Advance Auto Parts (NYSE:AAP) Releases FY 2025 Earnings Guidance

Advance Auto Parts (NYSE:AAP) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.500-2.500 for the period, compared to the consensus estimate of 1.540. The company issued revenue guidance of $8.4 billion-$8.6 billion, compared to the consensus revenue estimate of $8.5 billion.

Advance Auto Parts Price Performance

Shares of AAP opened at $49.41 on Friday. Advance Auto Parts has a fifty-two week low of $28.89 and a fifty-two week high of $71.62. The firm’s 50 day moving average price is $34.41 and its 200 day moving average price is $40.30. The company has a market cap of $2.96 billion, a P/E ratio of 67.69, a PEG ratio of 1.98 and a beta of 0.93. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, May 22nd. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.77) by $0.55. Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. The firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the firm earned $0.67 EPS. The firm’s revenue for the quarter was down 24.2% on a year-over-year basis. On average, research analysts forecast that Advance Auto Parts will post -0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AAP shares. BMO Capital Markets decreased their target price on Advance Auto Parts from $45.00 to $40.00 and set a “market perform” rating for the company in a report on Thursday, February 27th. Royal Bank of Canada cut their target price on shares of Advance Auto Parts from $50.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Truist Financial reduced their price objective on shares of Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Advance Auto Parts in a research report on Thursday. Finally, Wells Fargo & Company set a $35.00 target price on shares of Advance Auto Parts and gave the stock an “equal weight” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Advance Auto Parts has a consensus rating of “Hold” and a consensus price target of $44.50.

Insider Activity at Advance Auto Parts

In related news, Director Eugene I. Lee, Jr. purchased 14,640 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $34.15 per share, for a total transaction of $499,956.00. Following the completion of the purchase, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Shane M. Okelly purchased 1,500 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $36.79 per share, with a total value of $55,185.00. Following the completion of the acquisition, the chief executive officer now directly owns 183,121 shares in the company, valued at approximately $6,737,021.59. The trade was a 0.83% increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Advance Auto Parts

A number of institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position 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 buying an additional 278,066 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 buying an additional 23,018 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Advance Auto Parts by 107.2% in the 1st quarter. Royal Bank of Canada now owns 79,558 shares of the company’s stock worth $3,119,000 after buying an additional 41,157 shares during the last quarter. 88.75% of the stock is currently owned by institutional investors.

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.