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Advance Auto Parts Inc (AAP)
NYSE:AAP
Advance Auto Parts (AAP) Stock Price & Analysis
1,161 Followers
AAP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$47.38 - $88.28
Previous Close$59.86
Volume843.72K
Average Volume (3M)1.53M
Market Cap
$3.61B
Enterprise Value$7.14B
Total Cash (Recent Filing)$451.00M
Total Debt (Recent Filing)$3.98B
Price to Earnings (P/E)86.4
Beta1.05
Next Earnings
Aug 20, 2024EPS Estimate
$1.02Next Dividend Ex-Date
Jul 12, 2024Dividend Yield1.65%
Share Statistics
EPS (TTM)0.69
Shares Outstanding59,622,297
10 Day Avg. Volume1,478,032
30 Day Avg. Volume1,530,409
Standard Deviation0.12
R-Squared0.26
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)3.96
Price to Sales (P/S)1.59
Price to Cash Flow (P/CF)364.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.63
Enterprise Value/Gross Profit1.58
Enterprise Value/Ebitda29.51
Forecast
1Y Price Target
$66.08Price Target Upside10.39% Upside
Rating ConsensusHold
Number of Analyst Covering15
Advance Auto Parts News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceManagement held FY24E comp sales guidance unchanged at +0-1%, while moving the top end of the revenue guide higher to $11.3B-$11.5B.
Market PositionAAP has already seen benefits from reinvesting into the front line, with more than a 50% reduction in district manager turnover.
Operational EfficiencySG&A came in below the Street’s expectations at 39.4% from ongoing cost-savings efforts and a reduction in corporate expenditures and headcount in 4Q, as well as a one-time gain from an asset sale in Florida.
Bears Say
Asset SaleA significant asset problem exists while the Worldpac sale could yield an estimated $170MM in lost.
EarningsComparable sales dipped by only (0.2%) vs. a flattish published Street estimate.
GuidanceThe biggest negative takeaways are how much more back-half weighted FY24 guidance is now for SSS, margins, and EPS growth calling to question the ability to achieve guidance and AAP introducing 'price investments' on SKU’s to be more competitive and putting further pressure on industry low operating margins.
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Ownership Overview
11.87% Insiders
51.16% Mutual Funds
23.90% Other Institutional Investors
13.07% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Advance Auto Parts
Desktop Users
Mobile Users
AAP FAQ
What was Advance Auto Parts Inc’s price range in the past 12 months?
Advance Auto Parts Inc lowest stock price was $47.38 and its highest was $88.28 in the past 12 months.
What is Advance Auto Parts Inc’s market cap?
Currently, no data Available
When is Advance Auto Parts Inc’s upcoming earnings report date?
Advance Auto Parts Inc’s upcoming earnings report date is Aug 20, 2024 which is in 47 days.
How were Advance Auto Parts Inc’s earnings last quarter?
Advance Auto Parts Inc released its earnings results on May 29, 2024. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.683 by -$0.013.
Is Advance Auto Parts Inc overvalued?
According to Wall Street analysts Advance Auto Parts Inc’s price is currently Undervalued.
Does Advance Auto Parts Inc pay dividends?
Advance Auto Parts Inc pays a Thriceyearly dividend of $0.25 which represents an annual dividend yield of 1.65%. See more information on Advance Auto Parts Inc dividends here
What is Advance Auto Parts Inc’s EPS estimate?
Advance Auto Parts Inc’s EPS estimate is $1.02.
How many shares outstanding does Advance Auto Parts Inc have?
Advance Auto Parts Inc has 59,622,295 shares outstanding.
What happened to Advance Auto Parts Inc’s price movement after its last earnings report?
Advance Auto Parts Inc reported an EPS of $0.67 in its last earnings report, missing expectations of $0.683. Following the earnings report the stock price went down -10.972%.
Which hedge fund is a major shareholder of Advance Auto Parts Inc?
Among the largest hedge funds holding Advance Auto Parts Inc’s share is Pzena Investment Management LLC. It holds Advance Auto Parts Inc’s shares valued at 107M.
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Advance Auto Parts Stock Smart Score
Unlock Smart Score
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10
Analyst Consensus
Hold
Average Price Target:
$66.08 (10.39% Upside)
$66.08 (10.39% Upside)
Blogger Sentiment
Bullish
AAP Sentiment 90%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 464.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $30.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 1.1%
Last 30 Days ▲ 1.3%
Last 30 Days ▲ 1.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-14.29%
12-Months-Change
Fundamentals
Return on Equity
1.60%
Trailing 12-Months
Asset Growth
0.15%
Trailing 12-Months
Company Description
Advance Auto Parts Inc
Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.
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AAP Earnings Call
Q1 2024
0:00 / 0:00
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AAP Stock 12 Month Forecast
Average Price Target
$66.08
▲(10.39% Upside)
Technical Analysis
Best Analysts Covering AAP
1 Year
1 Year Success Rate
6/17 ratings generated profit
1 Year Average Return
-8.11%
reiterated a buy rating 4 months ago
Copying Bret Jordan's trades and holding each position for 1 Year would result in 35.29% of your transactions generating a profit, with an average return of -8.11% per trade.
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