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

Advance Auto Parts (NYSE:AAP) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 2.400-3.100 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. 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 report on Wednesday, January 21st. Wells Fargo & Company raised their target price on shares of Advance Auto Parts from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. UBS Group reissued a “neutral” rating on shares of Advance Auto Parts in a report on Monday, February 9th. Citigroup raised their target price on shares of Advance Auto Parts from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Advance Auto Parts in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $52.72.

Advance Auto Parts Stock Up 3.4%

AAP opened at $51.22 on Thursday. Advance Auto Parts has a fifty-two week low of $31.28 and a fifty-two week high of $70.00. 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 company has a fifty day moving average of $53.69 and a two-hundred day moving average of $50.29. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 70.16, a PEG 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 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. On average, research analysts expect that Advance Auto Parts will post 2.77 earnings per share for the current year.

Institutional Trading of Advance Auto Parts

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Advance Auto Parts in the third quarter valued at about $31,000. Smartleaf Asset Management LLC grew its position 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 valued at $43,000 after purchasing an additional 688 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Advance Auto Parts in the second quarter valued at about $101,000. Kestra Advisory Services LLC acquired a new stake in shares of Advance Auto Parts in the fourth quarter valued at about $107,000. Finally, LGT Financial Advisors LLC acquired a new stake in shares of Advance Auto Parts in the third quarter valued at about $123,000. Institutional investors and hedge funds 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.