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.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on AAP shares. UBS Group decreased their target price on Advance Auto Parts to $250.00 in a report on Wednesday, May 25th. Royal Bank of Canada decreased their target price on Advance Auto Parts from $247.00 to $217.00 in a report on Wednesday, May 25th. Morgan Stanley decreased their target price on Advance Auto Parts from $240.00 to $225.00 and set an "equal weight" rating for the company in a report on Tuesday, May 24th. Wedbush decreased their target price on Advance Auto Parts from $270.00 to $215.00 and set an "outperform" rating for the company in a report on Tuesday, May 24th. Finally, Truist Financial decreased their target price on Advance Auto Parts from $276.00 to $238.00 and set a "buy" rating for the company in a report on Wednesday, May 25th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $242.17.
Advance Auto Parts Trading Up 2.6 %
Advance Auto Parts stock opened at $202.53 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.20 and a quick ratio of 0.25. Advance Auto Parts has a one year low of $164.00 and a one year high of $244.55. The stock has a market capitalization of $12.28 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. The business's fifty day moving average is $184.25 and its 200 day moving average is $201.16.
Advance Auto Parts (NYSE:AAP - Get Rating) last released its quarterly earnings data on Monday, May 23rd. The company reported $3.57 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $3.39 billion. During the same period last year, the firm posted $3.34 earnings per share. Advance Auto Parts's revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts predict that Advance Auto Parts will post 13.68 EPS for the current year.
Advance Auto Parts Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 17th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date was Thursday, June 16th. Advance Auto Parts's dividend payout ratio is 66.82%.