NYSE:AAP - Advance Auto Parts Stock Price, News, & Analysis

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$159.72 +0.23 (+0.14 %)
(As of 08/17/2018 04:00 PM ET)
Previous Close$159.72
Today's Range$159.01 - $160.16
52-Week Range$78.81 - $160.63
Volume965,971 shs
Average Volume1.17 million shs
Market Capitalization$10.83 billion
P/E Ratio29.74
Dividend Yield0.15%
Beta1.12
Advance Auto Parts logoAdvance Auto Parts, Inc. provides automotive replacement parts, batteries, accessories, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. It 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 AC chemicals and accessories, air fresheners, antifreeze and washer fluids, electrical wires and fuses, electronics, 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, wiper blades, floor mats, seat covers, and interior accessories. In addition, it 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, battery charging, check engine light reading, video clinic, oil and battery recycling, loaner tool program, and electrical system testing services. Additionally, it sells its products through its Website. It serves do-it-for-me and do-it-yourself customers, professional installers, and independently-owned operators. As of December 30, 2017, it operated 5,054 stores under Advance Auto Parts, Autopart International, and Carquest brand names; and 129 branches under the Worldpac brand name in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada. It also served approximately 1,218 independently owned Carquest branded stores in Mexico, the Bahamas, Turks and Caicos, the British Virgin Islands, and the Pacific Islands. The company was founded in 1929 and is based in Roanoke, Virginia.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Auto & home supply stores
Sub-IndustryAutomotive Retail
SectorRetail/Wholesale
SymbolNYSE:AAP
CUSIP00751Y10
Phone540-362-4911

Debt

Debt-to-Equity Ratio0.29
Current Ratio1.61
Quick Ratio0.40

Price-To-Earnings

Trailing P/E Ratio29.74
Forward P/E Ratio23.49
P/E Growth1.96

Sales & Book Value

Annual Sales$9.37 billion
Price / Sales1.26
Cash Flow$9.5641 per share
Price / Cash16.70
Book Value$46.22 per share
Price / Book3.46

Profitability

EPS (Most Recent Fiscal Year)$5.37
Net Income$475.50 million
Net Margins5.39%
Return on Equity13.09%
Return on Assets5.13%

Miscellaneous

Employees71,000
Outstanding Shares74,080,000
Market Cap$10.83 billion

Advance Auto Parts (NYSE:AAP) Frequently Asked Questions

What is Advance Auto Parts' stock symbol?

Advance Auto Parts trades on the New York Stock Exchange (NYSE) under the ticker symbol "AAP."

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 Tuesday, August 14th. Shareholders of record on Friday, September 21st will be given a dividend of $0.06 per share on Friday, October 5th. This represents a $0.24 annualized dividend and a dividend yield of 0.15%. The ex-dividend date is Thursday, September 20th. View Advance Auto Parts' Dividend History.

How will Advance Auto Parts' stock buyback program work?

Advance Auto Parts declared that its board has approved a stock repurchase program on Tuesday, August 14th 2018, which permits the company to repurchase $600,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 5.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

How were Advance Auto Parts' earnings last quarter?

Advance Auto Parts, Inc. (NYSE:AAP) announced its quarterly earnings data on Tuesday, August, 14th. The company reported $1.97 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.11. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.26 billion. Advance Auto Parts had a net margin of 5.39% and a return on equity of 13.09%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 earnings per share. View Advance Auto Parts' Earnings History.

When is Advance Auto Parts' next earnings date?

Advance Auto Parts is scheduled to release their next quarterly earnings announcement on Tuesday, November, 13th 2018. View Earnings Estimates for Advance Auto Parts.

What price target have analysts set for AAP?

21 brokers have issued 12 month price targets for Advance Auto Parts' shares. Their forecasts range from $75.00 to $175.00. On average, they anticipate Advance Auto Parts' stock price to reach $141.9444 in the next twelve months. This suggests that the stock has a possible downside of 11.1%. View Analyst Price Targets for Advance Auto Parts.

What is the consensus analysts' recommendation for Advance Auto Parts?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Advance Auto Parts in the last year. There are currently 2 sell ratings, 8 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Advance Auto Parts.

What are Wall Street analysts saying about Advance Auto Parts stock?

Here are some recent quotes from research analysts about Advance Auto Parts stock:
  • 1. Wells Fargo & Co analysts commented, "We view today’s results as obviously encouraging and reflecting both a more favorable industry backdrop as well as AAP’s sales/turnaround initiatives. With investor sentiment warming up to AAP (and the industry) following 3 years of sales declines, we believe momentum is poised to continue with easing y/y compares in 2H, a new buyback in place, and a revised/raised profit forecast that still appears manageable. That said, we believe considerable work remains on a long-term turnaround, as Q2 comps lagged ORLY by 180bps and margins remain a sticking point with AAP’s EBIT gap (albeit improving) 1,100bps below peers (with ~700bps addressable, per AAP). We are raising our PT to $165 (21x our CY19E EPS) reflecting these improvements, yet view risk/reward more balanced over the next 12-18 months, particularly relative to peers owing to AAP’s elevated valuation and heightened execution risk." (8/14/2018)
  • 2. According to Zacks Investment Research, "Advance Auto Parts is focusing to expand its footprint by opening stores, widening online presence and collaborations. Further, to meet the evolving need of the customers, Advance Auto Parts is streamlining its supply chain and is opting for store transformation and inventory positioning. Also, its past investments and reduction in material costs are driving the company’s gross margin. It has also outlined a five-year strategy to remove unnecessary costs up to $750 million within a span of four to five years. In the last three months, shares of the company have outperformed the industry it belongs to. However, huge capital expenditure and price competition are concerns for Advance Auto Parts." (8/9/2018)
  • 3. Robert W. Baird analysts commented, "This morning (2/22), The Marcus Corporation (MCS) reported 4Q17 results that were mixed vs. our estimates, but exceeded consensus across the board. While the Hotel/Resorts division results came in below our modeled projections due to the end of a hotel management contract, the underlying trends for both the Theater and Hotels/Resorts remain strong with MCS outperforming the industry box office growth by 520 bps in the quarter and RevPAR for the Hotels/Resorts division coming in ahead of our projection. In our opinion, both of these trends (along with management’s clear goal of boosting shareholder returns) provides an attractive set-up for MCS during 2018 — especially with our optimistic view on the exhibitor group into an easy summer box office comp. We are reiterating our Buy rating and $34.00 PT." (2/22/2018)

Who are some of Advance Auto Parts' key competitors?

Some companies that are related to Advance Auto Parts include O'Reilly Automotive (ORLY), AutoZone (AZO), HALFORDS Grp PL/ADR (HLFDY), MarineMax (HZO) and U.S. Auto Parts Network (PRTS).

Who are Advance Auto Parts' key executives?

Advance Auto Parts' management team includes the folowing people:
  • Mr. Thomas R. Greco, Pres, CEO & Director (Age 60)
  • Mr. Jeffrey Shepherd, Sr. VP, Interim CFO, Corp. Controller & Chief Accounting Officer (Age 45)
  • Ms. Tammy Moss Finley, Exec. VP, Gen. Counsel & Corp. Sec. (Age 51)
  • Mr. Robert B. Cushing, Exec. VP of Professional (Age 64)
  • Mr. Carlos A. Saladrigas, Co-Founder and Chief Exec. Officer of Regis HR (Age 69)

Has Advance Auto Parts been receiving favorable news coverage?

News coverage about AAP stock has trended somewhat positive on Saturday, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Advance Auto Parts earned a news and rumor sentiment score of 0.10 on Accern's scale. They also gave media headlines about the company an impact score of 46.46 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View Recent Headlines for Advance Auto Parts.

Who are Advance Auto Parts' major shareholders?

Advance Auto Parts' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.12%), Artisan Partners Limited Partnership (4.97%), American Century Companies Inc. (2.31%), Wells Fargo & Company MN (1.47%), Scharf Investments LLC (1.27%) and Bessemer Group Inc. (1.19%). Company insiders that own Advance Auto Parts stock include Adriana Karaboutis, Brad W Buss, Charles E Tyson, Eugene I Lee Jr, Jeffrey C Smith, John C Brouillard, John F Bergstrom, John Francis Ferraro, Nigel Travis, Reuben E Slone, Robert B Cushing, Tammy M Finley, Thomas Greco and William Harrison Carter. View Institutional Ownership Trends for Advance Auto Parts.

Which major investors are selling Advance Auto Parts stock?

AAP stock was sold by a variety of institutional investors in the last quarter, including ACR Alpine Capital Research LLC, Scharf Investments LLC, Thompson Siegel & Walmsley LLC, American Century Companies Inc., Bessemer Group Inc., Millennium Management LLC, Global Thematic Partners LLC and Coronation Fund Managers Ltd.. Company insiders that have sold Advance Auto Parts company stock in the last year include John C Brouillard and Tammy M Finley. View Insider Buying and Selling for Advance Auto Parts.

Which major investors are buying Advance Auto Parts stock?

AAP stock was bought by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Boston Partners, Allen Investment Management LLC, Wells Fargo & Company MN, Columbus Circle Investors, Point72 Asset Management L.P., Dimensional Fund Advisors LP and Intrinsic Edge Capital Management LLC. Company insiders that have bought Advance Auto Parts stock in the last two years include Adriana Karaboutis, Brad W Buss, Charles E Tyson, Eugene I Lee Jr, Jeffrey C Smith, John F Bergstrom, John Francis Ferraro, Nigel Travis, Reuben E Slone, Robert B Cushing and Thomas Greco. View Insider Buying and Selling 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Advance Auto Parts' stock price today?

One share of AAP stock can currently be purchased for approximately $159.72.

How big of a company is Advance Auto Parts?

Advance Auto Parts has a market capitalization of $10.83 billion and generates $9.37 billion in revenue each year. The company earns $475.50 million in net income (profit) each year or $5.37 on an earnings per share basis. Advance Auto Parts employs 71,000 workers across the globe.

How can I contact Advance Auto Parts?

Advance Auto Parts' mailing address is 5008 Airport Road, Roanoke VA, 24012. The company can be reached via phone at 540-362-4911 or via email at [email protected]


MarketBeat Community Rating for Advance Auto Parts (NYSE AAP)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  682 (Vote Outperform)
Underperform Votes:  596 (Vote Underperform)
Total Votes:  1,278
MarketBeat's community ratings are surveys of what our community members think about Advance Auto Parts and other stocks. Vote "Outperform" if you believe AAP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AAP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/18/2018 by MarketBeat.com Staff

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