S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
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Shift in war's front seen as ships cleared to leave Ukraine
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Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
pixel
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
pixel
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
pixel
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
NYSE:AAP

Advance Auto Parts - AAP Stock Forecast, Price & News

$193.42
+1.86 (+0.97%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$189.82
$193.54
50-Day Range
$165.45
$195.99
52-Week Range
$164.00
$244.55
Volume
367,683 shs
Average Volume
626,692 shs
Market Capitalization
$11.73 billion
P/E Ratio
21.54
Dividend Yield
3.10%
Price Target
$242.17

Advance Auto Parts MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.76 Rating Score
Upside/​Downside
25.2% Upside
$242.17 Price Target
Short Interest
Bearish
7.00% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.79
Upright™ Environmental Score
News Sentiment
-0.17mentions of Advance Auto Parts in the last 14 days
Based on 15 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.

2.65 out of 5 stars

Retail/Wholesale Sector

60th out of 262 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.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AAP shares. Royal Bank of Canada reduced their price target on Advance Auto Parts from $247.00 to $217.00 in a report on Wednesday, May 25th. Truist Financial reduced their price target 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. Wedbush reduced their price target 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. Guggenheim reduced their target price on Advance Auto Parts from $266.00 to $259.00 and set a "buy" rating for the company in a report on Wednesday, May 25th. Finally, Morgan Stanley reduced 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. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $242.17.

Advance Auto Parts Trading Up 1.0 %

Advance Auto Parts stock traded up $1.86 during mid-day trading on Friday, hitting $193.42. The company's stock had a trading volume of 367,683 shares, compared to its average volume of 626,692. The firm has a market capitalization of $11.73 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. Advance Auto Parts has a 1 year low of $164.00 and a 1 year high of $244.55. The company has a current ratio of 1.20, a quick ratio of 0.25 and a debt-to-equity ratio of 0.41. The stock's fifty day moving average is $183.69 and its two-hundred day moving average is $202.47.

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

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Friday, June 17th were given a $1.50 dividend. The ex-dividend date was Thursday, June 16th. This represents a $6.00 annualized dividend and a yield of 3.10%. Advance Auto Parts's payout ratio is 66.82%.

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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
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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
8/07/2022
Next Earnings (Estimated)
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
+25.2%
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
$16.60 per share
Book Value
$50.17 per share

Miscellaneous

Free Float
60,397,000
Market Cap
$11.73 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 twelve months. 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" Advance Auto Parts stock.
View analyst ratings for Advance Auto Parts
or view top-rated stocks.

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

17 Wall Street analysts have issued 1-year target prices for Advance Auto Parts' stock. Their AAP stock forecasts range from $195.00 to $282.00. On average, they predict Advance Auto Parts' share price to reach $242.17 in the next year. This suggests a possible upside of 25.2% from the stock's current price.
View analysts' price targets for Advance Auto Parts
or view top-rated stocks among Wall Street analysts.

How has Advance Auto Parts' stock price performed in 2022?

Advance Auto Parts' stock was trading at $239.88 at the start of the year. Since then, AAP stock has decreased by 19.4% and is now trading at $193.42.
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 presently 5.0 days. Currently, 7.0% of the company's shares are short sold.
View Advance Auto Parts' Short Interest
.

When is Advance Auto Parts' next earnings date?

Advance Auto Parts is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our earnings forecast for Advance Auto Parts
.

How were Advance Auto Parts' earnings last quarter?

Advance Auto Parts, Inc. (NYSE:AAP) released its quarterly earnings results on Monday, May, 23rd. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.53 by $0.04. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.39 billion. Advance Auto Parts had a trailing twelve-month return on equity of 24.74% and a net margin of 5.16%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.34 EPS.
Read Advance Auto Parts' 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. Investors of record on Friday, June 17th will be paid a dividend of $1.50 per share on Friday, July 1st. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Thursday, June 16th.
View Advance Auto Parts' dividend history
.

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 3.10%. Advance Auto Parts 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 of Advance Auto Parts is 66.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Advance Auto Parts will have a dividend payout ratio of 38.86% next year. This indicates that Advance Auto Parts will be able to sustain or increase its dividend.
View Advance Auto Parts' dividend history.

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 Monday, June, 20th. The company provided earnings per share guidance of $13.30-$13.85 for the period, compared to the consensus EPS 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 CEO Thomas Greco on Glassdoor.com. Thomas Greco has an approval rating of 63% among Advance Auto Parts' 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 (1.53%), Scharf Investments LLC (1.36%), Ceredex Value Advisors LLC (1.05%), Frontier Capital Management Co. LLC (0.56%), Ardevora Asset Management LLP (0.47%) and Russell Investments Group Ltd. (0.46%). Company insiders that own Advance Auto Parts stock include Andrew E Page, Carla Jean Bailo, Natalie Schechtman, Robert B Cushing and Tammy M Finley.
View institutional ownership trends for Advance Auto Parts
.

How do I buy shares of Advance Auto Parts?

Shares of AAP 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 $193.42.

How much money does Advance Auto Parts make?

Advance Auto Parts (NYSE:AAP) has a market capitalization of $11.73 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?

Advance Auto Parts 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 Advance Auto Parts 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 8/7/2022 by MarketBeat.com Staff

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