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 7,139 funds
0
Analysts bullish %
of 4 analysts
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 (+$903M) [Q4]
12.23% more ownership
Funds ownership: 109.26% [Q3] → 121.49% (+12.23%) [Q4]
9% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 66
5% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 113
4% more call options, than puts
Call options by funds: $263M | Put options by funds: $252M
2% less funds holding
Funds holding: 361 [Q3] → 354 (-7) [Q4]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q3] → 4 (-1) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$45
4%
upside
Avg. target
$48
10%
upside
High target
$54
24%
upside
4 analyst ratings
0 positive
0%
4 neutral
100%
0 negative
0%
Citigroup Steven Zaccone 75% 1-year accuracy 12 / 16 met price target | 8%upside $47 | Neutral Maintained | 21 Feb 2025 |
Barclays Seth Sigman 65% 1-year accuracy 30 / 46 met price target | 24%upside $54 | Equal-Weight Maintained | 9 Jan 2025 |
Wells Fargo Zachary Fadem 67% 1-year accuracy 22 / 33 met price target | 4%upside $45 | Equal-Weight Maintained | 6 Jan 2025 |
BMO Capital Tristan Thomas-Martin 56% 1-year accuracy 5 / 9 met price target | 4%upside $45 | Market Perform Initiated | 13 Dec 2024 |
Financial journalist opinion
Based on 6 articles about AAP published over the past 30 days
Neutral
MarketBeat
2 days ago
2 Auto Stocks to Let Go and 1 Worth Buying for the Long Haul
Most investors fall into what's called “Indicator purgatory,” where they rely heavily on indicators and chart patterns to tell them where to start buying and selling in the market. However, there comes a point in the economic cycle, such as today, when those strategies become too crowded, and most participants collectively look at the same set of indicators all at once.
Negative
Benzinga
1 week ago
5 Stocks That Could Suffer With Canadian Tariffs
Trump's plans to place tariffs on Canada has come as a surprise, and many businesses are scrambling to deal with the potential fallout.
Neutral
Business Wire
2 weeks ago
Advance Auto Parts Appoints Jeff Vining as General Counsel
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 Jeff Vining as executive vice president, general counsel and corporate secretary, effective March 2, 2025. In this role, Mr. Vining will be responsible for all aspects of the Company's legal, corporate governance, and compliance functions. Jeff will repor.
Neutral
Business Wire
2 weeks ago
Advance Auto Parts Announces Date for Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
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, will report financial results for its fourth quarter and full year ended December 28, 2024, before the market opens on Wednesday, February 26, 2025. The company has scheduled a conference call and webcast to begin at 8:00 a.m. ET on Wednesday, February 26, 2025. A live webcast will be availab.
Neutral
Business Wire
3 weeks ago
Advance Auto Parts Names Valvoline™ Global 2024 Vendor Partner of the Year
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, presented its 2024 Vendor of the Year Award to Valvoline ™ Global during “Accelerate,” the Company's annual vendor appreciation and leadership kickoff event in Orlando, FL. This year, the Company brought together valued vendors and team members in one place to fuel incredible energy behind ex.
Positive
Zacks Investment Research
4 weeks ago
These 2 Retail and Wholesale Stocks Could Beat Earnings: Why They Should Be on Your Radar
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Neutral
Forbes
1 month 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
1 month 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 month 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
2 months 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.
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