 55)
    Exec. VP, Gen. Counsel & Corp. Sec.













AAP Stock - Frequently Asked Questions

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Advance Auto Parts in the last year. There are currently 8 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

13 equities research analysts have issued 1-year target prices for Advance Auto Parts' shares. Their AAP share price forecasts range from $147.00 to $280.00. On average, they predict the company's share price to reach $193.67 in the next twelve months. This suggests a possible upside of 29.1% 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 2022?

Advance Auto Parts' stock was trading at $239.88 at the beginning of the year. Since then, AAP stock has decreased by 37.5% and is now trading at $150.00.
View the best growth stocks for 2022 here
.

Are investors shorting Advance Auto Parts?

Advance Auto Parts saw a increase in short interest in October. As of October 31st, there was short interest totaling 3,100,000 shares, an increase of 5.8% from the October 15th total of 2,930,000 shares. Based on an average daily trading volume, of 798,800 shares, the short-interest ratio is presently 3.9 days. Approximately 5.2% of the shares of the stock 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 Monday, February 13th 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 Monday, November, 15th. The company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.87 by $0.34. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.58 billion. Advance Auto Parts had a net margin of 4.30% and a trailing twelve-month return on equity of 25.97%. The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.81 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 announced a quarterly dividend on Monday, November 7th. Investors of record on Friday, December 16th will be paid a dividend of $1.50 per share on Tuesday, January 3rd. This represents a $6.00 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, December 15th.
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 4.00%. 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 77.12%. 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 42.52% 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 FY22 earnings guidance on Tuesday, November, 15th. The company provided earnings per share guidance of $12.60-12.80 for the period, compared to the consensus EPS estimate of $13.01. The company issued revenue guidance of $11.00-11.20 billion, compared to the consensus revenue estimate of $11.11 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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.13%), BlackRock Inc. (6.81%), Barrow Hanley Mewhinney & Strauss LLC (4.96%), State Street Corp (4.54%), Artisan Partners Limited Partnership (2.52%) and Nuveen Asset Management LLC (1.91%). 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 $150.00.

How much money does Advance Auto Parts make?

Advance Auto Parts (NYSE:AAP) has a market capitalization of $9.02 billion and generates $11.00 billion in revenue each year. The company earns $616.11 million in net income (profit) each year or $7.78 on an earnings per share basis.

How many employees does Advance Auto Parts have?

The company employs 68,000 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 11/28/2022 by MarketBeat.com Staff