Advance Auto Parts (NYSE:AAP) Releases Quarterly Earnings Results

Advance Auto Parts (NYSE:AAP) released its quarterly earnings results on Thursday. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.38, FiscalAI reports. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%. Advance Auto Parts updated its FY 2026 guidance to 2.400-3.100 EPS.

Advance Auto Parts Price Performance

AAP opened at $51.22 on Thursday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.75 and a quick ratio of 0.87. The stock’s 50 day simple moving average is $53.69 and its 200 day simple moving average is $50.29. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 70.16, a PEG ratio of 0.87 and a beta of 1.06. Advance Auto Parts has a 1 year low of $31.28 and a 1 year high of $70.00.

Hedge Funds Weigh In On Advance Auto Parts

A number of large investors have recently bought and sold shares of AAP. Price T Rowe Associates Inc. MD increased its stake in Advance Auto Parts by 18.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,474,546 shares of the company’s stock worth $293,751,000 after purchasing an additional 1,190,094 shares during the period. Maple Rock Capital Partners Inc. increased its stake in Advance Auto Parts by 508.2% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 951,790 shares of the company’s stock worth $58,440,000 after purchasing an additional 795,290 shares during the period. Wellington Management Group LLP bought a new stake in shares of Advance Auto Parts in the 3rd quarter worth approximately $33,610,000. Ameriprise Financial Inc. increased its stake in shares of Advance Auto Parts by 196.7% during the third quarter. Ameriprise Financial Inc. now owns 679,926 shares of the company’s stock valued at $41,747,000 after buying an additional 450,738 shares during the period. Finally, Estuary Capital Management LP increased its stake in shares of Advance Auto Parts by 81.9% during the fourth quarter. Estuary Capital Management LP now owns 940,592 shares of the company’s stock valued at $36,965,000 after buying an additional 423,499 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Truist Financial decreased their price objective on Advance Auto Parts from $57.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, May 13th. DA Davidson set a $58.00 price objective on Advance Auto Parts in a report on Tuesday, February 17th. Roth Mkm reissued a “neutral” rating and set a $57.00 price objective on shares of Advance Auto Parts in a report on Thursday, February 19th. Northcoast Research raised Advance Auto Parts from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Wednesday, January 21st. Finally, Morgan Stanley set a $60.00 price objective on Advance Auto Parts in a report on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Advance Auto Parts has a consensus rating of “Reduce” and a consensus price target of $52.72.

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.