Advance Auto Parts (NYSE:AAP) Given New $51.00 Price Target at Royal Bank Of Canada

Advance Auto Parts (NYSE:AAP) had its price target upped by equities researchers at Royal Bank Of Canada from $49.00 to $51.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price objective would indicate a potential upside of 10.48% from the stock’s previous close.

Several other equities analysts have also commented on AAP. Evercore reaffirmed a “positive” rating on shares of Advance Auto Parts in a report on Friday. UBS Group decreased their target price on shares of Advance Auto Parts from $65.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, August 21st. Bank of America initiated coverage on shares of Advance Auto Parts in a research note on Monday, October 26th. They issued an “underperform” rating and a $42.00 price target for the company. Guggenheim restated a “neutral” rating on shares of Advance Auto Parts in a research report on Friday, August 21st. Finally, Rothschild & Co Redburn cut Advance Auto Parts from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $45.00 to $32.00 in a research note on Monday, October 26th. Three research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $47.72.

Advance Auto Parts Price Performance

Shares of Advance Auto Parts stock traded down $1.96 during trading on Friday, hitting $46.16. 420,202 shares of the stock traded hands, compared to its average volume of 1,855,662. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 0.98 and a beta of 1.02. The company has a quick ratio of 0.85, a current ratio of 1.75 and a debt-to-equity ratio of 1.50. Advance Auto Parts has a 52 week low of $37.89 and a 52 week high of $65.20. The firm’s fifty day moving average is $43.26 and its 200-day moving average is $51.71.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Thursday, November 5th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.04 billion. Advance Auto Parts had a return on equity of 9.84% and a net margin of 0.97%. Advance Auto Parts’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS. Research analysts expect that Advance Auto Parts will post 2.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Maryland State Retirement & Pension System increased its stake in shares of Advance Auto Parts by 51.7% in the third quarter. Maryland State Retirement & Pension System now owns 13,386 shares of the company’s stock worth $521,000 after buying an additional 4,562 shares during the period. Private Management Group Inc. boosted its position in Advance Auto Parts by 25.1% during the 3rd quarter. Private Management Group Inc. now owns 581,659 shares of the company’s stock valued at $22,632,000 after buying an additional 116,523 shares during the period. Fulcrum Asset Management LLP boosted its position in Advance Auto Parts by 32,142.7% during the 3rd quarter. Fulcrum Asset Management LLP now owns 61,906 shares of the company’s stock valued at $2,460,000 after buying an additional 61,714 shares during the period. CenterBook Partners LP boosted its position in Advance Auto Parts by 120.8% during the 3rd quarter. CenterBook Partners LP now owns 16,026 shares of the company’s stock valued at $624,000 after buying an additional 8,769 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in Advance Auto Parts by 36.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 426,060 shares of the company’s stock worth $16,578,000 after acquiring an additional 114,945 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Key Headlines Impacting Advance Auto Parts

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

• Positive Sentiment: AAP reported Q3 adjusted earnings of $0.79 per share, topping the $0.77 analyst consensus. The company also declared a $0.25 dividend. Article: Advance Auto Parts Q3 Earnings Top Estimates Article: Advance Auto Parts declares $0.25 dividend
• Negative Sentiment: Revenue of $2.01 billion missed analysts’ $2.04 billion estimate and declined 1.2% year over year. EPS also fell from $0.92 a year earlier, pointing to ongoing sales and earnings pressure. Article: Advance Auto Parts reports Q3 results
• Negative Sentiment: The company narrowed its full-year 2026 outlook. The update, alongside the revenue shortfall, was reported as a reason shares fell in premarket trading despite the EPS beat. Article: Advance Auto Parts narrows 2026 outlook

About Advance Auto Parts

Advance Auto Parts, Inc is a specialty retailer and distributor of automotive aftermarket parts, accessories, and maintenance products. The company serves both do-it-yourself customers and professional repair shops, offering products such as replacement parts, batteries, engine and drivetrain components, filters, fluids, tools, and other automotive supplies.

The company operates through a network of stores, distribution centers, and online channels under the Advance Auto Parts and Carquest brands.