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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
US Dollar Replaced By "Biden Bucks"? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
US Dollar Replaced By "Biden Bucks"? (Ad)
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
US Dollar Replaced By "Biden Bucks"? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
US Dollar Replaced By "Biden Bucks"? (Ad)
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
US Dollar Replaced By "Biden Bucks"? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
US Dollar Replaced By "Biden Bucks"? (Ad)
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
NYSE:AAP

Advance Auto Parts - AAP Stock Forecast, Price & News

$202.53
+5.11 (+2.59%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$197.18
$202.58
50-Day Range
$165.45
$202.53
52-Week Range
$164.00
$244.55
Volume
530,357 shs
Average Volume
580,510 shs
Market Capitalization
$12.28 billion
P/E Ratio
22.55
Dividend Yield
3.04%
Price Target
$242.17

Advance Auto Parts MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.76 Rating Score
Upside/​Downside
19.6% Upside
$242.17 Price Target
Short Interest
Bearish
6.90% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.79
Upright™ Environmental Score
News Sentiment
-0.05mentions of Advance Auto Parts in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.87%
From $13.68 to $15.44 Per Share

Overall MarketRank

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

2.35 out of 5 stars

Retail/Wholesale Sector

112th out of 224 stocks

Auto & Home Supply Stores Industry

2nd 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.

Advance Auto Parts Price Performance

Shares of Advance Auto Parts stock traded up $5.11 during trading hours on Friday, hitting $202.53. The company's stock had a trading volume of 530,357 shares, compared to its average volume of 580,510. The business has a 50 day moving average price of $184.25 and a two-hundred day moving average price of $201.50. Advance Auto Parts has a 12-month low of $164.00 and a 12-month high of $244.55. The company has a market cap of $12.28 billion, a PE ratio of 22.55, a PEG ratio of 1.14 and a beta of 1.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.25 and a current ratio of 1.20.

Advance Auto Parts (NYSE:AAP - Get Rating) last posted its earnings results on Monday, May 23rd. The company reported $3.57 EPS for the quarter, topping analysts' consensus estimates of $3.53 by $0.04. Advance Auto Parts had a return on equity of 24.74% and a net margin of 5.16%. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the business earned $3.34 earnings per share. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. Analysts expect that Advance Auto Parts will post 13.68 earnings per share for the current fiscal year.

Advance Auto Parts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 17th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, June 16th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.96%. Advance Auto Parts's dividend payout ratio is 66.82%.

Wall Street Analysts Forecast Growth

AAP has been the topic of several recent research reports. Wedbush reduced their price objective on Advance Auto Parts from $270.00 to $215.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 24th. Royal Bank of Canada reduced their price objective on Advance Auto Parts from $247.00 to $217.00 in a research report on Wednesday, May 25th. StockNews.com upgraded Advance Auto Parts from a "hold" rating to a "buy" rating in a research report on Thursday. UBS Group reduced their price objective on Advance Auto Parts to $250.00 in a research report on Wednesday, May 25th. Finally, Wells Fargo & Company reduced their price target on Advance Auto Parts from $230.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 24th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Advance Auto Parts presently has an average rating of "Moderate Buy" and an average target price of $242.17.

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AAP Stock News Headlines

Advance Auto Parts (NYSE:AAP) Downgraded by StockNews.com
Advance Auto Parts (AAP) Trading Report
The Battle Of The Auto Parts Chains
Advance Auto Parts goes ex-dividend tomorrow
3 Must-Own Auto Parts Stocks
See More Headlines
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AAP Company Calendar

Last Earnings
5/23/2022
Ex-Dividend for 7/1 Dividend
6/16/2022
Dividend Payable
7/01/2022
Today
8/14/2022
Next Earnings (Confirmed)
8/23/2022
Fiscal Year End
12/31/2022

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
$242.17
High Stock Price Forecast
$282.00
Low Stock Price Forecast
$195.00
Forecasted Upside/Downside
+19.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
17 Analysts

Profitability

Net Income
$616.11 million
Pretax Margin
6.73%

Debt

Sales & Book Value

Annual Sales
$11.00 billion
Cash Flow
$17.03 per share
Book Value
$50.17 per share

Miscellaneous

Free Float
60,397,000
Market Cap
$12.28 billion
Optionable
Not Optionable
Beta
1.22

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. 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 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?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Advance Auto Parts in the last year. There are currently 5 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" AAP shares.
View AAP analyst ratings
or view top-rated stocks.

What is Advance Auto Parts' stock price forecast for 2022?

17 brokerages have issued 12-month target prices for Advance Auto Parts' stock. Their AAP share price forecasts range from $195.00 to $282.00. On average, they predict the company's share price to reach $242.17 in the next twelve months. This suggests a possible upside of 19.6% 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 on January 1st, 2022. Since then, AAP shares have decreased by 15.6% and is now trading at $202.53.
View the best growth stocks for 2022 here
.

Are investors shorting Advance Auto Parts?

Advance Auto Parts saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 4,220,000 shares, an increase of 21.3% from the June 30th total of 3,480,000 shares. Based on an average daily volume of 845,800 shares, the days-to-cover ratio is currently 5.0 days. Approximately 7.0% of the company's 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 Tuesday, August 23rd 2022.
View our AAP earnings forecast
.

How can I listen to Advance Auto Parts' earnings call?

Advance Auto Parts will be holding an earnings conference call on Wednesday, August 24th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Advance Auto Parts' earnings last quarter?

Advance Auto Parts, Inc. (NYSE:AAP) released its earnings results on Monday, May, 23rd. The company reported $3.57 earnings per share for the quarter, beating analysts' consensus estimates of $3.53 by $0.04. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.39 billion. Advance Auto Parts had a net margin of 5.16% and a trailing twelve-month return on equity of 24.74%. The firm's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.34 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 Tuesday, May 31st. Stockholders of record on Friday, June 17th will be given a dividend of $1.50 per share on Friday, July 1st. This represents a $6.00 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, June 16th.
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 3.04%. 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 66.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AAP will have a dividend payout ratio of 38.86% 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 FY 2022 earnings guidance on Monday, June, 20th. The company provided EPS guidance of $13.30-$13.85 for the period, compared to the consensus earnings per share estimate of $13.70. The company issued revenue guidance of $11.20 billion-$11.50 billion, compared to the consensus revenue estimate of $11.40 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 Clearbridge Investments LLC (5.25%), JPMorgan Chase & Co. (4.35%), Artisan Partners Limited Partnership (2.51%), River Road Asset Management LLC (1.53%), Scharf Investments LLC (1.36%) and Northern Trust Corp (1.18%). 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 $202.53.

How much money does Advance Auto Parts make?

Advance Auto Parts (NYSE:AAP) has a market capitalization of $12.28 billion and generates $11.00 billion in revenue each year. The company earns $616.11 million in net income (profit) each year or $8.98 on an earnings per share basis.

How many employees does Advance Auto Parts have?

The company employs 68,000 workers across the globe.

When was Advance Auto Parts founded?

Advance Auto Parts was founded in 1932.

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 8/14/2022 by MarketBeat.com Staff

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