Advance Auto Parts (NYSE:AAP) Updates FY 2025 Earnings Guidance

Advance Auto Parts (NYSE:AAP) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.500-2.500 for the period, compared to the consensus estimate of 1.560. The company issued revenue guidance of $8.4 billion-$8.6 billion, compared to the consensus revenue estimate of $8.5 billion.

Analyst Ratings Changes

Several brokerages have recently issued reports on AAP. UBS Group lifted their price objective on shares of Advance Auto Parts from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Wells Fargo & Company raised their price objective on Advance Auto Parts from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Truist Financial decreased their price target on Advance Auto Parts from $41.00 to $39.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Evercore ISI boosted their price objective on Advance Auto Parts from $45.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Finally, Barclays reduced their price objective on shares of Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $47.88.

Advance Auto Parts Price Performance

Shares of NYSE AAP traded down $7.87 during midday trading on Wednesday, reaching $38.01. 6,997,951 shares of the company traded hands, compared to its average volume of 1,964,405. Advance Auto Parts has a 12 month low of $35.59 and a 12 month high of $88.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34. The stock’s 50-day simple moving average is $46.22 and its 200-day simple moving average is $43.98. The firm has a market cap of $2.27 billion, a PE ratio of 52.07, a PEG ratio of 1.98 and a beta of 1.15.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($1.18) EPS for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.21. Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. As a group, equities analysts anticipate that Advance Auto Parts will post -0.46 earnings per share for the current fiscal year.

Insider Activity at Advance Auto Parts

In other news, EVP Tammy M. Finley sold 1,276 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $44.06, for a total transaction of $56,220.56. Following the transaction, the executive vice president now directly owns 24,266 shares in the company, valued at approximately $1,069,159.96. This represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% of the company’s stock.

Advance Auto Parts Company Profile

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.