Advance Auto Parts (NYSE:AAP) Issues Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Advance Auto Parts (NYSE:AAP) posted its quarterly earnings results on Wednesday. The company reported ($1.18) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.21, Zacks reports. Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. Advance Auto Parts updated its FY 2025 guidance to 1.500-2.500 EPS.

Advance Auto Parts Stock Down 10.7 %

AAP traded down $4.93 on Wednesday, hitting $40.95. 608,110 shares of the company were exchanged, compared to its average volume of 1,793,662. Advance Auto Parts has a twelve month low of $35.59 and a twelve month high of $88.56. The firm has a 50-day moving average price of $46.22 and a two-hundred day moving average price of $43.98. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 57.17, a price-to-earnings-growth ratio of 1.98 and a beta of 1.15.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wedbush restated an “outperform” rating and set a $55.00 price target on shares of Advance Auto Parts in a research note on Friday, November 15th. Truist Financial cut their target price on Advance Auto Parts from $41.00 to $39.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Wells Fargo & Company upped their price objective on shares of Advance Auto Parts from $40.00 to $45.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. DA Davidson reiterated a “neutral” rating and issued a $45.00 target price on shares of Advance Auto Parts in a research report on Friday, November 15th. Finally, Citigroup increased their price target on shares of Advance Auto Parts from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.88.

Insider Buying and Selling at Advance Auto Parts

In other news, EVP Tammy M. Finley sold 1,276 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $44.06, for a total transaction of $56,220.56. Following the completion of the sale, the executive vice president now owns 24,266 shares in the company, valued at approximately $1,069,159.96. The trade was a 5.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.