Advance Auto Parts (AAP) Projected to Post Earnings on Thursday

Advance Auto Parts (NYSE:AAP) is anticipated to post its Q1 2025 quarterly earnings results before the market opens on Thursday, May 22nd. Analysts expect Advance Auto Parts to post earnings of ($0.77) per share and revenue of $2.51 billion for the quarter.

Advance Auto Parts Stock Performance

Shares of Advance Auto Parts stock opened at $32.56 on Thursday. 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 cap of $1.95 billion, a P/E ratio of 44.60, a P/E/G ratio of 1.98 and a beta of 0.93. The firm has a 50 day simple moving average of $34.52 and a 200 day simple moving average of $40.30. Advance Auto Parts has a fifty-two week low of $28.89 and a fifty-two week high of $77.13.

Insiders Place Their Bets

In other Advance Auto Parts news, Director Eugene I. Lee, Jr. purchased 14,640 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $34.15 per share, for a total transaction of $499,956.00. Following the purchase, the director now directly owns 34,070 shares in the company, valued at $1,163,490.50. The trade was a 75.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Shane M. Okelly acquired 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $36.79 per share, for a total transaction of $55,185.00. Following the completion of the transaction, the chief executive officer now directly owns 183,121 shares in the company, valued at $6,737,021.59. The trade was a 0.83% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

AAP has been the topic of several research reports. Wedbush reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Advance Auto Parts in a research report on Monday, March 3rd. Evercore ISI cut their price objective on shares of Advance Auto Parts from $37.00 to $35.00 and set an “in-line” rating on the stock in a research report on Tuesday, March 11th. Royal Bank of Canada cut their price objective on shares of Advance Auto Parts from $50.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Citigroup cut their price objective on shares of Advance Auto Parts from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Finally, Truist Financial cut their price objective on shares of Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Advance Auto Parts currently has an average rating of “Hold” and an average target price of $45.13.

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.