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

Advance Auto Parts (NYSE:AAP) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.200-2.20 for the period, compared to the consensus EPS estimate of 1.820. 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

AAP has been the subject of a number of recent analyst reports. Redburn Partners raised Advance Auto Parts from a “sell” rating to a “neutral” rating and set a $45.00 price objective for the company in a research report on Tuesday, June 3rd. Citigroup increased their price target on Advance Auto Parts from $49.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. DA Davidson lifted their price objective on shares of Advance Auto Parts from $47.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Roth Capital set a $50.00 price objective on shares of Advance Auto Parts and gave the company a “neutral” rating in a research report on Wednesday, May 28th. Finally, Raymond James Financial raised their target price on shares of Advance Auto Parts to $49.17 and gave the stock a “hold” rating in a research note on Monday, May 26th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Advance Auto Parts currently has an average rating of “Hold” and a consensus target price of $49.82.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $61.87 on Thursday. The company has a market cap of $3.71 billion, a price-to-earnings ratio of -10.54 and a beta of 1.05. Advance Auto Parts has a fifty-two week low of $28.89 and a fifty-two week high of $70.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 1.27. The stock has a fifty day moving average price of $54.97 and a 200-day moving average price of $44.58.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.10. Advance Auto Parts had a negative net margin of 3.74% and a negative return on equity of 1.76%. As a group, equities analysts anticipate that Advance Auto Parts will post -0.46 EPS for the current fiscal year.

Advance Auto Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. Advance Auto Parts’s dividend payout ratio is -17.04%.

Insider Activity

In related news, SVP Jason Hand sold 948 shares of Advance Auto Parts stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $48.52, for a total value of $45,996.96. Following the transaction, the senior vice president directly owned 9,876 shares of the company’s stock, valued at $479,183.52. This trade represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Advance Auto Parts

Institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its position in Advance Auto Parts by 6.8% during the 2nd quarter. California Public Employees Retirement System now owns 74,025 shares of the company’s stock worth $3,441,000 after acquiring an additional 4,732 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of Advance Auto Parts during the second quarter valued at about $338,000. Baird Financial Group Inc. grew its holdings in shares of Advance Auto Parts by 2.7% during the second quarter. Baird Financial Group Inc. now owns 56,782 shares of the company’s stock worth $2,640,000 after purchasing an additional 1,515 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Advance Auto Parts by 3.1% in the second quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after buying an additional 191 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Advance Auto Parts by 14.6% in the first 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 buying an additional 23,018 shares during the period. 88.75% of the stock is currently 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.