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

Advance Auto Parts (NYSE:AAP) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.400-3.100 for the period, compared to the consensus 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 have recently weighed in on the stock. Evercore set a $60.00 price target on shares of Advance Auto Parts in a research report on Wednesday, February 11th. DA Davidson set a $58.00 price objective on shares of Advance Auto Parts in a report on Tuesday, February 17th. Weiss Ratings restated a “sell (d+)” rating on shares of Advance Auto Parts in a report on Friday, May 15th. Wells Fargo & Company boosted their price objective on shares of Advance Auto Parts from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, February 11th. Finally, Morgan Stanley set a $60.00 price objective on shares of Advance Auto Parts in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $52.72.

Advance Auto Parts Stock Up 3.4%

Shares of NYSE:AAP opened at $51.22 on Thursday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.75 and a quick ratio of 0.87. The firm has a market capitalization of $3.09 billion, a PE ratio of 70.16, a price-to-earnings-growth ratio of 0.87 and a beta of 1.06. The firm’s 50-day moving average is $53.69 and its two-hundred day moving average is $50.29. Advance Auto Parts has a 1 year low of $31.28 and a 1 year high of $70.00.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, topping 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. Analysts predict that Advance Auto Parts will post 2.77 EPS for the current year.

Hedge Funds Weigh In On Advance Auto Parts

A number of institutional investors and hedge funds have recently made changes to their positions in AAP. Caitong International Asset Management Co. Ltd acquired a new position in shares of Advance Auto Parts during the third quarter worth about $31,000. Smartleaf Asset Management LLC grew its position in shares of Advance Auto Parts by 290.3% during the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock worth $43,000 after buying an additional 688 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Advance Auto Parts during the second quarter worth about $101,000. Kestra Advisory Services LLC acquired a new position in shares of Advance Auto Parts during the fourth quarter worth about $107,000. Finally, LGT Financial Advisors LLC acquired a new position in shares of Advance Auto Parts during the third quarter worth about $123,000. 88.70% of the stock is owned by institutional investors and hedge funds.

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.