Advance Auto PartsAAP
Market Cap: $2.37B
About: Advance Auto Parts is a leading auto parts retailer in North America with more than 5,000 store and branch locations. About 60% of the firm's sales are geared toward the professional channel, with the remaining 40% going to the do-it-yourself market. Through its vast store footprint and distribution network, Advance manages thousands of stock-keeping units conducive to various vehicle makes and models. The retailer primarily competes on the basis of inventory availability and service speed, making the operating efficiency of its hub and spoke distribution model critical to meeting customer needs.
Employees: 69,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
83% more call options, than puts
Call options by funds: $360M | Put options by funds: $197M
3.19% more ownership
Funds ownership: 105.69% [Q1] → 108.88% (+3.19%) [Q2]
2% less repeat investments, than reductions
Existing positions increased: 129 | Existing positions reduced: 131
9% less first-time investments, than exits
New positions opened: 63 | Existing positions closed: 69
1% less funds holding
Funds holding: 402 [Q1] → 396 (-6) [Q2]
23% less capital invested
Capital invested by funds: $5.35B [Q1] → $4.1B (-$1.24B) [Q2]
60% less funds holding in top 10
Funds holding in top 10: 10 [Q1] → 4 (-6) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Mizuho David Bellinger 36% 1-year accuracy 5 / 14 met price target | 13%upside $45 | Neutral Maintained | 26 Aug 2024 |
Truist Securities Scott Ciccarelli 0 / 0 met price target | 16%upside $46 | Hold Maintained | 23 Aug 2024 |
Evercore ISI Group Greg Melich 85% 1-year accuracy 44 / 52 met price target | 51%upside $60 | In-Line Maintained | 23 Aug 2024 |
TD Cowen Max Rakhlenko 63% 1-year accuracy 10 / 16 met price target | 38%upside $55 | Hold Maintained | 23 Aug 2024 |
UBS Michael Lasser 58% 1-year accuracy 18 / 31 met price target | 41%upside $56 | Neutral Maintained | 23 Aug 2024 |
Financial journalist opinion
Based on 32 articles about AAP published over the past 30 days