Advance Auto Parts, Inc. (NYSE:AAP) Stock Has Consensus Target Price of $47.61 According to Analysts

Advance Auto Parts, Inc. (NYSE:AAP) has earned a consensus recommendation of “Hold” from the twenty-one brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $47.28.

A number of analysts have recently weighed in on the stock. Truist Financial set a $43.00 price objective on shares of Advance Auto Parts and gave the stock a “hold” rating in a research note on Thursday, August 20th. DA Davidson lowered their target price on shares of Advance Auto Parts from $58.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, August 21st. Wells Fargo & Company lowered their target price on shares of Advance Auto Parts from $60.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. TD Cowen dropped their target price on shares of Advance Auto Parts from $61.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, August 20th. Finally, Guggenheim reissued a “neutral” rating on shares of Advance Auto Parts in a research report on Friday, August 21st.

More Advance Auto Parts News

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

• Positive Sentiment: Royal Bank of Canada raised its price target to $51 from $49 while maintaining a “sector perform” rating. The new target represented about 11.7% upside from the cited $45.67 share price. Royal Bank of Canada recommendations
• Positive Sentiment: Third-quarter adjusted earnings of $0.79 per share topped the $0.77 consensus estimate, providing a modest earnings bright spot. Advance Auto Parts Q3 earnings top estimates
• Positive Sentiment: The company declared a $0.25 dividend, offering continued income to shareholders. Advance Auto Parts declares dividend
• Negative Sentiment: Revenue was $2.01 billion, below the $2.04 billion analyst estimate and down 1.2% year over year. EPS also fell from $0.92 in the year-ago quarter, tempering the impact of the earnings beat. Advance Auto Parts Q3 results
• Negative Sentiment: Advance Auto Parts updated and narrowed its full-year 2026 outlook. The guidance revision, alongside the revenue shortfall, appears to have overshadowed the small EPS beat and contributed to a cautious investor response. Advance Auto Parts narrows 2026 outlook

Hedge Funds Weigh In On Advance Auto Parts

A number of institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in Advance Auto Parts by 12.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 298,558 shares of the company’s stock valued at $11,619,000 after purchasing an additional 33,555 shares during the period. Maryland State Retirement & Pension System increased its holdings in shares of Advance Auto Parts by 51.7% during the 3rd quarter. Maryland State Retirement & Pension System now owns 13,386 shares of the company’s stock worth $521,000 after purchasing an additional 4,562 shares during the period. Private Management Group Inc. increased its holdings in shares of Advance Auto Parts by 25.1% during the 3rd quarter. Private Management Group Inc. now owns 581,659 shares of the company’s stock worth $22,632,000 after purchasing an additional 116,523 shares during the period. Fulcrum Asset Management LLP increased its holdings in shares of Advance Auto Parts by 32,142.7% during the 3rd quarter. Fulcrum Asset Management LLP now owns 61,906 shares of the company’s stock worth $2,460,000 after purchasing an additional 61,714 shares during the period. Finally, CenterBook Partners LP raised its position in shares of Advance Auto Parts by 120.8% during the third quarter. CenterBook Partners LP now owns 16,026 shares of the company’s stock valued at $624,000 after buying an additional 8,769 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Advance Auto Parts Stock Performance

Shares of NYSE AAP opened at $45.67 on Monday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 1.63. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 27.85, a P/E/G ratio of 0.87 and a beta of 1.02. The business’s 50-day simple moving average is $43.30 and its 200-day simple moving average is $51.73. Advance Auto Parts has a 52 week low of $37.89 and a 52 week high of $65.20.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Thursday, November 5th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.04 billion. Advance Auto Parts had a return on equity of 9.41% and a net margin of 1.16%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS. As a group, equities research analysts expect that Advance Auto Parts will post 2.94 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 22nd. Stockholders of record on Friday, January 8th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, January 8th. Advance Auto Parts’s dividend payout ratio (DPR) is currently 72.99%.

About Advance Auto Parts

Advance Auto Parts, Inc is a retailer of automotive aftermarket parts, accessories and maintenance products. Its offerings include replacement parts, batteries, tools, fluids and other supplies for a range of vehicles.

The company serves both do-it-yourself customers and professional automotive repair shops through its stores, online channels and network of independent locations. Its retail banners include Advance Auto Parts and Carquest.

Advance Auto Parts traces its roots to 1932, when the business began in Roanoke, Virginia.