Advance Auto Parts (NYSE:AAP) Price Target Raised to $60.00 at Citigroup

Advance Auto Parts (NYSE:AAP) had its target price raised by research analysts at Citigroup from $57.00 to $60.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 7.46% from the stock’s current price.

A number of other equities analysts have also weighed in on AAP. JPMorgan Chase & Co. dropped their target price on shares of Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. DA Davidson set a $58.00 target price on shares of Advance Auto Parts in a research report on Tuesday, February 17th. Morgan Stanley upped their target price on shares of Advance Auto Parts from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday. BMO Capital Markets upped their target price on shares of Advance Auto Parts from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, TD Cowen restated a “hold” rating on shares of Advance Auto Parts in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $56.19.

Advance Auto Parts Price Performance

Shares of NYSE:AAP traded down $2.78 during midday trading on Friday, reaching $55.84. 824,622 shares of the company were exchanged, compared to its average volume of 1,827,023. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55. The business’s fifty day moving average is $53.84 and its two-hundred day moving average is $50.37. Advance Auto Parts has a one year low of $37.89 and a one year high of $70.00. The stock has a market cap of $3.37 billion, a PE ratio of 76.63, a price-to-earnings-growth ratio of 0.90 and a beta of 1.06.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Thursday, May 21st. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.38. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. Advance Auto Parts’s revenue for the quarter was up 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. As a group, analysts predict that Advance Auto Parts will post 2.77 earnings per share for the current year.

Hedge Funds Weigh In On Advance Auto Parts

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new position in Advance Auto Parts during the third quarter valued at $31,000. AlphaCore Capital LLC lifted its position in Advance Auto Parts by 6,288.9% during the third quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock valued at $35,000 after purchasing an additional 566 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in Advance Auto Parts during the third quarter valued at $52,000. Westfuller Advisors LLC bought a new position in Advance Auto Parts during the third quarter valued at $56,000. Finally, Hantz Financial Services Inc. lifted its position in Advance Auto Parts by 184.5% during the fourth quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock valued at $36,000 after purchasing an additional 596 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Key Headlines Impacting Advance Auto Parts

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

• Positive Sentiment: Advance Auto Parts reported Q1 EPS of $0.77, well above estimates of $0.39, while revenue of $2.61 billion also topped expectations. The beat suggests the turnaround is gaining traction. Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance
• Positive Sentiment: The company posted its strongest quarterly same-store sales growth in five years, driven by improving Pro and DIY demand, which supports confidence in a sustained recovery. Advance Auto Parts Gets Sales Boost From Pro Business
• Positive Sentiment: Margins improved meaningfully, with adjusted operating income margin expanding sharply year over year, signaling better execution and a more efficient business model. Why Advance Auto Parts Stock Skyrocketed Today
• Neutral Sentiment: Several brokerages raised their price targets to $65, but kept neutral-ish ratings such as equal weight, neutral, sector perform, and market perform. That suggests analysts see more upside, but not enough to turn fully bullish yet.
• Neutral Sentiment: Advance Auto Parts reaffirmed full-year 2026 guidance rather than raising it, which may temper enthusiasm even after the strong quarter. Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance
• Neutral Sentiment: The company also declared a quarterly dividend of $0.25 per share, a supportive shareholder return but not a major near-term stock catalyst.

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.