122,075 Shares in Advance Auto Parts, Inc. $AAP Purchased by Ceredex Value Advisors LLC

Posted by Stanley Muller on Aug 22nd, 2026

Ceredex Value Advisors LLC acquired a new position in shares of Advance Auto Parts, Inc. (NYSE:AAP – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm acquired 122,075 shares of the company’s stock, valued at approximately $7,596,000.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Advance Auto Parts by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,127,948 shares of the company’s stock worth $112,243,000 after purchasing an additional 282,591 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Advance Auto Parts by 4.5% in the first quarter. Bank of America Corp DE now owns 1,056,281 shares of the company’s stock worth $55,719,000 after buying an additional 45,696 shares in the last quarter. Private Management Group Inc. acquired a new position in Advance Auto Parts during the fourth quarter worth about $20,123,000. Royce & Associates LP boosted its position in Advance Auto Parts by 30.5% during the fourth quarter. Royce & Associates LP now owns 1,478,633 shares of the company’s stock worth $58,110,000 after acquiring an additional 345,217 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Advance Auto Parts by 96.4% during the 1st quarter. Sei Investments Co. now owns 75,520 shares of the company’s stock valued at $3,984,000 after acquiring an additional 37,077 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $42.85 on Friday. The company’s 50-day moving average is $56.58 and its two-hundred day moving average is $55.35. Advance Auto Parts, Inc. has a 1-year low of $37.89 and a 1-year high of $65.21. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.75 and a quick ratio of 0.85. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 0.71 and a beta of 1.03.

Advance Auto Parts (NYSE:AAP – Get Free Report) last announced its quarterly earnings results on Thursday, August 20th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.22. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.04 billion. Advance Auto Parts had a net margin of 0.97% and a return on equity of 9.84%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. Analysts forecast that Advance Auto Parts, Inc. will post 2.9 EPS for the current year.

Advance Auto Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, October 9th. Advance Auto Parts’s dividend payout ratio is presently 72.99%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Morgan Stanley cut their price objective on shares of Advance Auto Parts from $65.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday. TD Cowen lowered their target price on Advance Auto Parts from $61.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday. Roth Capital set a $48.00 price target on Advance Auto Parts in a research report on Friday. Citigroup cut their price target on Advance Auto Parts from $57.00 to $45.00 and set a “neutral” rating for the company in a report on Friday. Finally, Evercore set a $65.00 price objective on Advance Auto Parts in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Advance Auto Parts currently has a consensus rating of “Hold” and an average target price of $50.80.

Check Out Our Latest Report on Advance Auto Parts

Trending Headlines about Advance Auto Parts

Here are the key news stories impacting Advance Auto Parts this week:

Positive Sentiment: Adjusted earnings beat expectations. Advance Auto Parts reported second-quarter adjusted EPS of $1.03, above the $0.81 consensus estimate and up from $0.69 a year earlier. The company also raised its FY2026 adjusted EPS guidance to $2.60–$3.30, while maintaining its sales outlook. Advance Auto Parts Analysts Cut Their Forecasts After Q2 Results
Positive Sentiment: Margins and balance-sheet metrics improved. A $26 million tariff refund helped support quarterly margins, while gross margin expanded to 46.2% from 43.5% a year earlier. Advance also reduced net leverage to 2.1x from 2.4x and repaid approximately $30 million of debt. Advance Auto Parts Rebounds After Tariff Refund Boosts Q2 Margins
Neutral Sentiment: Analyst targets remain mixed. JPMorgan lowered its target to $55, Morgan Stanley and RBC each moved to $52, and Citigroup cut its target to $45; all maintained neutral or equivalent ratings. These targets imply upside from recent levels, but Goldman Sachs reduced its target to $40 and assigned a Sell rating. Benzinga analyst updates
Neutral Sentiment: The dividend provides shareholder support. Advance Auto Parts declared a quarterly dividend of $0.25 per share, with payment scheduled for October 23 to shareholders of record on October 9. The dividend yield is approximately 2.4%.
Negative Sentiment: Sales momentum remains the main concern. Second-quarter revenue of approximately $2.0 billion missed estimates near $2.04 billion, while comparable-store sales declined 0.5%. Weak demand from cost-conscious, lower-income do-it-yourself customers and a volatile spending environment raised concerns about the pace of sales acceleration and required reinvestment. Advance Auto Parts Posts Disappointing Q2 Comparable Sales
Negative Sentiment: Broad target reductions underscore execution risk. Goldman Sachs’s Sell rating and Bank of America’s reiterated Sell/Underperform view highlight concerns over weak DIY demand and the company’s ability to execute its turnaround, even after the earnings beat. Bank of America Reiterates Sell Rating

Advance Auto Parts Company Profile

(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.