Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Advance Auto Parts Inc Market Cap
Based on ratings from 27 stock analysts, the Advance Auto Parts Inc stock price is expected to increase by 39.9% in 12 months. This is calculated by using the average 12-month stock price forecast for Advance Auto Parts Inc. The lowest target is $17 and the highest is $98. Please note analyst price targets are not guaranteed and could be missed completely.
About 27 Wall Street analysts have assigned AAP 13 buy ratings, 11 hold ratings, and 3 sell ratings. This means that analysts expect Advance Auto Parts Inc to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on AAP. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of AAP.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Zachary Fadem Wells Fargo | Equal-Weight | $40 | Maintains | Sep 13, 2024 |
| David Bellinger Mizuho | Neutral | $38 | Maintains | Sep 12, 2024 |
| David Bellinger Mizuho | Neutral | $45 | Maintains | Aug 26, 2024 |
| Scott Ciccarelli Truist Securities | Hold | $46 | Maintains | Aug 23, 2024 |
| Christopher Horvers JP Morgan | Neutral | $43 | Maintains | Aug 23, 2024 |
| Greg Melich Evercore ISI Group | In-Line | $60 | Maintains | Aug 23, 2024 |
| Max Rakhlenko TD Cowen | Hold | $55 | Maintains | Aug 23, 2024 |
| Michael Lasser UBS | Neutral | $56 | Maintains | Aug 23, 2024 |
| Christopher Horvers JP Morgan | Neutral | $55 | Maintains | Aug 16, 2024 |
| Seth Basham Wedbush | Neutral | $65 | Reiterates | Aug 9, 2024 |
| Greg Melich Evercore ISI Group | In-Line | $68 | Maintains | Jul 16, 2024 |
| Greg Melich Evercore ISI Group | In-Line | $70 | Maintains | Jul 2, 2024 |
| Greg Melich Evercore ISI Group | In-Line | $73 | Maintains | Jun 20, 2024 |
| David Bellinger Mizuho | Neutral | $64 | Maintains | Jun 10, 2024 |
| Scott Ciccarelli Truist Securities | Hold | $63 | Maintains | May 30, 2024 |
| Elizabeth Suzuki B of A Securities | Underperform | $55 | Maintains | May 30, 2024 |
| Steven Shemesh RBC Capital | Sector Perform | $65 | Maintains | May 30, 2024 |
| Michael Lasser UBS | Neutral | $70 | Maintains | May 30, 2024 |
| Greg Melich Evercore ISI Group | In-Line | $72 | Maintains | May 30, 2024 |
| Seth Basham Wedbush | Neutral | $65 | Maintains | May 29, 2024 |
When did it IPO
2001
Staff Count
40,000
Country
United States
Sector/Industry
Consumer Cyclical/Specialty Retail
CEO
Mr. Shane M. O'Kelly
Market Cap
$2.25B
In 2023, AAP generated $11.29B in revenue, which was a increase of 1.19% from the previous year. This can be seen as a signal that AAP's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Wed, 04 Sep 2024
Sentiment - NEGATIVE
Source - The Motley Fool
Summary - Advance Auto Parts' Q2 earnings reflect a decade of underperformance, indicating a need for improved operational metrics to align with industry peers.
Why It Matters - Continued underperformance raises concerns about Advance Auto Parts' competitiveness and profitability, potentially affecting stock value and investor confidence.
Tue, 03 Sep 2024
Sentiment - NEUTRAL
Source - 24/7 Wall Street
Summary - The practice of dumpster diving is increasingly viewed as a profitable venture, highlighting the potential value in discarded items.
Why It Matters - The rise in dumpster diving highlights consumer trends toward sustainability and thrift, which could impact retail sectors and influence investment in eco-friendly businesses.
Wed, 04 Sep 2024
Sentiment - NEGATIVE
Source - Seeking Alpha
Summary - Advance Auto Parts holds a "hold" rating as it trades at a discount to peers. Lower EBIT margins and soft consumer spending may impact near-term sales, especially in the DIY segment.
Why It Matters - Advance Auto Parts faces ongoing challenges with lower EBIT margins and expected weak sales due to soft consumer spending, indicating potential underperformance relative to competitors.
Tue, 03 Sep 2024
Sentiment - NEUTRAL
Source - MarketBeat
Summary - Investors are advised to look for better opportunities during current stock market volatility, rather than reacting impulsively by selling.
Why It Matters - Market volatility creates opportunities for buying undervalued assets. Identifying these can lead to significant gains while others panic sell.
Wed, 04 Sep 2024
Sentiment - POSITIVE
Source - Benzinga
Summary - Consumer discretionary sector stocks are currently oversold, indicating potential investment opportunities in undervalued companies.
Why It Matters - Oversold stocks in consumer discretionary indicate potential bargains, suggesting a chance for gains as market correction could lead to price recovery and increased investor interest.
Wed, 28 Aug 2024
Sentiment - NEUTRAL
Source - Finbold
Summary - As of March 2024, Advance Auto Parts (NYSE: AAP) is highlighted as a strong holding in investor Michael Burry's portfolio, signaling potential investor interest.
Why It Matters - Michael Burry's endorsement of Advance Auto Parts suggests potential growth or value, indicating a positive outlook that may drive investor interest and stock performance.
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