Q1 EPS Estimate for Advance Auto Parts Increased by Analyst

Advance Auto Parts, Inc. (NYSE:AAP) – Equities researchers at Zacks Research upped their Q1 2026 earnings per share estimates for shares of Advance Auto Parts in a research report issued to clients and investors on Wednesday, March 12th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $0.76 for the quarter, up from their previous estimate of $0.73. The consensus estimate for Advance Auto Parts’ current full-year earnings is ($0.46) per share. Zacks Research also issued estimates for Advance Auto Parts’ Q3 2026 earnings at $0.87 EPS, Q4 2026 earnings at $0.77 EPS, FY2026 earnings at $3.32 EPS and FY2027 earnings at $5.47 EPS.

Several other research analysts have also issued reports on AAP. Citigroup reduced their target price on shares of Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Truist Financial decreased their target price on Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. BMO Capital Markets cut their price target on shares of Advance Auto Parts from $45.00 to $40.00 and set a “market perform” rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group decreased their price objective on shares of Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Finally, DA Davidson reiterated a “neutral” rating and issued a $45.00 target price on shares of Advance Auto Parts in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.13.

Advance Auto Parts Trading Up 3.1 %

Shares of AAP opened at $37.67 on Thursday. The stock’s fifty day simple moving average is $44.56 and its 200-day simple moving average is $42.36. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $2.25 billion, a PE ratio of 51.60, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27. Advance Auto Parts has a 12-month low of $33.08 and a 12-month high of $88.56.

Hedge Funds Weigh In On Advance Auto Parts

A number of institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Advance Auto Parts during the third quarter worth approximately $14,684,000. Wolverine Asset Management LLC raised its stake in Advance Auto Parts by 212.4% in the third quarter. Wolverine Asset Management LLC now owns 31,357 shares of the company’s stock valued at $1,223,000 after purchasing an additional 21,320 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Advance Auto Parts by 75.9% during the 4th quarter. Blue Trust Inc. now owns 2,119 shares of the company’s stock worth $100,000 after acquiring an additional 914 shares during the period. Quest Partners LLC bought a new stake in Advance Auto Parts during the third quarter worth $579,000. Finally, Moody National Bank Trust Division bought a new position in shares of Advance Auto Parts in the 4th quarter valued at $1,196,000. 88.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Advance Auto Parts news, CEO Shane M. Okelly acquired 1,500 shares of Advance Auto Parts stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $36.79 per share, for a total transaction of $55,185.00. Following the purchase, the chief executive officer now directly owns 183,121 shares in the company, valued at approximately $6,737,021.59. This represents a 0.83 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eugene I. Lee, Jr. purchased 14,640 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $34.15 per share, with a total value of $499,956.00. Following the completion of the purchase, the director now owns 34,070 shares of the company’s stock, valued at approximately $1,163,490.50. This represents a 75.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.35% of the stock is owned by corporate insiders.

Advance Auto Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.65%. Advance Auto Parts’s dividend payout ratio is currently -17.86%.

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.