Advance Auto Parts Inc (AAP)

NYSE
Currency in USD
47.87
-0.72(-1.48%)
Closed
After Hours
47.86-0.01(-0.02%)
AAP Scorecard
Full Analysis
Trading at a high earnings multiple
Earnings results expected in 9 days
Fair Value
Day's Range
47.4949.02
52 wk Range
35.5988.56
Key Statistics
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Prev. Close
48.59
Open
49
Day's Range
47.49-49.02
52 wk Range
35.59-88.56
Volume
1.18M
Average Volume (3m)
1.97M
1-Year Change
-25.77%
Book Value / Share
43.82
Fair Value
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Fair Value Upside
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AAP Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
44.33
Downside
-7.39%
Members' Sentiments
Bearish
Bullish
ProTips
Analysts anticipate sales decline in the current year
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Advance Auto Parts Inc 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. It also offers air conditioning chemicals and accessories; air fresheners; antifreeze and washer fluids; electrical wires and fuses; electronics; floor mats, seat covers, and interior accessories; hand and specialty tools; lighting products; performance parts; sealants, adhesives, and compounds; tire repair accessories; vent shades, mirrors and exterior accessories; washes, waxes and cleaning supplies; and wiper blades. In addition, the company offers air filters; fuel and oil additives; fuel filters; grease and lubricants; motor oils; oil filters, part cleaners and treatments; and transmission fluids for engine maintenance. Further, it offers battery and wiper installation; engine light scanning and checking; electrical system testing, including batteries, starters, and alternators; oil and battery recycling; and loaner tool program services. Additionally, the company sells its products through its website. It serves professional installers and do-it-yourself customers. The company operates stores under the Advance Auto Parts and Carquest names, as well as branches under the Worldpac name. The company has stores in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada; and independently owned Carquest branded stores in Mexico and various Caribbean Islands. Advance Auto Parts, Inc. was founded in 1929 and is based in Raleigh, North Carolina.

Employees
54500

Advance Auto Parts Inc SWOT Analysis


Turnaround Tactics
Advance Auto Parts unveils ambitious restructuring plan, including the sale of Worldpac, aiming to revitalize operations and close the gap with industry leaders
Financial Crossroads
Company targets $9 billion in sales and 7% operating margin by 2027, but faces near-term challenges with analysts projecting sales decline
Competitive Landscape
AAP struggles to match performance of O'Reilly and AutoZone, emphasizing the need for successful execution of new strategic initiatives
Analyst Outlook
Price targets range from $40 to $66, reflecting cautious optimism about AAP's turnaround potential amid historical difficulties and market uncertainties
Read full SWOT analysis

Advance Auto Parts Inc Earnings Call Summary for Q3/2024

  • Q3 net sales down 3% to $2.1B; gross profit up to $908M (42.3% of sales) due to inventory adjustments
  • Strategic plan targets 7% adjusted operating margin by 2027; 500+ underperforming stores to close
  • 2024 outlook: ~$9B net sales, 1% comparable store sales decline; 2025: $8.4-8.6B sales, 30 new stores
  • Worldpac sale generated $1.5B liquidity; $2.8B vendor financing targeted; $300M annual capex planned
  • Q4 operating margins expected to decline up to 5%; 2024 adjusted EPS forecast: -$0.60 to flat
Last Updated: 2024/11/14, 21:54
Read Full Transcript

Compare AAP to Peers and Sector

Metrics to compare
AAP
Peers
Sector
Relationship
P/E Ratio
60.3x8.2x10.8x
PEG Ratio
−0.870.300.02
Price/Book
1.1x0.8x1.4x
Price / LTM Sales
0.3x0.6x0.9x
Upside (Analyst Target)
−6.0%17.6%22.0%
Fair Value Upside
Unlock22.0%9.8%Unlock

Analyst Ratings

2 Buy
24 Hold
3 Sell
Ratings:
29 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 44.33
(-7.39% Downside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 0.736
Dividend Yield
2.09%
Industry Median 1.80%
Annualised payout
1
Paid quarterly
5-Years Growth
+33.03%
Growth Streak

Earnings

Latest Release
Nov 14, 2024
EPS / Forecast
-0.04 / 0.52
Revenue / Forecast
2.10B / 2.65B
EPS Revisions
Last 90 days

FAQ

What Is the Advance Auto Parts (AAP) Stock Price Today?

The Advance Auto Parts stock price today is 47.87

What Stock Exchange Does Advance Auto Parts Trade On?

Advance Auto Parts is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Advance Auto Parts?

The stock symbol for Advance Auto Parts is "AAP."

Does Advance Auto Parts Pay Dividends? What’s The Current Dividend Yield?

The Advance Auto Parts dividend yield is 2.09%.

What Is the Advance Auto Parts Market Cap?

As of today, Advance Auto Parts market cap is 2.84B.

What is Advance Auto Parts Earnings Per Share?

The Advance Auto Parts EPS is 0.736.

What Is the Next Advance Auto Parts Earnings Date?

Advance Auto Parts will release its next earnings report on 25 Feb 2025.

From a Technical Analysis Perspective, Is AAP a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Buy.
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