Research Analysts Offer Predictions for AAP FY2028 Earnings

Advance Auto Parts, Inc. (NYSE:AAP) – Zacks Research raised their FY2028 earnings per share (EPS) estimates for Advance Auto Parts in a research report issued to clients and investors on Thursday, June 4th. Zacks Research analyst Team now expects that the company will post earnings per share of $3.90 for the year, up from their previous estimate of $3.51. The consensus estimate for Advance Auto Parts’ current full-year earnings is $2.95 per share.

Several other research firms also recently commented on AAP. Mizuho increased their target price on shares of Advance Auto Parts from $54.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Wells Fargo & Company increased their target price on shares of Advance Auto Parts from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. The Goldman Sachs Group increased their target price on shares of Advance Auto Parts from $49.00 to $54.00 and gave the stock a “sell” rating in a research report on Friday, May 22nd. BMO Capital Markets increased their target price on shares of Advance Auto Parts from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, May 22nd. Finally, TD Cowen reissued a “hold” rating on shares of Advance Auto Parts in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $58.66.

Advance Auto Parts Trading Up 0.0%

Advance Auto Parts stock opened at $56.81 on Monday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.78 and a quick ratio of 0.85. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 78.91, a PEG ratio of 0.93 and a beta of 1.05. Advance Auto Parts has a one year low of $37.89 and a one year high of $70.00. The company’s fifty day moving average price is $55.31 and its two-hundred day moving average price is $51.05.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.38. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.05 billion. Advance Auto Parts had a return on equity of 8.95% and a net margin of 0.51%.Advance Auto Parts’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.100 EPS.

Advance Auto Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, July 10th. Advance Auto Parts’s dividend payout ratio (DPR) is currently 138.89%.

Institutional Investors Weigh In On Advance Auto Parts

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Advance Auto Parts in the third quarter valued at about $31,000. AlphaCore Capital LLC grew its position in shares of Advance Auto Parts by 6,288.9% in the third 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 last quarter. Hantz Financial Services Inc. grew its position in shares of Advance Auto Parts by 184.5% in the fourth 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 last quarter. Smartleaf Asset Management LLC grew its position in shares of Advance Auto Parts by 290.3% in the second quarter. Smartleaf Asset Management LLC now owns 925 shares of the company’s stock valued at $43,000 after purchasing an additional 688 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Advance Auto Parts in the third quarter valued at about $52,000. 88.70% of the stock is owned by institutional investors and hedge funds.

More Advance Auto Parts News

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

• Positive Sentiment: Advance Auto Parts crossed above its 200-day moving average, a technical signal that can attract momentum-focused buyers. Advance Auto Parts (NYSE:AAP) Shares Cross Above 200-Day Moving Average – Here’s What Happened
• Positive Sentiment: Zacks highlighted Advance Auto Parts as a top long-term value stock, which may support investor confidence in the turnaround and valuation case. Why Advance Auto Parts (AAP) is a Top Value Stock for the Long-Term
• Neutral Sentiment: Brokerages currently rate Advance Auto Parts at an average recommendation of “Hold,” suggesting analysts are not strongly bearish but also not broadly bullish. Advance Auto Parts, Inc. (NYSE:AAP) Given Average Recommendation of “Hold” by Brokerages
• Negative Sentiment: Zacks Research trimmed several forward EPS estimates, including Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q3 2027, Q4 2027, Q1 2028, and FY2027, which could pressure sentiment if investors view the revisions as a sign of slower profit growth ahead.
• Positive Sentiment: Zacks did raise its FY2026 EPS estimate, which partially offsets the weaker near-term and longer-dated revisions.

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.