Advance Auto Parts (NYSE:AAP) Given New $65.00 Price Target at Royal Bank Of Canada

Advance Auto Parts (NYSE:AAP) had its price objective hoisted by investment analysts at Royal Bank Of Canada from $62.00 to $65.00 in a research note issued to investors on Friday,MarketScreener reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 12.13% from the company’s previous close.

A number of other analysts also recently commented on the stock. Truist Financial set a $62.00 target price on shares of Advance Auto Parts in a report on Thursday. Evercore set a $60.00 price objective on shares of Advance Auto Parts in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft raised Advance Auto Parts to a “buy” rating in a research report on Friday. TD Cowen restated a “hold” rating on shares of Advance Auto Parts in a research report on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Advance Auto Parts in a research report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $56.04.

Advance Auto Parts Stock Down 1.1%

Shares of Advance Auto Parts stock opened at $57.97 on Friday. The business has a 50-day moving average price of $53.84 and a 200 day moving average price of $50.37. Advance Auto Parts has a fifty-two week low of $37.89 and a fifty-two week high of $70.00. The firm has a market cap of $3.50 billion, a P/E ratio of 79.70, a P/E/G ratio of 0.90 and a beta of 1.06. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 1.55.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Thursday, May 21st. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.39 by $0.38. Advance Auto Parts had a return on equity of 6.23% and a net margin of 0.51%.The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the firm earned $0.40 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS. On average, sell-side analysts forecast that Advance Auto Parts will post 2.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Advance Auto Parts

A number of hedge funds and other institutional investors have recently made changes to their positions in AAP. Savoir Faire Capital Management L.P. boosted its position in Advance Auto Parts by 11.4% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 226,990 shares of the company’s stock worth $13,937,000 after acquiring an additional 23,172 shares during the last quarter. Federated Hermes Inc. boosted its stake in Advance Auto Parts by 12.8% in the 3rd quarter. Federated Hermes Inc. now owns 2,694,027 shares of the company’s stock valued at $165,413,000 after purchasing an additional 306,702 shares during the period. CSM Advisors LLC grew its holdings in Advance Auto Parts by 71.6% in the 3rd quarter. CSM Advisors LLC now owns 89,867 shares of the company’s stock valued at $5,517,000 after buying an additional 37,486 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Advance Auto Parts during the 3rd quarter worth $1,840,000. Finally, Fluent Financial LLC acquired a new stake in shares of Advance Auto Parts during the fourth quarter worth $6,228,000. 88.70% of the stock is owned by institutional investors.

Advance Auto Parts News Roundup

Here are the key news stories impacting Advance Auto Parts this week:

• Positive Sentiment: Q1 adjusted EPS came in at $0.77, well above the $0.39 consensus, while revenue of $2.61 billion also topped expectations. Why Advance Auto Parts Stock Skyrocketed Today
• Positive Sentiment: Comparable sales rose 3.5%, with strength in both Pro and DIY channels, suggesting improving customer demand and better execution. Advance Auto Parts surges as Q1 results show comps and margins rebounding
• Positive Sentiment: Margins improved sharply, with adjusted operating margin expanding to 3.8%, up about 410 basis points year over year, reinforcing the view that the recovery is gaining traction. Advance Auto Parts Gets Sales Boost From Pro Business
• Neutral Sentiment: The company reaffirmed full-year 2026 guidance instead of raising it, which may temper some enthusiasm even after the strong quarter.
• Neutral Sentiment: Advance Auto Parts also declared a quarterly dividend of $0.25 per share, adding some income appeal but not a major short-term catalyst.

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.