Advance Auto Parts (AAP)

• Market cap: $1.96B
• 1 day: -1.77%
• 5 days: 0.12%
• 1 month: -16.55%
• 3 months: -34.28%
• 6 months: -8.98%
• Year to date: -32.03%
• 1 year: -55.17%
• 5 years: -72.94%
• 10 years: -77.12%
• 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 4% upside
• Avg. target: $41 26% upside
• High target: $55 68% upside

6 analyst ratings

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

Evercore ISI Group Greg Melich 80% 1-year accuracy 40 / 50 met price target	7% upside $35	In-Line Maintained	11 Mar 2025
Wedbush Seth Basham 50% 1-year accuracy 61 / 123 met price target	68% upside $55	Outperform Reiterated	3 Mar 2025
Citigroup Steven Zaccone 39% 1-year accuracy 7 / 18 met price target	22% upside $40	Neutral Maintained	27 Feb 2025
RBC Capital Steven Shemesh 57% 1-year accuracy 26 / 46 met price target	34% upside $44	Sector Perform Maintained	27 Feb 2025
BMO Capital Tristan Thomas-Martin 46% 1-year accuracy 6 / 13 met price target	22% upside $40	Market Perform Maintained	27 Feb 2025