Q1 EPS Estimate for Advance Auto Parts Raised by Analyst

Advance Auto Parts, Inc. (NYSE:AAP) – Investment analysts at Zacks Research increased their Q1 2027 earnings per share (EPS) estimates for Advance Auto Parts in a report released on Thursday, July 2nd. Zacks Research analyst Team now anticipates that the company will earn $0.77 per share for the quarter, up from their previous forecast of $0.53. The consensus estimate for Advance Auto Parts’ current full-year earnings is $2.94 per share. Zacks Research also issued estimates for Advance Auto Parts’ Q3 2027 earnings at $1.10 EPS, Q4 2027 earnings at $0.88 EPS, FY2027 earnings at $3.93 EPS and Q1 2028 earnings at $0.84 EPS.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.38. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.05 billion. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.Advance Auto Parts’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS.

A number of other analysts have also commented on the stock. BMO Capital Markets boosted their price objective on shares of Advance Auto Parts from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, May 22nd. Royal Bank Of Canada raised their target price on shares of Advance Auto Parts from $62.00 to $65.00 and gave the company a “sector perform” rating in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Advance Auto Parts to a “buy” rating in a research note on Friday, May 22nd. Truist Financial boosted their price target on shares of Advance Auto Parts from $55.00 to $62.00 and gave the stock a “hold” rating in a research report on Thursday, May 21st. Finally, Mizuho increased their price objective on shares of Advance Auto Parts from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $58.66.

Advance Auto Parts Trading Up 0.2%

NYSE:AAP opened at $56.45 on Tuesday. The company has a market cap of $3.40 billion, a P/E ratio of 78.77, a price-to-earnings-growth ratio of 1.01 and a beta of 1.03. Advance Auto Parts has a twelve month low of $37.89 and a twelve month high of $70.00. The business has a 50 day moving average price of $57.35 and a two-hundred day moving average price of $52.48. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 1.54.

Hedge Funds Weigh In On Advance Auto Parts

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC increased its holdings in Advance Auto Parts by 3.1% during the second quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock worth $293,000 after buying an additional 191 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Advance Auto Parts by 9.9% in the first quarter. PNC Financial Services Group Inc. now owns 2,224 shares of the company’s stock valued at $117,000 after acquiring an additional 200 shares during the last quarter. AlphaCore Capital LLC grew its position in shares of Advance Auto Parts by 53.6% in the 4th quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock valued at $35,000 after acquiring an additional 308 shares during the period. ProShare Advisors LLC grew its position in shares of Advance Auto Parts by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 11,673 shares of the company’s stock valued at $459,000 after acquiring an additional 362 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Advance Auto Parts by 1.2% during the 4th quarter. State of Alaska Department of Revenue now owns 30,554 shares of the company’s stock worth $1,200,000 after purchasing an additional 371 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

Advance Auto Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, July 10th. Advance Auto Parts’s dividend payout ratio is presently 138.89%.

About Advance Auto Parts

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.