FY2025 Earnings Estimate for AAP Issued By Wedbush

Advance Auto Parts, Inc. (NYSE:AAP) – Equities researchers at Wedbush issued their FY2025 earnings estimates for Advance Auto Parts in a note issued to investors on Monday, November 11th. Wedbush analyst S. Basham anticipates 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.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.22). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.67 billion. Advance Auto Parts had a return on equity of 0.05% and a net margin of 0.01%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 EPS.

Several other analysts also recently weighed in on AAP. Roth Capital upgraded Advance Auto Parts to a “hold” rating in a research report on Tuesday, October 15th. Evercore ISI lowered their price objective on shares of Advance Auto Parts from $71.00 to $67.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. Mizuho reaffirmed a “neutral” rating and set a $38.00 target price (down from $45.00) on shares of Advance Auto Parts in a research report on Thursday, September 12th. Roth Mkm reiterated a “neutral” rating and issued a $40.00 price target on shares of Advance Auto Parts in a report on Wednesday, October 16th. Finally, Truist Financial dropped their price objective on Advance Auto Parts from $46.00 to $41.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $54.08.

Advance Auto Parts Price Performance

Shares of AAP stock opened at $39.91 on Wednesday. The stock has a 50 day moving average price of $39.08 and a 200 day moving average price of $54.82. The firm has a market capitalization of $2.38 billion, a P/E ratio of 3,990.50, a P/E/G ratio of 1.24 and a beta of 1.17. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.30 and a current ratio of 1.23. Advance Auto Parts has a 52-week low of $35.59 and a 52-week high of $88.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Advance Auto Parts during the first quarter worth about $34,000. Mather Group LLC. grew its position in Advance Auto Parts by 1,241.7% during the 2nd quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $41,000 after purchasing an additional 596 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Advance Auto Parts in the second quarter worth $41,000. Blue Trust Inc. lifted its stake in shares of Advance Auto Parts by 56.7% during the third quarter. Blue Trust Inc. now owns 1,205 shares of the company’s stock worth $47,000 after buying an additional 436 shares during the period. Finally, AM Squared Ltd purchased a new stake in shares of Advance Auto Parts during the second quarter valued at $63,000. 88.75% of the stock is currently owned by hedge funds and other institutional investors.

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.