Advance Auto Parts (NYSE:AAP) Issues Quarterly Earnings Results

Advance Auto Parts (NYSE:AAP) released its quarterly earnings data on Wednesday. The company reported ($1.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.21, Zacks reports. Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. Advance Auto Parts updated its FY 2025 guidance to 1.500-2.500 EPS.

Advance Auto Parts Stock Down 16.4 %

Shares of NYSE:AAP traded down $7.52 during midday trading on Wednesday, hitting $38.36. 4,855,262 shares of the company’s stock were exchanged, compared to its average volume of 1,904,252. The stock has a 50 day moving average price of $46.22 and a 200-day moving average price of $43.98. Advance Auto Parts has a 12 month low of $35.59 and a 12 month high of $88.56. The company has a market cap of $2.29 billion, a PE ratio of 52.36, a price-to-earnings-growth ratio of 1.98 and a beta of 1.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Wedbush reiterated an “outperform” rating and set a $55.00 price objective on shares of Advance Auto Parts in a research report on Friday, November 15th. Evercore ISI boosted their price target on Advance Auto Parts from $45.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. DA Davidson reissued a “neutral” rating and set a $45.00 price target on shares of Advance Auto Parts in a report on Friday, November 15th. Finally, UBS Group upped their price objective on shares of Advance Auto Parts from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Advance Auto Parts presently has a consensus rating of “Hold” and an average target price of $47.88.

Insider Buying and Selling at Advance Auto Parts

In other news, EVP Tammy M. Finley sold 1,276 shares of Advance Auto Parts stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total value of $56,220.56. Following the completion of the transaction, the executive vice president now directly owns 24,266 shares in the company, valued at approximately $1,069,159.96. The trade was a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.