Q2 EPS Forecast for Advance Auto Parts Reduced by Analyst

Advance Auto Parts, Inc. (NYSE:AAP) – Equities researchers at Zacks Research dropped their Q2 2027 EPS estimates for Advance Auto Parts in a note issued to investors on Thursday, September 3rd. Zacks Research analyst Team now expects that the company will post earnings per share of $0.96 for the quarter, down from their previous forecast of $1.19. The consensus estimate for Advance Auto Parts’ current full-year earnings is $2.98 per share. Zacks Research also issued estimates for Advance Auto Parts’ Q3 2027 earnings at $0.96 EPS, Q4 2027 earnings at $0.79 EPS, FY2027 earnings at $3.51 EPS, Q1 2028 earnings at $1.12 EPS, Q2 2028 earnings at $0.91 EPS and FY2028 earnings at $4.13 EPS.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Thursday, August 20th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.22. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.04 billion. Advance Auto Parts had a net margin of 0.97% and a return on equity of 9.84%. Advance Auto Parts’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS.

Other research analysts have also issued reports about the company. Guggenheim reiterated a “neutral” rating on shares of Advance Auto Parts in a research report on Friday, August 21st. Citigroup reduced their target price on Advance Auto Parts from $57.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 21st. Barclays decreased their price target on Advance Auto Parts from $59.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Roth Capital set a $48.00 price target on Advance Auto Parts in a report on Friday, August 21st. Finally, DA Davidson cut their price objective on Advance Auto Parts from $58.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, August 21st. Two investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.19.

Advance Auto Parts Trading Down 3.8%

AAP opened at $42.49 on Monday. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 0.71 and a beta of 1.01. The company’s 50 day simple moving average is $52.69 and its two-hundred day simple moving average is $54.30. Advance Auto Parts has a 1-year low of $37.89 and a 1-year high of $65.21. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.75 and a quick ratio of 0.85.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AAP. Baird Financial Group Inc. lifted its stake in shares of Advance Auto Parts by 1.5% during the 2nd quarter. Baird Financial Group Inc. now owns 61,497 shares of the company’s stock worth $3,826,000 after purchasing an additional 879 shares during the period. Nykredit A S acquired a new position in Advance Auto Parts in the second quarter valued at $155,000. Corient Private Wealth LP lifted its position in Advance Auto Parts by 60.9% during the second quarter. Corient Private Wealth LP now owns 8,723 shares of the company’s stock worth $543,000 after buying an additional 3,300 shares during the period. HighTower Advisors LLC purchased a new position in Advance Auto Parts during the second quarter worth about $264,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Advance Auto Parts in the 2nd quarter worth about $787,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Advance Auto Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, October 9th. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. Advance Auto Parts’s dividend payout ratio (DPR) is 72.99%.

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.