Advance Auto Parts (NYSE:AAP) Given New $65.00 Price Target at Morgan Stanley

Advance Auto Parts (NYSE:AAP) had its price target boosted by equities research analysts at Morgan Stanley from $60.00 to $65.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 12.72% from the company’s previous close.

AAP has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft raised Advance Auto Parts to a “buy” rating in a research note on Friday. DA Davidson set a $58.00 price target on Advance Auto Parts in a report on Tuesday, February 17th. UBS Group boosted their target price on shares of Advance Auto Parts from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Friday. Evercore set a $60.00 price objective on Advance Auto Parts in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada increased their target price on Advance Auto Parts from $62.00 to $65.00 and gave the company a “sector perform” rating in a research note on Friday. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $56.04.

Advance Auto Parts Trading Down 1.6%

Shares of NYSE:AAP opened at $57.67 on Friday. The company has a market cap of $3.48 billion, a PE ratio of 79.70, a P/E/G ratio of 0.90 and a beta of 1.06. The company’s 50 day moving average is $53.84 and its two-hundred day moving average is $50.37. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55. Advance Auto Parts has a 52 week low of $37.89 and a 52 week high of $70.00.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Thursday, May 21st. The company reported $0.77 earnings per share for the quarter, topping 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%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the company earned $0.40 earnings per share. The firm’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. Equities analysts predict that Advance Auto Parts will post 2.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Advance Auto Parts

Large investors have recently made changes to their positions in the company. American Century Companies Inc. grew its position in Advance Auto Parts by 559.0% in the third quarter. American Century Companies Inc. now owns 1,519,591 shares of the company’s stock worth $93,303,000 after acquiring an additional 1,288,986 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Advance Auto Parts by 18.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,474,546 shares of the company’s stock worth $293,751,000 after purchasing an additional 1,190,094 shares during the last quarter. Maple Rock Capital Partners Inc. lifted its stake in shares of Advance Auto Parts by 508.2% in the third quarter. Maple Rock Capital Partners Inc. now owns 951,790 shares of the company’s stock worth $58,440,000 after buying an additional 795,290 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Advance Auto Parts in the third quarter worth about $33,610,000. Finally, Private Management Group Inc. bought a new stake in Advance Auto Parts during the 4th quarter valued at approximately $20,123,000. Institutional investors own 88.70% of the company’s stock.

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.