UBS Group Issues Positive Forecast for Advance Auto Parts (NYSE:AAP) Stock Price

Advance Auto Parts (NYSE:AAP) had its price objective hoisted by stock analysts at UBS Group from $60.00 to $65.00 in a research note issued on Friday,MarketScreener reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 12.13% from the stock’s previous close.

AAP has been the topic of a number of other research reports. Evercore set a $60.00 target price on Advance Auto Parts in a research note on Wednesday, February 11th. Royal Bank Of Canada lifted their target price on shares of Advance Auto Parts from $62.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Friday. Truist Financial set a $62.00 target price on shares of Advance Auto Parts in a report on Thursday. Roth Mkm reissued a “neutral” rating and issued a $57.00 price target on shares of Advance Auto Parts in a research note on Thursday, February 19th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Advance Auto Parts in a report on Friday, May 15th. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $56.04.

Advance Auto Parts Price Performance

Advance Auto Parts stock opened at $57.97 on Friday. The stock has a fifty day moving average of $53.84 and a 200-day moving average of $50.37. The stock has a market capitalization of $3.50 billion, a P/E ratio of 79.70, a price-to-earnings-growth ratio of 0.90 and a beta of 1.06. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 1.75. Advance Auto Parts has a 52 week low of $37.89 and a 52 week high of $70.00.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.38. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.Advance Auto Parts’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. On average, sell-side analysts expect that Advance Auto Parts will post 2.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Advance Auto Parts

A number of large investors have recently bought and sold shares of AAP. Amalgamated Bank increased its position in shares of Advance Auto Parts by 1.1% during the 3rd quarter. Amalgamated Bank now owns 17,270 shares of the company’s stock worth $1,060,000 after purchasing an additional 185 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Advance Auto Parts by 3.1% in the second quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after buying an additional 191 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Advance Auto Parts by 9.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,224 shares of the company’s stock worth $117,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System raised its position in Advance Auto Parts by 1.6% during the third quarter. Arizona State Retirement System now owns 17,733 shares of the company’s stock worth $1,089,000 after acquiring an additional 272 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Advance Auto Parts by 0.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 54,237 shares of the company’s stock valued at $3,330,000 after acquiring an additional 297 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Trending Headlines about Advance Auto Parts

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

• Positive Sentiment: Q1 adjusted EPS came in at $0.77, well above the $0.39 consensus, while revenue of $2.61 billion also topped expectations. Why Advance Auto Parts Stock Skyrocketed Today
• Positive Sentiment: Comparable sales rose 3.5%, with strength in both Pro and DIY channels, suggesting improving customer demand and better execution. Advance Auto Parts surges as Q1 results show comps and margins rebounding
• Positive Sentiment: Margins improved sharply, with adjusted operating margin expanding to 3.8%, up about 410 basis points year over year, reinforcing the view that the recovery is gaining traction. Advance Auto Parts Gets Sales Boost From Pro Business
• Neutral Sentiment: The company reaffirmed full-year 2026 guidance instead of raising it, which may temper some enthusiasm even after the strong quarter.
• Neutral Sentiment: Advance Auto Parts also declared a quarterly dividend of $0.25 per share, adding some income appeal but not a major short-term catalyst.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.