BMO Capital Markets Issues Positive Forecast for Advance Auto Parts (NYSE:AAP) Stock Price

Advance Auto Parts (NYSE:AAP) had its target price increased by research analysts at BMO Capital Markets from $60.00 to $65.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 10.94% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Wells Fargo & Company restated a “negative” rating and issued a $60.00 price target on shares of Advance Auto Parts in a research note on Friday. JPMorgan Chase & Co. cut their price objective on shares of Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Advance Auto Parts in a research report on Friday, May 15th. Roth Mkm reiterated a “neutral” rating and issued a $57.00 price target on shares of Advance Auto Parts in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $54.00 price target on shares of Advance Auto Parts in a research note on Friday. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $54.30.

Advance Auto Parts Trading Up 14.3%

Shares of NYSE:AAP opened at $58.59 on Friday. The business has a 50 day moving average of $53.84 and a 200-day moving average of $50.37. The stock has a market cap of $3.53 billion, a PE ratio of 80.26, a P/E/G ratio of 0.90 and a beta of 1.06. Advance Auto Parts has a 12-month low of $37.89 and a 12-month high of $70.00. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 1.55.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings data on Thursday, May 21st. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.38. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.57 billion. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.During the same period in the prior year, the firm posted $0.40 EPS. The company’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, equities research analysts forecast that Advance Auto Parts will post 2.77 earnings per share for the current year.

Hedge Funds Weigh In On Advance Auto Parts

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Advance Auto Parts during the 3rd quarter worth approximately $31,000. AlphaCore Capital LLC increased its stake in Advance Auto Parts by 6,288.9% in the third quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock valued at $35,000 after acquiring an additional 566 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Advance Auto Parts during the third quarter valued at approximately $52,000. Westfuller Advisors LLC acquired a new position in Advance Auto Parts during the third quarter valued at approximately $56,000. Finally, Hantz Financial Services Inc. lifted its stake in Advance Auto Parts by 184.5% during the fourth quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock worth $36,000 after purchasing an additional 596 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Advance Auto Parts

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

• Positive Sentiment: Q1 adjusted EPS came in at $0.77, well above the $0.39 consensus, while revenue of $2.61 billion also topped expectations. Why Advance Auto Parts Stock Skyrocketed Today
• Positive Sentiment: Comparable sales rose 3.5%, with strength in both Pro and DIY channels, suggesting improving customer demand and better execution. Advance Auto Parts surges as Q1 results show comps and margins rebounding
• Positive Sentiment: Margins improved sharply, with adjusted operating margin expanding to 3.8%, up about 410 basis points year over year, reinforcing the view that the recovery is gaining traction. Advance Auto Parts Gets Sales Boost From Pro Business
• Neutral Sentiment: The company reaffirmed full-year 2026 guidance instead of raising it, which may temper some enthusiasm even after the strong quarter.
• Neutral Sentiment: Advance Auto Parts also declared a quarterly dividend of $0.25 per share, adding some income appeal but not a major short-term 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.