Advance Auto Parts (AAP) Expected to Announce Quarterly Earnings on Thursday

Advance Auto Parts (NYSE:AAP) is expected to release its Q1 2025 earnings data before the market opens on Thursday, May 22nd. Analysts expect Advance Auto Parts to post earnings of ($0.77) per share and revenue of $2.51 billion for the quarter.

Advance Auto Parts Stock Down 0.7%

Shares of NYSE AAP opened at $34.13 on Wednesday. Advance Auto Parts has a 1 year low of $28.89 and a 1 year high of $73.16. The firm’s 50-day moving average is $34.30 and its 200-day moving average is $40.28. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $2.04 billion, a PE ratio of 46.75, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93.

Insider Buying and Selling

In other Advance Auto Parts news, CEO Shane M. Okelly acquired 1,500 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $36.79 per share, with a total value of $55,185.00. Following the completion of the transaction, the chief executive officer now directly owns 183,121 shares in the company, valued at $6,737,021.59. This trade represents a 0.83% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eugene I. Lee, Jr. purchased 14,640 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $34.15 per share, for a total transaction of $499,956.00. Following the completion of the transaction, the director now directly owns 34,070 shares in the company, valued at approximately $1,163,490.50. This represents a 75.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AAP. Royal Bank of Canada grew its stake in shares of Advance Auto Parts by 107.2% in the first 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 valued at $7,096,000 after purchasing an additional 23,018 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings 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 valued at $14,230,000 after purchasing an additional 278,066 shares during the period. Institutional investors and hedge funds own 88.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AAP. Truist Financial lowered their target price on shares of Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Wedbush reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Advance Auto Parts in a research note on Monday, March 3rd. Wells Fargo & Company dropped their price objective on Advance Auto Parts from $40.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday. Royal Bank of Canada reduced their target price on Advance Auto Parts from $50.00 to $44.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Finally, Citigroup lowered their price target on Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Advance Auto Parts has an average rating of “Hold” and an average target price of $44.50.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.