Advance Auto Parts (AAP)

• Market cap: $1.85B
• 1 day: -1.62%
• 5 days: -7.13%
• 1 month: -7.74%
• 3 months: -31.74%
• 6 months: -23.83%
• Year to date: -35.85%
• 1 year: -59.18%
• 5 years: -75.48%
• 10 years: -78.78%
• Sector: Consumer Discretionary
• Industry: 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 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 disclosures by fund managers ($100M+ AUM)

36% more capital invested

Capital invested by funds: $2.51B [Q3] → $3.42B (+$909M) [Q4]

12.83% more ownership

Funds ownership: 108.77% [Q3] → 121.6% (+12.83%) [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

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

• Low target: $34 10% upside
• Avg. target: $41 34% upside
• High target: $55 78% upside

6 analyst ratings

• positive: 1 17%
• neutral: 5 83%
• negative: 0 0%

Evercore ISI Group Greg Melich 82% 1-year accuracy 41 / 50 met price target	13% upside $35	In-Line Maintained	11 Mar 2025
Wedbush Seth Basham 51% 1-year accuracy 61 / 119 met price target	78% upside $55	Outperform Reiterated	3 Mar 2025
Citigroup Steven Zaccone 33% 1-year accuracy 5 / 15 met price target	30% upside $40	Neutral Maintained	27 Feb 2025
RBC Capital Steven Shemesh 60% 1-year accuracy 28 / 47 met price target	42% upside $44	Sector Perform Maintained	27 Feb 2025
BMO Capital Tristan Thomas-Martin 58% 1-year accuracy 7 / 12 met price target	30% upside $40	Market Perform Maintained	27 Feb 2025