Truist Financial Forecasts Strong Price Appreciation for Advance Auto Parts (NYSE:AAP) Stock

Advance Auto Parts (NYSE:AAP) had its price target raised by Truist Financial from $48.00 to $57.00 in a report issued on Tuesday, MarketBeat.com reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 1.85% from the company’s current price.

AAP has been the topic of several other research reports. JPMorgan Chase & Co. lifted their target price on Advance Auto Parts from $44.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Roth Mkm reissued a “neutral” rating and set a $55.00 price target (up from $50.00) on shares of Advance Auto Parts in a report on Monday, October 27th. BMO Capital Markets lifted their price objective on shares of Advance Auto Parts from $55.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday. UBS Group reiterated a “neutral” rating on shares of Advance Auto Parts in a research report on Monday, February 9th. Finally, Wells Fargo & Company boosted their price target on shares of Advance Auto Parts from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $52.93.

Advance Auto Parts Stock Down 1.4%

AAP stock opened at $55.96 on Tuesday. The stock has a market cap of $3.36 billion, a PE ratio of 76.66, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. The firm’s 50-day simple moving average is $46.36 and its 200 day simple moving average is $52.40. Advance Auto Parts has a fifty-two week low of $28.89 and a fifty-two week high of $70.00. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 1.55.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Friday, February 13th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.41 by $0.45. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. Advance Auto Parts’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($10.16) EPS. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. As a group, sell-side analysts predict that Advance Auto Parts will post -0.46 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC acquired a new stake in shares of Advance Auto Parts during the 3rd quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Advance Auto Parts during the third quarter valued at $31,000. AlphaCore Capital LLC boosted its position in shares of Advance Auto Parts by 6,288.9% in the 3rd quarter. AlphaCore Capital LLC now owns 575 shares of the company’s stock valued at $35,000 after purchasing an additional 566 shares during the period. Hantz Financial Services Inc. boosted its position 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 valued at $36,000 after purchasing an additional 596 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in 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 purchasing an additional 688 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Advance Auto Parts News Summary

Here are the key news stories impacting Advance Auto Parts this week:

• Positive Sentiment: Q4 results beat expectations — AAP reported better-than-expected Q4 earnings and revenue (EPS and sales topped consensus), and management set FY2026 guidance (EPS range). That beat prompted analysts to raise forecasts, supporting upside potential. Advance Auto Parts Analysts Raise Their Forecasts After Better-Than-Expected Q4 Earnings
• Positive Sentiment: Several firms lifted price targets after the quarter — Royal Bank of Canada raised its PT to $63 (sector perform) and Truist raised its PT to $57 while keeping a hold/neutral view; those raises signal some analyst conviction in the recovery. RBC Adjusts Price Target on Advance Auto Parts to $63
• Neutral Sentiment: Morgan Stanley reiterated a hold rating — the firm is sticking with a neutral view, which suggests limited near-term upside from their perspective. Morgan Stanley Sticks to Their Hold Rating for Advance Auto Parts (AAP)
• Neutral Sentiment: RBC Capital (press coverage) is still labeling AAP a hold despite adjusting targets — mixed messaging from the same/related houses can muddy investor conviction. RBC Capital Remains a Hold on Advance Auto Parts (AAP)
• Negative Sentiment: DA Davidson reaffirmed a neutral (“neutral”) rating with a $47 price target — this implies meaningful downside from recent levels and highlights divergent analyst views. DA Davidson Reaffirms Neutral on Advance Auto Parts
• Negative Sentiment: Technical/valuation and flow considerations: the stock’s P/E is elevated, trading volume was below average today, and several firms retain neutral/hold stances — those factors can limit rally momentum even after an earnings beat. Advance Auto Parts Trading and Valuation Snapshot

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.