Advance Auto Parts (NYSE:AAP) Issues FY 2025 Earnings Guidance

Advance Auto Parts (NYSE:AAP) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.500-2.500 for the period, compared to the consensus estimate of 1.560. The company issued revenue guidance of $8.4 billion-$8.6 billion, compared to the consensus revenue estimate of $8.5 billion.

Wall Street Analysts Forecast Growth

Several analysts have commented on AAP shares. UBS Group upped their target price on shares of Advance Auto Parts from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Wells Fargo & Company increased their target price on Advance Auto Parts from $40.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. The Goldman Sachs Group lowered their target price on shares of Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Evercore ISI lifted their price target on shares of Advance Auto Parts from $45.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Finally, Barclays lowered their price objective on shares of Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Advance Auto Parts currently has a consensus rating of “Hold” and an average price target of $47.88.

Advance Auto Parts Stock Down 17.1 %

NYSE:AAP traded down $7.87 on Wednesday, hitting $38.01. 6,997,951 shares of the company’s stock were exchanged, compared to its average volume of 1,964,405. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62. The firm has a 50-day moving average price of $46.22 and a 200-day moving average price of $43.98. The company has a market cap of $2.27 billion, a P/E ratio of 52.07, a price-to-earnings-growth ratio of 1.98 and a beta of 1.15. Advance Auto Parts has a 52 week low of $35.59 and a 52 week high of $88.56.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($1.18) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.21. Advance Auto Parts had a return on equity of 1.82% and a net margin of 0.41%. As a group, analysts expect that Advance Auto Parts will post -0.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total transaction of $56,220.56. Following the transaction, the executive vice president now owns 24,266 shares of the company’s stock, valued at $1,069,159.96. The trade was a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

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.