Advance Auto Parts, Inc. (NYSE:AAP) Stock Has Average Price Target of $47.61 According to Analysts

Shares of Advance Auto Parts, Inc. (NYSE:AAP) have received a consensus recommendation of “Hold” from the twenty-one brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $47.28.

Several brokerages recently issued reports on AAP. Evercore reaffirmed a “positive” rating on shares of Advance Auto Parts in a research report on Friday. Bank of America assumed coverage on shares of Advance Auto Parts in a research note on Monday, October 26th. They issued an “underperform” rating and a $42.00 target price for the company. Mizuho set a $50.00 target price on shares of Advance Auto Parts in a report on Friday. Morgan Stanley lowered their target price on shares of Advance Auto Parts from $65.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. Finally, Royal Bank Of Canada lifted their target price on shares of Advance Auto Parts from $49.00 to $51.00 and gave the company a “sector perform” rating in a research note on Friday.

Key Advance Auto Parts News

Here are the key news stories impacting Advance Auto Parts this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to $51 from $49 while maintaining a “sector perform” rating. The new target represented about 11.7% upside from the cited $45.67 share price. Royal Bank of Canada recommendations
• Positive Sentiment: Third-quarter adjusted earnings of $0.79 per share topped the $0.77 consensus estimate, providing a modest earnings bright spot. Advance Auto Parts Q3 earnings top estimates
• Positive Sentiment: The company declared a $0.25 dividend, offering continued income to shareholders. Advance Auto Parts declares dividend
• Negative Sentiment: Revenue was $2.01 billion, below the $2.04 billion analyst estimate and down 1.2% year over year. EPS also fell from $0.92 in the year-ago quarter, tempering the impact of the earnings beat. Advance Auto Parts Q3 results
• Negative Sentiment: Advance Auto Parts updated and narrowed its full-year 2026 outlook. The guidance revision, alongside the revenue shortfall, appears to have overshadowed the small EPS beat and contributed to a cautious investor response. Advance Auto Parts narrows 2026 outlook

Institutional Trading of Advance Auto Parts

Several large investors have recently modified their holdings of AAP. BlackRock Inc. bought a new stake in Advance Auto Parts during the 2nd quarter worth approximately $581,909,000. Pzena Investment Management LLC acquired a new stake in Advance Auto Parts in the 2nd quarter valued at about $273,115,000. Maple Rock Capital Partners Inc. grew its position in Advance Auto Parts by 86.5% during the second quarter. Maple Rock Capital Partners Inc. now owns 2,421,040 shares of the company’s stock worth $150,637,000 after buying an additional 1,122,900 shares during the period. Dimensional Fund Advisors LP lifted its position in Advance Auto Parts by 15.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,127,948 shares of the company’s stock valued at $112,243,000 after buying an additional 282,591 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in Advance Auto Parts in the 2nd quarter valued at about $59,626,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Advance Auto Parts Trading Down 5.1%

Shares of AAP stock opened at $45.67 on Monday. Advance Auto Parts has a 1-year low of $37.89 and a 1-year high of $65.20. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.75 and a quick ratio of 0.85. The company has a 50-day moving average of $43.30 and a two-hundred day moving average of $51.73. The firm has a market cap of $2.76 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 0.92 and a beta of 1.02.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. Advance Auto Parts had a net margin of 0.97% and a return on equity of 9.84%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, analysts predict that Advance Auto Parts will post 2.92 EPS for the current year.

Advance Auto Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 22nd. Shareholders of record on Friday, January 8th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, January 8th. Advance Auto Parts’s payout ratio is presently 72.99%.

About Advance Auto Parts

Advance Auto Parts, Inc is a specialty retailer and distributor of automotive aftermarket parts, accessories, and maintenance products. The company serves both do-it-yourself customers and professional repair shops, offering products such as replacement parts, batteries, engine and drivetrain components, filters, fluids, tools, and other automotive supplies.

The company operates through a network of stores, distribution centers, and online channels under the Advance Auto Parts and Carquest brands.