Advance Auto Parts (AAP)

• Market cap: $2.32B
• 1 day: -1.10%
• 5 days: 3.11%
• 1 month: 9.52%
• 3 months: -19.44%
• 6 months: 2.65%
• Year to date: -19.44%
• 1 year: -54.61%
• 5 years: -56.51%
• 10 years: -73.02%
• Sector: Consumer Discretionary
• Industry: Auto & Home Supply Stores

About: Advance Auto Parts is a leading auto-parts retailer in North America with more than 4,000 store and branch locations. About 50% of the firm's sales are geared toward the professional channel, with the remaining sales in the do-it-yourself market. Through its vast store footprint and distribution network, Advance manages thousands of stock-keeping units for 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: 62,800

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

36% more capital invested

Capital invested by funds: $2.52B [Q3] → $3.42B (+$899M) [Q4]

12.39% more ownership

Funds ownership: 109.25% [Q3] → 121.63% (+12.39%) [Q4]

7% more first-time investments, than exits

New positions opened: 73 | Existing positions closed: 68

4% more repeat investments, than reductions

Existing positions increased: 119 | Existing positions reduced: 114

4% more call options, than puts

Call options by funds: $263M | Put options by funds: $252M

1% less funds holding

Funds holding: 361 [Q3] → 356 (-5) [Q4]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q3] → 4 (-1) [Q4]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $34 12% downside
• Avg. target: $43 12% upside
• High target: $55 42% upside

8 analyst ratings

• positive: 1 13%
• neutral: 7 88%
• negative: 0 0%

Evercore ISI Group Greg Melich 76% 1-year accuracy 45 / 59 met price target	10% downside $35	In-Line Maintained	11 Mar 2025
Wedbush Seth Basham 52% 1-year accuracy 64 / 124 met price target	42% upside $55	Outperform Reiterated	3 Mar 2025
Citigroup Steven Zaccone 33% 1-year accuracy 6 / 18 met price target	3% upside $40	Neutral Maintained	27 Feb 2025
RBC Capital Steven Shemesh 53% 1-year accuracy 24 / 45 met price target	13% upside $44	Sector Perform Maintained	27 Feb 2025
BMO Capital Tristan Thomas-Martin 67% 1-year accuracy 8 / 12 met price target	3% upside $40	Market Perform Maintained	27 Feb 2025