Advance Auto Parts (NYSE:AAP) Releases Quarterly Earnings Results, Beats Expectations By $0.21 EPS

Advance Auto Parts (NYSE:AAP) issued its earnings results on Wednesday. The company reported ($1.18) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.21, Zacks reports. Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. Advance Auto Parts updated its FY 2025 guidance to 1.500-2.500 EPS.

Advance Auto Parts Trading Down 10.7 %

NYSE AAP traded down $4.93 during mid-day trading on Wednesday, hitting $40.95. The company’s stock had a trading volume of 608,110 shares, compared to its average volume of 1,793,662. The stock’s fifty day simple moving average is $46.22 and its two-hundred day simple moving average is $43.98. Advance Auto Parts has a 52-week low of $35.59 and a 52-week high of $88.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.34 and a quick ratio of 0.62. The firm has a market capitalization of $2.45 billion, a P/E ratio of 57.17, a price-to-earnings-growth ratio of 1.98 and a beta of 1.15.

Insider Activity at Advance Auto Parts

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $44.06, for a total value of $56,220.56. Following the transaction, the executive vice president now directly owns 24,266 shares of the company’s stock, valued at $1,069,159.96. This trade represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AAP shares. Evercore ISI raised their price objective on Advance Auto Parts from $45.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Wedbush reiterated an “outperform” rating and set a $55.00 target price on shares of Advance Auto Parts in a report on Friday, November 15th. Royal Bank of Canada cut their price target on Advance Auto Parts from $52.00 to $46.00 and set a “sector perform” rating for the company in a report on Monday, November 11th. DA Davidson restated a “neutral” rating and issued a $45.00 price objective on shares of Advance Auto Parts in a research report on Friday, November 15th. Finally, Truist Financial dropped their price objective on Advance Auto Parts from $41.00 to $39.00 and set a “hold” rating for the company in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $47.88.

Advance Auto Parts Company Profile

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.