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Advance Auto Parts - AAP Stock Forecast, Price & News

$151.47
-0.20 (-0.13%)
(As of 02/7/2023 12:00 AM ET)
Add
Compare
Today's Range
$148.27
$151.68
50-Day Range
$139.38
$156.84
52-Week Range
$138.52
$234.23
Volume
921,971 shs
Average Volume
890,896 shs
Market Capitalization
$9.11 billion
P/E Ratio
19.47
Dividend Yield
3.94%
Price Target
$189.88

Advance Auto Parts MarketRank™ Forecast

Analyst Rating
Hold
2.46 Rating Score
Upside/​Downside
25.4% Upside
$189.88 Price Target
Short Interest
Bearish
5.45% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.79
Upright™ Environmental Score
News Sentiment
0.53mentions of Advance Auto Parts in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.53%
From $12.58 to $13.15 Per Share

Overall MarketRank

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

2.75 out of 5 stars

Retail/Wholesale Sector

21st out of 213 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. 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: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.

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AAP Stock News Headlines

Advance Auto Parts (NYSE:AAP) Raised to Buy at StockNews.com
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Don't Hold Your Breath for This Auto Parts Stock
13 Analysts Have This to Say About Advance Auto Parts
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Advance Auto Parts Is A Strong Buy, Here's Why
Advance Auto Parts Crushed On Outlook
Why Shares in Advance Auto Parts Slumped This Week
Advance Auto (AAP) Q3 Earnings Miss, FCF & Profit View Cut
See More Headlines
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AAP Company Calendar

Last Earnings
11/15/2022
Ex-Dividend for 1/3 Dividend
12/15/2022
Dividend Payable
1/03/2023
Today
2/07/2023
Next Earnings (Estimated)
2/13/2023
Fiscal Year End
12/31/2023

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
$182.69
High Stock Price Forecast
$280.00
Low Stock Price Forecast
$145.00
Forecasted Upside/Downside
+25.4%
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
$16.54 per share
Book Value
$50.17 per share

Miscellaneous

Free Float
59,835,000
Market Cap
$9.11 billion
Optionable
Not Optionable
Beta
1.11

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?

13 Wall Street equities research 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 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?

13 Wall Street research analysts have issued twelve-month target prices for Advance Auto Parts' stock. Their AAP share price forecasts range from $145.00 to $280.00. On average, they expect the company's share price to reach $189.88 in the next twelve months. This suggests a possible upside of 27.1% 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 2023?

Advance Auto Parts' stock was trading at $147.03 at the start of the year. Since then, AAP stock has increased by 1.6% and is now trading at $149.38.
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 January. As of January 15th, there was short interest totaling 3,210,000 shares, an increase of 6.3% from the December 31st total of 3,020,000 shares. Based on an average trading volume of 1,030,000 shares, the short-interest ratio is presently 3.1 days. Currently, 5.5% of the company's shares 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) issued its quarterly earnings results on Tuesday, November, 15th. The company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $3.32 by $0.48. The company earned $2.64 billion during the quarter, compared to analyst estimates of $2.66 billion. Advance Auto Parts had a trailing twelve-month return on equity of 25.97% and a net margin of 4.30%.

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 Monday, November 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.02%. 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 3.94%. 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 45.63% 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 FY 2022 earnings guidance on Thursday, December, 15th. The company provided earnings per share guidance of $12.60-$12.80 for the period, compared to the consensus estimate of $13.02. The company issued revenue guidance of $11.00 billion-$11.20 billion, compared to the consensus revenue estimate of $11.10 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 institutional and retail investors. Top institutional shareholders include River Road Asset Management LLC (1.36%), Scharf Investments LLC (1.20%), Ceredex Value Advisors LLC (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.32%), Check Capital Management Inc. CA (0.31%) and Ardevora Asset Management LLP (0.29%). 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 $149.38.

How much money does Advance Auto Parts make?

Advance Auto Parts (NYSE:AAP) has a market capitalization of $8.98 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 2/7/2023 by MarketBeat.com Staff