Advance Auto Parts (NYSE:AAP) Shares Up 7.3% – Should You Buy?

Posted by Brian Himes on May 20th, 2026

Advance Auto Parts, Inc. (NYSE:AAP – Get Free Report)’s stock price shot up 7.3% during mid-day trading on Monday . The stock traded as high as $50.54 and last traded at $50.6330. 1,528,313 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 1,735,552 shares. The stock had previously closed at $47.17.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AAP. Truist Financial decreased their target price on Advance Auto Parts from $57.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, May 13th. Roth Mkm reissued a “neutral” rating and issued a $57.00 target price on shares of Advance Auto Parts in a research report on Thursday, February 19th. Wells Fargo & Company raised their price objective on Advance Auto Parts from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 11th. UBS Group reaffirmed a “neutral” rating on shares of Advance Auto Parts in a research report on Monday, February 9th. Finally, BMO Capital Markets raised their price objective on Advance Auto Parts from $55.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $52.72.

Get Our Latest Report on Advance Auto Parts

Advance Auto Parts Trading Up 3.4%

The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 1.75. The company has a market cap of $3.09 billion, a P/E ratio of 70.16, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. The stock has a 50-day moving average of $53.69 and a two-hundred day moving average of $50.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in Advance Auto Parts by 559.0% during the 3rd quarter. American Century Companies Inc. now owns 1,519,591 shares of the company’s stock valued at $93,303,000 after purchasing an additional 1,288,986 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Advance Auto Parts by 18.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,474,546 shares of the company’s stock valued at $293,751,000 after purchasing an additional 1,190,094 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its stake in Advance Auto Parts by 508.2% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 951,790 shares of the company’s stock valued at $58,440,000 after purchasing an additional 795,290 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Advance Auto Parts during the 3rd quarter valued at $33,610,000. Finally, Private Management Group Inc. purchased a new stake in Advance Auto Parts during the 4th quarter valued at $20,123,000. Institutional investors own 88.70% of the company’s stock.

About Advance Auto Parts

(Get Free Report)

Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.