Advance Auto Parts (NYSE:AAP) Research Coverage Started at Bank of America

Posted by Geri Gentry on Oct 29th, 2026

Bank of America assumed coverage on shares of Advance Auto Parts (NYSE:AAP – Free Report) in a report released on Monday, MarketBeat Ratings reports. The brokerage issued an underperform rating and a $42.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the stock. DA Davidson lowered their price target on Advance Auto Parts from $58.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, August 21st. Barclays lowered their target price on Advance Auto Parts from $59.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Weiss Ratings downgraded Advance Auto Parts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 9th. TD Cowen cut their price target on Advance Auto Parts from $61.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, August 20th. Finally, Evercore set a $45.00 price objective on Advance Auto Parts in a research report on Tuesday, October 6th. Two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $47.61.

Check Out Our Latest Analysis on Advance Auto Parts

Advance Auto Parts Stock Down 0.5%

Shares of Advance Auto Parts stock opened at $45.61 on Monday. The stock has a market capitalization of $2.75 billion, a P/E ratio of 33.29, a PEG ratio of 0.76 and a beta of 1.07. The company has a quick ratio of 0.85, a current ratio of 1.75 and a debt-to-equity ratio of 1.50. The stock has a 50 day moving average price of $43.02 and a two-hundred day moving average price of $51.57. Advance Auto Parts has a 12-month low of $37.89 and a 12-month high of $65.20.

Advance Auto Parts (NYSE:AAP – Get Free Report) last announced its quarterly earnings results on Thursday, August 20th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.81 by $0.22. Advance Auto Parts had a return on equity of 9.84% and a net margin of 0.97%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. Equities analysts expect that Advance Auto Parts will post 2.95 earnings per share for the current year.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were given a $0.25 dividend. The ex-dividend date was Friday, October 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. Advance Auto Parts’s dividend payout ratio (DPR) is currently 72.99%.

Institutional Trading of Advance Auto Parts

Several institutional investors have recently modified their holdings of AAP. Legal & General Group Plc acquired a new position in Advance Auto Parts in the second quarter worth about $9,699,000. BlackRock Inc. acquired a new stake in Advance Auto Parts during the second quarter valued at approximately $581,909,000. Fund 1 Investments LLC acquired a new stake in Advance Auto Parts during the second quarter valued at approximately $12,999,000. PEAK6 LLC acquired a new stake in Advance Auto Parts during the second quarter valued at approximately $1,817,000. Finally, Solas Capital Management LLC bought a new stake in shares of Advance Auto Parts in the 2nd quarter valued at approximately $10,525,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Advance Auto Parts News Summary

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

Positive Sentiment: Director Cynthia Jamison acquired 19.728 shares through dividend reinvestment, signaling continued participation in the company’s shareholder-return program. However, the transaction is small and is unlikely to materially affect valuation. Advance Auto Parts Director Cynthia Jamison Acquires 19.728 Shares Through Dividend Reinvestment
Neutral Sentiment: Bank of America began coverage of Advance Auto Parts. The initial coverage could increase institutional attention, although no recommendation or price target was provided in the available report. Bank of America Begins Coverage on Advance Auto Parts
Neutral Sentiment: Analyst comparisons highlight AAP’s more than 4,300-store network and focus on the essential professional repair market. The company is also pursuing a supply-chain transformation to improve service for professional installers and do-it-yourself customers, but the articles contrast this strategy with faster-growing competitors. Advance Auto Parts vs. Five Below: Expand or Revamp? Advance Auto Parts vs. DoorDash
Negative Sentiment: Rothschild & Co. Redburn downgraded AAP from “neutral” to “sell” and cut its price target from $45 to $32, implying approximately 30% downside from the cited share price. This is the clearest immediate negative catalyst. Rothschild & Co. Redburn Downgrade
Negative Sentiment: Recent comparisons with Booking Holdings, Chewy, and Airbnb describe AAP’s revenue as largely flat or slightly declining over recent quarters, while those companies posted stronger growth. The weak top-line trend reinforces concerns about execution and competitive positioning. Advance Auto Parts vs. Booking Holdings

Advance Auto Parts Company Profile

(Get Free Report)

Advance Auto Parts, Inc is a specialty retailer and distributor of automotive aftermarket parts, accessories, and maintenance products. The company serves both do-it-yourself customers and professional repair shops, offering products such as replacement parts, batteries, engine and drivetrain components, filters, fluids, tools, and other automotive supplies.

The company operates through a network of stores, distribution centers, and online channels under the Advance Auto Parts and Carquest brands.