Equities Analysts Issue Forecasts for AAP Q3 Earnings

Advance Auto Parts, Inc. (NYSE:AAP) – Research analysts at Roth Capital decreased their Q3 2026 earnings per share (EPS) estimates for shares of Advance Auto Parts in a report issued on Friday, August 15th. Roth Capital analyst S. Stember now expects that the company will post earnings of $0.91 per share for the quarter, down from their previous estimate of $1.01. Roth Capital currently has a “Neutral” rating and a $50.00 price target on the stock. The consensus estimate for Advance Auto Parts’ current full-year earnings is ($0.46) per share. Roth Capital also issued estimates for Advance Auto Parts’ Q4 2026 earnings at $0.88 EPS.

Several other analysts have also recently commented on AAP. Cowen restated a “hold” rating on shares of Advance Auto Parts in a report on Friday, May 23rd. BMO Capital Markets restated a “market perform” rating and set a $50.00 target price (up previously from $40.00) on shares of Advance Auto Parts in a report on Friday, May 23rd. Wells Fargo & Company increased their target price on Advance Auto Parts from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday. Evercore ISI increased their target price on Advance Auto Parts from $56.00 to $58.00 and gave the stock an “in-line” rating in a report on Tuesday, August 12th. Finally, Raymond James Financial increased their target price on Advance Auto Parts to $49.17 and gave the stock a “hold” rating in a report on Monday, May 26th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Advance Auto Parts presently has an average rating of “Hold” and a consensus price target of $51.01.

Advance Auto Parts Stock Performance

Advance Auto Parts stock opened at $56.68 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.27 and a quick ratio of 0.49. The stock has a fifty day moving average price of $55.24 and a two-hundred day moving average price of $44.68. Advance Auto Parts has a 52-week low of $28.89 and a 52-week high of $70.00. The firm has a market capitalization of $3.40 billion, a P/E ratio of -8.90 and a beta of 1.05.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.10. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.97 billion. Advance Auto Parts had a negative return on equity of 1.97% and a negative net margin of 4.37%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share.

Advance Auto Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 1.8%. Advance Auto Parts’s dividend payout ratio is presently -15.70%.

Insiders Place Their Bets

In other Advance Auto Parts news, SVP Jason Hand sold 948 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $48.52, for a total value of $45,996.96. Following the transaction, the senior vice president owned 9,876 shares of the company’s stock, valued at approximately $479,183.52. This represents a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Advance Auto Parts

Hedge funds have recently added to or reduced their stakes in the stock. Rexford Capital Inc. acquired a new stake in shares of Advance Auto Parts during the second quarter worth about $172,000. Public Sector Pension Investment Board raised its position in shares of Advance Auto Parts by 8.4% during the second quarter. Public Sector Pension Investment Board now owns 203,949 shares of the company’s stock worth $9,482,000 after purchasing an additional 15,790 shares during the period. FORA Capital LLC acquired a new stake in shares of Advance Auto Parts during the second quarter worth about $2,090,000. Headlands Technologies LLC acquired a new stake in shares of Advance Auto Parts during the second quarter worth about $101,000. Finally, State of Tennessee Department of Treasury raised its position in shares of Advance Auto Parts by 61.6% during the second quarter. State of Tennessee Department of Treasury now owns 23,407 shares of the company’s stock worth $1,088,000 after purchasing an additional 8,926 shares during the period. Institutional investors and hedge funds own 88.75% of the company’s stock.

About Advance Auto Parts

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.