Q3 EPS Estimate for Advance Auto Parts Lowered by Analyst

Advance Auto Parts, Inc. (NYSE:AAP) – Equities research analysts at Zacks Research decreased their Q3 2026 earnings estimates for shares of Advance Auto Parts in a research note issued on Thursday, September 3rd. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.67 for the quarter, down from their prior forecast of $0.80. The consensus estimate for Advance Auto Parts’ current full-year earnings is $2.97 per share. Zacks Research also issued estimates for Advance Auto Parts’ Q4 2026 earnings at $0.43 EPS, FY2026 earnings at $2.90 EPS and Q1 2027 earnings at $0.80 EPS.

A number of other brokerages also recently commented on AAP. BMO Capital Markets restated a “market perform” rating on shares of Advance Auto Parts in a report on Friday, August 21st. Barclays cut their price target on shares of Advance Auto Parts from $59.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Royal Bank Of Canada reduced their price objective on shares of Advance Auto Parts from $67.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Friday, August 21st. Citigroup decreased their price objective on shares of Advance Auto Parts from $57.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 21st. Finally, TD Cowen dropped their target price on shares of Advance Auto Parts from $61.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Advance Auto Parts currently has an average rating of “Hold” and an average target price of $50.19.

Advance Auto Parts Price Performance

Shares of AAP stock opened at $42.69 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.85 and a current ratio of 1.75. Advance Auto Parts has a fifty-two week low of $37.89 and a fifty-two week high of $65.21. The firm has a market cap of $2.58 billion, a P/E ratio of 31.16, a P/E/G ratio of 0.69 and a beta of 1.01. The business’s 50 day moving average price is $53.79 and its 200-day moving average price is $54.59.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Thursday, August 20th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.22. Advance Auto Parts had a return on equity of 9.84% and a net margin of 0.97%.The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the business earned $0.69 EPS. Advance Auto Parts’s revenue was down .5% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS.

Advance Auto Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, October 9th. Advance Auto Parts’s dividend payout ratio (DPR) is presently 72.99%.

Institutional Investors Weigh In On Advance Auto Parts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of Advance Auto Parts by 107.2% during the 1st quarter. Royal Bank of Canada now owns 79,558 shares of the company’s stock valued at $3,119,000 after buying an additional 41,157 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Advance Auto Parts by 327.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 362,918 shares of the company’s stock worth $14,230,000 after acquiring an additional 278,066 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Advance Auto Parts by 14.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,979 shares of the company’s stock worth $7,096,000 after acquiring an additional 23,018 shares in the last quarter. Hsbc Holdings PLC lifted its position in Advance Auto Parts by 3.1% during the 2nd quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after acquiring an additional 191 shares during the period. Finally, Baird Financial Group Inc. lifted its position in Advance Auto Parts by 2.7% during the 2nd quarter. Baird Financial Group Inc. now owns 56,782 shares of the company’s stock valued at $2,640,000 after acquiring an additional 1,515 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

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.