What is Zacks Research’s Forecast for AAP Q2 Earnings?

Advance Auto Parts, Inc. (NYSE:AAP) – Equities researchers at Zacks Research upped their Q2 2027 EPS estimates for shares of Advance Auto Parts in a note issued to investors on Thursday, July 2nd. Zacks Research analyst Team now expects that the company will post earnings per share of $1.19 for the quarter, up from their prior forecast of $1.13. The consensus estimate for Advance Auto Parts’ current full-year earnings is $2.94 per share. Zacks Research also issued estimates for Advance Auto Parts’ Q2 2028 earnings at $0.71 EPS and FY2028 earnings at $4.23 EPS.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.38. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the business posted $0.40 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS.

A number of other research analysts also recently weighed in on the stock. Citigroup upped their price objective on shares of Advance Auto Parts from $57.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. cut their price target on Advance Auto Parts from $64.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft raised Advance Auto Parts to a “buy” rating in a report on Friday, May 22nd. BMO Capital Markets increased their price target on Advance Auto Parts from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings raised Advance Auto Parts from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Two analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $58.66.

Advance Auto Parts Stock Down 2.5%

AAP stock opened at $61.46 on Friday. Advance Auto Parts has a one year low of $37.89 and a one year high of $70.00. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.85 and a current ratio of 1.78. The firm’s fifty day moving average is $57.34 and its 200 day moving average is $52.28. The firm has a market cap of $3.71 billion, a PE ratio of 85.37, a P/E/G ratio of 1.04 and a beta of 1.03.

Advance Auto Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, July 10th. Advance Auto Parts’s payout ratio is 138.89%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AAP. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Advance Auto Parts during the third quarter valued at about $31,000. AlphaCore Capital LLC raised its stake in shares of Advance Auto Parts by 53.6% in the 4th quarter. AlphaCore Capital LLC now owns 883 shares of the company’s stock valued at $35,000 after acquiring an additional 308 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Advance Auto Parts by 184.5% in the 4th quarter. Hantz Financial Services Inc. now owns 919 shares of the company’s stock worth $36,000 after acquiring an additional 596 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Advance Auto Parts by 290.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock worth $43,000 after acquiring an additional 688 shares during the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Advance Auto Parts during the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Advance Auto Parts Company Profile

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.