Equities Analysts Set Expectations for AAP FY2025 Earnings

Advance Auto Parts, Inc. (NYSE:AAP) – Stock analysts at Wedbush issued their FY2025 earnings estimates for shares of Advance Auto Parts in a research note issued on Monday, November 11th. Wedbush analyst S. Basham expects that the company will post earnings of $2.68 per share for the year. Wedbush has a “Outperform” rating and a $55.00 price objective on the stock. The consensus estimate for Advance Auto Parts’ current full-year earnings is $2.19 per share. Wedbush also issued estimates for Advance Auto Parts’ FY2026 earnings at $3.77 EPS.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.22). Advance Auto Parts had a return on equity of 0.05% and a net margin of 0.01%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period last year, the business posted $1.43 earnings per share. The company’s revenue was down .1% compared to the same quarter last year.

Several other analysts also recently commented on AAP. Evercore ISI cut their target price on Advance Auto Parts from $71.00 to $67.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 22nd. Truist Financial cut their price objective on Advance Auto Parts from $46.00 to $41.00 and set a “hold” rating for the company in a research report on Thursday, November 7th. Wells Fargo & Company dropped their target price on Advance Auto Parts from $50.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, September 13th. Mizuho reissued a “neutral” rating and issued a $38.00 price objective (down previously from $45.00) on shares of Advance Auto Parts in a research note on Thursday, September 12th. Finally, TD Cowen decreased their price target on shares of Advance Auto Parts from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $54.08.

Advance Auto Parts Stock Up 0.5 %

Shares of NYSE AAP opened at $41.15 on Wednesday. The firm has a market capitalization of $2.46 billion, a PE ratio of 4,115.00, a price-to-earnings-growth ratio of 1.30 and a beta of 1.17. The company has a current ratio of 1.23, a quick ratio of 0.30 and a debt-to-equity ratio of 0.69. The firm has a fifty day simple moving average of $39.06 and a two-hundred day simple moving average of $54.63. Advance Auto Parts has a 12 month low of $35.59 and a 12 month high of $88.56.

Hedge Funds Weigh In On Advance Auto Parts

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Advance Auto Parts during the 1st quarter worth about $34,000. Mather Group LLC. increased its holdings in Advance Auto Parts by 1,241.7% in the 2nd quarter. Mather Group LLC. now owns 644 shares of the company’s stock valued at $41,000 after purchasing an additional 596 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Advance Auto Parts in the second quarter valued at approximately $41,000. Blue Trust Inc. grew its stake in shares of Advance Auto Parts by 56.7% during the third quarter. Blue Trust Inc. now owns 1,205 shares of the company’s stock valued at $47,000 after acquiring an additional 436 shares in the last quarter. Finally, AM Squared Ltd acquired a new stake in shares of Advance Auto Parts during the second quarter worth approximately $63,000. 88.75% of the stock is owned by institutional investors and hedge funds.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company 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.