Advance Auto Parts
About: Advance Auto Parts is a leading auto parts retailer in North America with more than 4,000 store and branch locations. About 55% of the firm's sales are geared toward the professional channel, with the remaining 45% 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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
25% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 5 (+1) [Q3]
2.02% less ownership
Funds ownership: 111.28% [Q2] → 109.26% (-2.02%) [Q3]
10% less funds holding
Funds holding: 398 [Q2] → 360 (-38) [Q3]
17% less repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 138
35% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 95
37% less call options, than puts
Call options by funds: $198M | Put options by funds: $316M
40% less capital invested
Capital invested by funds: $4.19B [Q2] → $2.52B (-$1.67B) [Q3]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$39
16%
downside
Avg. target
$47
1%
upside
High target
$55
19%
upside
10 analyst ratings
1 positive
10%
9 neutral
90%
0 negative
0%
Barclays Seth Sigman 68% 1-year accuracy 32 / 47 met price target | 17%upside $54 | Equal-Weight Maintained | 9 Jan 2025 |
Wells Fargo Zachary Fadem 65% 1-year accuracy 22 / 34 met price target | 3%downside $45 | Equal-Weight Maintained | 6 Jan 2025 |
BMO Capital Tristan Thomas-Martin 44% 1-year accuracy 4 / 9 met price target | 3%downside $45 | Market Perform Initiated | 13 Dec 2024 |
Evercore ISI Group Greg Melich 80% 1-year accuracy 51 / 64 met price target | 3%downside $45 | In-Line Maintained | 20 Nov 2024 |
Wedbush Seth Basham 65% 1-year accuracy 90 / 138 met price target | 19%upside $55 | Outperform Reiterated | 15 Nov 2024 |
Financial journalist opinion
Based on 3 articles about AAP published over the past 30 days
Neutral
Forbes
1 day ago
Advance Auto Parts Puts Foot On Turnaround Gas With 200 Store Closures
Automotive parts retailer Advance Auto Parts is hoping that less is more as it moves forward with plans to shutter over 200 locations as it begins to downsize its nationwide store footprint.
Neutral
MarketBeat
5 days ago
Advance Auto Parts: Retail Trends Suggest Big Gains Ahead
Now that Goldman Sachs has warned investors about potential tail risks in the broader S&P 500 index, it would be good for investors to start looking for opportunities that offer fewer downside risks in 2025 but still carry double-digit upside. Today, investors can identify one clear theme through an in-depth analysis of the retail sector and, more importantly, trends in retail sales data numbers.
Neutral
Business Wire
1 week ago
Advance Auto Parts Appoints Shweta Bhatia as Chief Technology Officer
RALEIGH, N.C.--(BUSINESS WIRE)--Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, today announced that it has appointed Shweta Bhatia as executive vice president and chief technology officer, effective immediately. “Shweta's history of successfully executing transformational programs that focus on speed, efficiency, and providing quality solutions to customers will greatly.
Neutral
Business Wire
1 month ago
Advance Auto Parts Appoints Michael Beland as Chief Accounting Officer
RALEIGH, N.C.--(BUSINESS WIRE)--Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, today announced that it has appointed Michael Beland as senior vice president, controller and chief accounting officer, effective January 5, 2025. In this role, Mr. Beland will be responsible for enterprise-wide accounting operations, tax, external financial reporting, and all related complia.
Negative
Zacks Investment Research
1 month ago
Here's Why You Should Offload Advance Auto From Your Portfolio
AAP faces headwinds from planned store closures, weakness in the DIY segment and high capital requirements.
Negative
Zacks Investment Research
2 months ago
New Strong Sell Stocks for November 20th
AAP, AIN and CDW have been added to the Zacks Rank #5 (Strong Sell) List on November 20, 2024.
Positive
Seeking Alpha
2 months ago
Advance Auto Parts: Undervalued Turnaround Stock With Major Margin Expansion Ahead
The sale of Worldpac for $1.5 billion significantly strengthens AAP's balance sheet, eliminating solvency risk and providing a cash cushion worth nearly half its total market cap. AAP's restructuring plan includes closing 727 stores and reducing headcount, a difficult but necessary move to create a stronger, more profitable foundation. Management aims for 7% operating margins by FY2027, achieved solely through cost savings, with additional upside potential from top-line growth.
Neutral
The Motley Fool
2 months ago
Can This $1.2 Billion Deal Turn a Longtime Losing Stock Into a Winner?
Advance Auto Parts has lagged behind its winning peers for years.
Neutral
PYMNTS
2 months ago
Advance Auto Parts Aims to Boost Productivity by Closing Stores
Advance Auto Parts plans to close 523 corporate stores, exit 204 independently owned locations and close four distribution centers in the United States by mid-2025 as it works to boost its operational productivity.
Negative
Fast Company
2 months ago
Advance Auto Parts will close over 700 stores as the list of struggling retailers grows
Advance Auto Parts, a leading automotive aftermarket-parts provider in North America that serves both professional installers and do-it-yourself customers, said it will close more than 700 of its 5,000 stores in a “strategic plan to improve business performance.” Of those closing, it said 523 will be corporate stores, 204 will be independent locations, and four will be distribution centers.
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