Advance Auto Parts (NYSE:AAP – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.22, FiscalAI reports. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.04 billion. Advance Auto Parts updated its FY 2026 guidance to 2.600-3.300 EPS.
Advance Auto Parts Stock Down 1.1%
Advance Auto Parts stock opened at $56.35 on Thursday. The business’s 50-day simple moving average is $57.30 and its two-hundred day simple moving average is $55.47. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.85 and a current ratio of 1.78. The company has a market cap of $3.40 billion, a PE ratio of 78.26, a PEG ratio of 0.94 and a beta of 1.03. Advance Auto Parts has a fifty-two week low of $37.89 and a fifty-two week high of $65.21.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on AAP shares. Weiss Ratings upgraded Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Evercore set a $65.00 price target on Advance Auto Parts in a research note on Tuesday, August 4th. Morgan Stanley raised their price target on Advance Auto Parts from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. BMO Capital Markets boosted their price target on Advance Auto Parts from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $58.91.
Advance Auto Parts News Summary
Here are the key news stories impacting Advance Auto Parts this week:
- Positive Sentiment: Second-quarter earnings were stronger than expected, with diluted EPS of $0.90 versus $0.25 a year earlier; another reported EPS measure was $1.03, above the $0.81 consensus estimate. Advance Auto Parts Reports $55 Million Second-Quarter Profit as Sales Hold at $2 Billion
- Positive Sentiment: Profitability improved materially: operating income rose to $101 million, or 5.1% of sales, from $22 million, or 1.1%, a year earlier, while gross margin expanded to 46.2% from 43.5%. The company also reduced net leverage to 2.1x from 2.4x and repurchased $30 million of debt principal. Advance Auto Parts Reports Second Quarter 2026 Results
- Neutral Sentiment: Advance Auto Parts reaffirmed its full-year 2026 sales guidance of $8.485 billion to $8.575 billion, offering some stability despite the weaker quarterly sales trend. Advance Auto Parts Reports $55 Million Second-Quarter Profit as Sales Hold at $2 Billion
- Negative Sentiment: Comparable-store sales fell 0.5% in the quarter, a surprise decline that investors viewed as evidence that consumers are cutting back on discretionary automotive purchases. Advance Auto Parts Stock Sinks After Earnings as Same-Store Sales Decline
- Negative Sentiment: Revenue was approximately $2.0 billion, below analysts’ $2.04 billion estimate. With a net margin of only 0.51%, the sales shortfall and continued pressure on demand remain important risks despite the earnings beat. Advance Auto Parts Earnings Results
Institutional Investors Weigh In On Advance Auto Parts
Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its holdings in Advance Auto Parts by 107.2% in the 1st quarter. Royal Bank of Canada now owns 79,558 shares of the company’s stock worth $3,119,000 after buying an additional 41,157 shares during the period. Goldman Sachs Group Inc. lifted its stake in Advance Auto Parts by 327.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 362,918 shares of the company’s stock valued at $14,230,000 after acquiring an additional 278,066 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Advance Auto Parts by 14.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,979 shares of the company’s stock valued at $7,096,000 after acquiring an additional 23,018 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Advance Auto Parts by 3.1% in the 2nd quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after acquiring an additional 191 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of Advance Auto Parts by 2.7% in the 2nd quarter. Baird Financial Group Inc. now owns 56,782 shares of the company’s stock valued at $2,640,000 after acquiring an additional 1,515 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.
Advance Auto Parts Company Profile
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.
Featured Stories
- Five stocks we like better than Advance Auto Parts
- Analog Devices’ AI Pivot Could Push Shares to Fresh Highs
- One Platform, Every Ailment: Hinge Health’s Gamble
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
Receive News & Ratings for Advance Auto Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advance Auto Parts and related companies with MarketBeat.com's FREE daily email newsletter.
