Advance Auto Parts
AAP
Market cap $2.31B

38.69 USD

-0.20

0.51%

At close Oct 4, 4:00 PM EDT

After hours

38.65

-0.04

0.1%

1 day

-0.51%

5 days

-5.63%

1 month

-2.69%

3 months

-34.76%

6 months

-50.48%

Year to date

-37.55%

1 year

-25.58%

5 years

-75.55%

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

Consumer Discretionary Auto & Home Supply Stores

Funds holding %

of 6,728 funds

Analysts bullish %

of 11 analysts

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

7% less first-time investments, than exits

New positions opened: 63 | Existing positions closed: 68

1% less funds holding

Funds holding: 402 [Q1] → 397 (-5) [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]

See Fund Rankings

Research analyst outlook

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

Low target

$38

downside

Avg. target

$52

34%

upside

High target

$68

76%

upside

11 analyst ratings

0 positive

11 neutral

100%

0 negative

Wells Fargo Zachary Fadem 91% 1-year accuracy 20 / 22 met price target	3%upside $40	Equal-Weight Maintained	13 Sept 2024
Mizuho David Bellinger 47% 1-year accuracy 7 / 15 met price target	2%downside $38	Neutral Maintained	12 Sept 2024
Mizuho David Bellinger 47% 1-year accuracy 7 / 15 met price target	16%upside $45	Neutral Maintained	26 Aug 2024
JP Morgan Christopher Horvers 64% 1-year accuracy 18 / 28 met price target	11%upside $43	Neutral Maintained	23 Aug 2024
Truist Securities Scott Ciccarelli 0 / 0 met price target	19%upside $46	Hold Maintained	23 Aug 2024