FY2025 Earnings Forecast for AAP Issued By Wedbush

Advance Auto Parts, Inc. (NYSE:AAP) – Investment analysts at Wedbush issued their FY2025 earnings per share (EPS) estimates for shares of Advance Auto Parts in a report issued on Monday, November 11th. Wedbush analyst S. Basham expects that the company will earn $2.68 per share for the year. Wedbush currently has a “Outperform” rating and a $55.00 target price 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.

AAP has been the subject of a number of other research reports. JPMorgan Chase & Co. reduced their price target on Advance Auto Parts from $68.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, August 16th. Royal Bank of Canada decreased their target price on shares of Advance Auto Parts from $52.00 to $46.00 and set a “sector perform” rating on the stock in a research note on Monday. Roth Capital upgraded shares of Advance Auto Parts to a “hold” rating in a research report on Tuesday, October 15th. Truist Financial reduced their price objective on shares of Advance Auto Parts from $46.00 to $41.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Finally, Mizuho restated a “neutral” rating and set a $38.00 target price (down previously from $45.00) on shares of Advance Auto Parts in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $54.08.

Advance Auto Parts Trading Down 1.6 %

Shares of AAP stock opened at $39.91 on Wednesday. Advance Auto Parts has a 1 year low of $35.59 and a 1 year high of $88.56. The firm has a fifty day moving average price of $39.08 and a 200-day moving average price of $54.82. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 3,990.50, a PEG ratio of 1.24 and a beta of 1.17. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.23 and a quick ratio of 0.30.

Advance Auto Parts (NYSE:AAP) last released 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). The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Advance Auto Parts had a net margin of 0.01% and a return on equity of 0.05%. Advance Auto Parts’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 EPS.

Hedge Funds Weigh In On Advance Auto Parts

Several institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Advance Auto Parts by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,998,910 shares of the company’s stock valued at $340,268,000 after acquiring an additional 40,669 shares during the last quarter. Pzena Investment Management LLC grew its stake in shares of Advance Auto Parts by 140.3% in the 3rd quarter. Pzena Investment Management LLC now owns 2,908,658 shares of the company’s stock worth $113,409,000 after buying an additional 1,698,155 shares in the last quarter. Capital World Investors grew its stake in shares of Advance Auto Parts by 67.0% in the 1st quarter. Capital World Investors now owns 1,533,933 shares of the company’s stock worth $130,522,000 after buying an additional 615,674 shares in the last quarter. Third Point LLC bought a new stake in shares of Advance Auto Parts in the 1st quarter worth about $127,234,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Advance Auto Parts by 76.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,266,362 shares of the company’s stock valued at $80,197,000 after acquiring an additional 547,696 shares during the last quarter. Hedge funds and other institutional investors own 88.75% of the company’s stock.

About Advance Auto Parts

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.