Key Points
- Advance Auto Parts EVP Kristen Soler sold 7,662 shares on Nov. 13 at an average price of $51.00 for proceeds of $390,762, leaving her with 23,165 shares — a 24.85% reduction in her holding.
- The company reported Q3 EPS of $0.92 (vs. $0.74 expected) and revenue of $2.04 billion (slightly above estimates) but saw revenue down 5.2% year‑over‑year and a negative net margin of 4.37%; management set FY2025 EPS guidance of 1.75–1.85.
- AAP shares were trading around $49.96 with a market cap of ~$3.0 billion and a negative P/E; the company pays a quarterly dividend of $0.25 (annualized $1.00, yield ~2.0%, ex‑dividend Jan. 9) and carries a consensus MarketBeat rating of "Reduce" with a $51.78 price target.
Advance Auto Parts, Inc. (NYSE:AAP - Get Free Report) EVP Kristen Soler sold 7,662 shares of the company's stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $51.00, for a total transaction of $390,762.00. Following the completion of the transaction, the executive vice president directly owned 23,165 shares of the company's stock, valued at $1,181,415. This represents a 24.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Advance Auto Parts Price Performance
AAP stock traded down $0.26 during trading on Friday, reaching $49.96. The company's stock had a trading volume of 1,333,749 shares, compared to its average volume of 2,412,450. The company has a quick ratio of 0.49, a current ratio of 1.27 and a debt-to-equity ratio of 0.68. The company's fifty day moving average is $55.85 and its 200-day moving average is $52.75. The company has a market capitalization of $3.00 billion, a P/E ratio of -7.84 and a beta of 1.06. Advance Auto Parts, Inc. has a 1 year low of $28.89 and a 1 year high of $70.00.
Advance Auto Parts (NYSE:AAP - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.18. Advance Auto Parts had a negative return on equity of 1.97% and a negative net margin of 4.37%.The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The business's quarterly revenue was down 5.2% compared to the same quarter last year. Advance Auto Parts has set its FY 2025 guidance at 1.750-1.850 EPS. On average, research analysts expect that Advance Auto Parts, Inc. will post -0.46 earnings per share for the current fiscal year.
Advance Auto Parts Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, January 9th. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. Advance Auto Parts's dividend payout ratio (DPR) is presently -15.90%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on AAP. Wall Street Zen upgraded shares of Advance Auto Parts from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. increased their price objective on shares of Advance Auto Parts from $44.00 to $62.00 and gave the company a "neutral" rating in a report on Friday, October 31st. Cfra Research raised Advance Auto Parts to a "hold" rating in a report on Thursday, October 30th. BMO Capital Markets reissued a "market perform" rating and set a $55.00 price target on shares of Advance Auto Parts in a research note on Friday, October 31st. Finally, Wells Fargo & Company raised their price target on Advance Auto Parts from $45.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, August 15th. One investment analyst has rated the stock with a Buy rating, twenty have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $51.78.
Get Our Latest Report on Advance Auto Parts
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Pzena Investment Management LLC lifted its holdings in shares of Advance Auto Parts by 1.9% in the 2nd quarter. Pzena Investment Management LLC now owns 4,394,964 shares of the company's stock worth $204,322,000 after acquiring an additional 82,456 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Advance Auto Parts by 3.0% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,552,475 shares of the company's stock worth $139,293,000 after purchasing an additional 102,921 shares during the period. Dimensional Fund Advisors LP lifted its stake in Advance Auto Parts by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,741,701 shares of the company's stock worth $107,500,000 after purchasing an additional 13,412 shares during the last quarter. Federated Hermes Inc. lifted its stake in Advance Auto Parts by 12.8% in the third quarter. Federated Hermes Inc. now owns 2,694,027 shares of the company's stock worth $165,413,000 after purchasing an additional 306,702 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Advance Auto Parts by 13.5% during the second quarter. State Street Corp now owns 2,406,039 shares of the company's stock valued at $111,857,000 after buying an additional 286,148 shares during the period. Institutional investors own 88.70% of the company's stock.
Advance Auto Parts Company Profile
(
Get Free Report)
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.
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