FY2025 Earnings Estimate for AAP Issued By Wedbush

Advance Auto Parts, Inc. (NYSE:AAP) – Stock analysts at Wedbush issued their FY2025 earnings per share estimates for shares of Advance Auto Parts in a report issued on Monday, November 11th. Wedbush analyst S. Basham expects that the company will earn $2.68 per share for the year. Wedbush currently has a “Outperform” rating and a $55.00 price target on the stock. The consensus estimate for Advance Auto Parts’ current full-year earnings is $2.19 per share. Wedbush also issued estimates for Advance Auto Parts’ FY2026 earnings at $3.77 EPS.

AAP has been the topic of several other research reports. Wells Fargo & Company reduced their price target on shares of Advance Auto Parts from $50.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, September 13th. Truist Financial lowered their target price on Advance Auto Parts from $46.00 to $41.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Roth Mkm reaffirmed a “neutral” rating and issued a $40.00 target price on shares of Advance Auto Parts in a report on Wednesday, October 16th. TD Cowen decreased their price objective on shares of Advance Auto Parts from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, August 23rd. Finally, Evercore ISI decreased their target price on Advance Auto Parts from $71.00 to $67.00 and set an “in-line” rating for the company in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $54.08.

Advance Auto Parts Stock Performance

Shares of AAP stock opened at $41.15 on Wednesday. Advance Auto Parts has a one year low of $35.59 and a one year high of $88.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.30 and a current ratio of 1.23. The firm’s 50 day moving average price is $39.06 and its 200-day moving average price is $54.63. The firm has a market cap of $2.46 billion, a P/E ratio of 4,115.00, a P/E/G ratio of 1.30 and a beta of 1.17.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.22). The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.67 billion. Advance Auto Parts had a net margin of 0.01% and a return on equity of 0.05%. Advance Auto Parts’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS.

Institutional Investors Weigh In On Advance Auto Parts

A number of institutional investors and hedge funds have recently made changes to their positions in AAP. Allspring Global Investments Holdings LLC acquired a new position in Advance Auto Parts during the first quarter worth $34,000. Mather Group LLC. boosted its stake in shares of Advance Auto Parts by 1,241.7% in the 2nd quarter. Mather Group LLC. now owns 644 shares of the company’s stock valued at $41,000 after purchasing an additional 596 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Advance Auto Parts during the 2nd quarter valued at $41,000. Blue Trust Inc. grew its holdings in shares of Advance Auto Parts by 56.7% during the third quarter. Blue Trust Inc. now owns 1,205 shares of the company’s stock worth $47,000 after purchasing an additional 436 shares during the last quarter. Finally, AM Squared Ltd acquired a new position in shares of Advance Auto Parts during the second quarter worth $63,000. Institutional investors own 88.75% of the company’s stock.

About Advance Auto Parts

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.