JPMorgan Chase & Co. Issues Pessimistic Forecast for Advance Auto Parts (NYSE:AAP) Stock Price

Advance Auto Parts (NYSE:AAP) had its price target cut by analysts at JPMorgan Chase & Co. from $65.00 to $55.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 30.58% from the stock’s previous close.

Several other brokerages also recently commented on AAP. TD Cowen dropped their target price on Advance Auto Parts from $61.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday. Evercore set a $65.00 price target on Advance Auto Parts in a report on Tuesday, August 4th. Morgan Stanley lowered their price objective on shares of Advance Auto Parts from $65.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday. Weiss Ratings upgraded shares of Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Finally, Wells Fargo & Company reduced their target price on shares of Advance Auto Parts from $60.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.03.

Advance Auto Parts Stock Down 0.6%

NYSE AAP traded down $0.27 during trading hours on Friday, hitting $42.12. The company had a trading volume of 1,911,382 shares, compared to its average volume of 1,898,963. Advance Auto Parts has a fifty-two week low of $37.89 and a fifty-two week high of $65.21. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 58.50, a P/E/G ratio of 0.93 and a beta of 1.03. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.78 and a quick ratio of 0.85. The firm’s 50 day moving average is $56.94 and its 200 day moving average is $55.43.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Thursday, August 20th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.81 by $0.22. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.04 billion. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.The firm’s revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. Sell-side analysts anticipate that Advance Auto Parts will post 2.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Advance Auto Parts

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of Advance Auto Parts by 107.2% in the first quarter. Royal Bank of Canada now owns 79,558 shares of the company’s stock worth $3,119,000 after buying an additional 41,157 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Advance Auto Parts by 327.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 362,918 shares of the company’s stock valued at $14,230,000 after acquiring an additional 278,066 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Advance Auto Parts by 14.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,979 shares of the company’s stock worth $7,096,000 after acquiring an additional 23,018 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Advance Auto Parts by 3.1% during the 2nd quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock worth $293,000 after acquiring an additional 191 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Advance Auto Parts by 2.7% in the 2nd quarter. Baird Financial Group Inc. now owns 56,782 shares of the company’s stock worth $2,640,000 after purchasing an additional 1,515 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Advance Auto Parts News Summary

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

• Positive Sentiment: Adjusted second-quarter EPS was $1.03, above the $0.81 analyst consensus and up from $0.69 a year earlier. A $26 million tariff refund also helped margins, while the company expanded its product catalog. Advance Auto Parts tariff refund and product expansion article
• Positive Sentiment: Advance Auto Parts raised its adjusted full-year 2026 EPS guidance to $2.60-$3.30, maintained its sales outlook of approximately $8.485 billion-$8.575 billion, and continued reducing leverage through debt repayment. The company also declared a quarterly dividend of $0.25 per share.
• Neutral Sentiment: Analysts still see some potential recovery: Morgan Stanley and RBC each assigned $52 price targets, while DA Davidson set a $48 target. However, all three firms adopted neutral or market-perform-equivalent ratings, signaling limited conviction. Advance Auto Parts analyst price target revisions
• Negative Sentiment: Revenue of $2.00 billion missed the roughly $2.04 billion consensus, declined year over year, and comparable-store sales fell 0.5%. Investors appear more focused on weak underlying demand than on the EPS beat, particularly as financially constrained customers reduce do-it-yourself vehicle repairs. Advance Auto Parts weak DIY demand article
• Negative Sentiment: Several analysts lowered their price targets following the report. Bank of America maintained a Sell/Underperform rating with a $48 target, citing weak DIY demand and execution risks, reinforcing the cautious sentiment around AAP’s recovery. Bank of America rating on Advance Auto Parts

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.