Advance Auto Parts (NYSE:AAP) Issues FY 2026 Earnings Guidance

Advance Auto Parts (NYSE:AAP) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 2.400-3.100 for the period, compared to the consensus EPS estimate of 2.790. The company issued revenue guidance of $8.5 billion-$8.6 billion, compared to the consensus revenue estimate of $8.6 billion.

Advance Auto Parts Price Performance

NYSE AAP opened at $51.22 on Thursday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 1.75. The firm’s 50 day moving average price is $53.69 and its 200-day moving average price is $50.29. Advance Auto Parts has a 52-week low of $31.28 and a 52-week high of $70.00. The company has a market cap of $3.09 billion, a PE ratio of 70.16, a P/E/G ratio of 0.87 and a beta of 1.06.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.38. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. Sell-side analysts forecast that Advance Auto Parts will post 2.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. BMO Capital Markets increased their target price on shares of Advance Auto Parts from $55.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. decreased their target price on shares of Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Wells Fargo & Company increased their target price on shares of Advance Auto Parts from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 11th. Northcoast Research raised shares of Advance Auto Parts from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Wednesday, January 21st. Finally, Citigroup increased their target price on shares of Advance Auto Parts from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Advance Auto Parts currently has an average rating of “Reduce” and an average price target of $52.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Advance Auto Parts in the third quarter worth $31,000. Smartleaf Asset Management LLC raised its holdings in shares of Advance Auto Parts by 290.3% in the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock worth $43,000 after buying an additional 688 shares during the last quarter. LGT Financial Advisors LLC purchased a new position in shares of Advance Auto Parts in the third quarter worth $123,000. Headlands Technologies LLC purchased a new position in shares of Advance Auto Parts in the second quarter worth $101,000. Finally, Advisory Services Network LLC purchased a new position in shares of Advance Auto Parts in the third quarter worth $133,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

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.