Q2 EPS Estimate for Advance Auto Parts Raised by Analyst

Advance Auto Parts, Inc. (NYSE:AAP) – Investment analysts at Zacks Research boosted their Q2 2027 EPS estimates for shares of Advance Auto Parts in a research report issued to clients and investors on Thursday, July 2nd. Zacks Research analyst Team now anticipates that the company will post earnings of $1.19 per share for the quarter, up from their prior forecast of $1.13. The consensus estimate for Advance Auto Parts’ current full-year earnings is $2.94 per share. Zacks Research also issued estimates for Advance Auto Parts’ Q2 2028 earnings at $0.71 EPS and FY2028 earnings at $4.23 EPS.

AAP has been the subject of several other research reports. Royal Bank Of Canada raised their price target on Advance Auto Parts from $62.00 to $65.00 and gave the stock a “sector perform” rating in a report on Friday, May 22nd. Mizuho upped their price objective on shares of Advance Auto Parts from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Truist Financial lifted their target price on shares of Advance Auto Parts from $55.00 to $62.00 and gave the stock a “hold” rating in a research note on Thursday, May 21st. The Goldman Sachs Group boosted their target price on shares of Advance Auto Parts from $49.00 to $54.00 and gave the stock a “sell” rating in a research report on Friday, May 22nd. Finally, UBS Group upped their price target on shares of Advance Auto Parts from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Advance Auto Parts presently has an average rating of “Hold” and an average target price of $58.66.

Advance Auto Parts Stock Down 2.5%

Advance Auto Parts stock opened at $61.46 on Friday. Advance Auto Parts has a 1-year low of $37.89 and a 1-year high of $70.00. The business has a fifty day moving average price of $57.34 and a 200-day moving average price of $52.28. 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 stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 85.37, a PEG ratio of 1.04 and a beta of 1.03.

Advance Auto Parts (NYSE:AAP) last posted its 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 $2.05 billion. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. Advance Auto Parts’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS.

Institutional Investors Weigh In On Advance Auto Parts

A number of large investors have recently bought and sold shares of AAP. CSM Advisors LLC lifted its stake in Advance Auto Parts by 71.6% during the 3rd quarter. CSM Advisors LLC now owns 89,867 shares of the company’s stock valued at $5,517,000 after acquiring an additional 37,486 shares during the period. Fluent Financial LLC acquired a new stake in shares of Advance Auto Parts in the fourth quarter worth $6,228,000. Royce & Associates LP raised its holdings in shares of Advance Auto Parts by 30.5% during the fourth quarter. Royce & Associates LP now owns 1,478,633 shares of the company’s stock worth $58,110,000 after purchasing an additional 345,217 shares during the last quarter. Private Management Group Inc. acquired a new position in Advance Auto Parts during the fourth quarter valued at $20,123,000. Finally, Cramer Rosenthal Mcglynn LLC acquired a new position in Advance Auto Parts during the third quarter valued at $3,950,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, July 10th. Advance Auto Parts’s dividend payout ratio (DPR) is presently 138.89%.

About Advance Auto Parts

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.