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

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

Advance Auto Parts Price Performance

AAP stock traded down $7.52 during trading on Wednesday, reaching $38.36. The company’s stock had a trading volume of 4,855,262 shares, compared to its average volume of 1,904,252. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.69. Advance Auto Parts has a 1 year low of $35.59 and a 1 year high of $88.56. The company’s fifty day moving average is $46.22 and its 200-day moving average is $43.98. The company has a market capitalization of $2.29 billion, a P/E ratio of 52.36, a price-to-earnings-growth ratio of 1.98 and a beta of 1.15.

Insiders Place Their Bets

In other news, EVP Tammy M. Finley sold 1,276 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total transaction of $56,220.56. Following the transaction, the executive vice president now owns 24,266 shares of the company’s stock, valued at approximately $1,069,159.96. The trade was a 5.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AAP. Citigroup boosted their target price on shares of Advance Auto Parts from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Wedbush reissued an “outperform” rating and set a $55.00 price objective on shares of Advance Auto Parts in a research report on Friday, November 15th. The Goldman Sachs Group reduced their price target on shares of Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. UBS Group upped their price objective on Advance Auto Parts from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Finally, DA Davidson reissued a “neutral” rating and issued a $45.00 target price on shares of Advance Auto Parts in a report on Friday, November 15th. One 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 company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.