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Advance Auto Parts (AAP) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

AAP Stock Forecast

Advance Auto Parts stock forecast is as follows: an average price target of $54.00 (represents a 24.08% upside from AAP’s last price of $43.52) and a rating consensus of 'Hold', based on 15 wall street analysts offering a 1-year stock forecast.

AAP Price Target

The average price target for Advance Auto Parts (AAP) is $54.00 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $85.00 to $38.00. This represents a potential 24.08% upside from AAP's last price of $43.52.

AAP Analyst Ratings

Hold

According to 15 Wall Street analysts, Advance Auto Parts's rating consensus is 'Hold'. The analyst rating breakdown for AAP stock is 0 'Strong Buy' (0.00%), 5 'Buy' (33.33%), 10 'Hold' (66.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Advance Auto Parts Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 15, 2024Scot CiccarelliTruist Financial$39.00$38.710.75%-10.39%
Sep 12, 2024David BellingerMizuho Securities$38.00$39.12-2.85%-12.68%
Aug 26, 2024David BellingerMizuho Securities$45.00$49.64-9.35%3.40%
Aug 23, 2024Christopher HorversJ.P. Morgan$43.00$49.15-12.51%-1.19%
Aug 23, 2024Bret JordanJefferies$85.00$49.6371.28%95.31%
Aug 22, 2024Laura ChampineWedbush$65.00$61.924.97%49.36%
Aug 22, 2024Christopher HorversJ.P. Morgan$55.00$61.92-11.18%26.38%
Jun 10, 2024David BellingerMizuho Securities$64.00$64.58-0.90%47.06%
May 30, 2024Chris McNallyEvercore ISI$72.00$65.3910.11%65.44%
May 30, 2024Scot CiccarelliTruist Financial$63.00$65.50-3.82%44.76%
May 30, 2024Steven ShemeshRBC Capital$65.00$62.484.03%49.36%
May 30, 2024Michael BakerD.A. Davidson$69.00$62.4810.44%58.55%
May 29, 2024Garrett NelsonCFRA$70.00$64.288.90%60.85%
Apr 02, 2024Scot CiccarelliTruist Financial$70.00$85.43-18.06%60.85%
Mar 21, 2023Seth BashamWedbush$145.00$120.4220.41%233.18%
Feb 13, 2023David BellingerRoth Capital$140.00$151.80-7.77%221.69%
Nov 17, 2022Citigroup$161.00$156.243.05%269.94%
Nov 17, 2022Truist Financial$147.00$156.24-5.91%237.78%
Aug 25, 2022Truist Financial$228.00$178.7827.53%423.90%
Aug 25, 2022Morgan Stanley$205.00$178.3614.94%371.05%
Aug 25, 2022Raymond James$220.00$179.9122.28%405.51%
Aug 24, 2022UBS$230.00$180.8527.18%428.49%
Aug 24, 2022Wedbush$200.00$180.8910.56%359.56%
Jun 29, 2022David BellingerMKM Partners$195.00$179.278.77%348.07%
May 25, 2022Simeon GutmanMorgan Stanley$225.00$185.1121.55%417.00%
May 25, 2022Stephens$215.00$180.2319.29%394.03%
May 25, 2022Truist Financial$238.00$180.2332.05%446.88%
May 25, 2022Guggenheim$259.00$180.2343.71%495.13%
May 25, 2022Raymond James$250.00$180.2338.71%474.45%
May 24, 2022Steven ShemeshRBC Capital$247.00$181.0236.45%467.56%
May 24, 2022Wells Fargo$200.00$183.249.15%359.56%
May 16, 2022Wells Fargo$230.00$211.218.90%428.49%
Dec 15, 2021Taylor ConradArgus Research$260.00$236.429.97%497.43%
Nov 17, 2021Daniel ImbroStephens$246.00$229.907.00%465.26%
Nov 17, 2021Elizabeth Lane SuzukiBank of America Securities$282.00$229.9022.66%547.98%
Nov 17, 2021Bobby GriffinRaymond James$275.00$229.9019.62%531.89%
Nov 16, 2021Seth BashamWedbush$270.00$233.0115.87%520.40%
Nov 16, 2021Lavesh HemnaniCredit Suisse$255.00$233.019.44%485.94%
May 10, 2021Kate McShaneGoldman Sachs$227.00$204.1711.18%421.60%
Apr 16, 2021Seth SigmanGuggenheim$215.00$188.8413.85%394.03%

The latest Advance Auto Parts stock forecast, released on Nov 15, 2024 by Scot Ciccarelli from Truist Financial, set a price target of $39.00, which represents a 0.75% increase from the stock price at the time of the forecast ($38.71), and a -10.39% decrease from AAP last price ($43.52).

Advance Auto Parts Price Target by Period

1M3M12M
# Anlaysts-114
Avg Price Target-$39.00$60.21
Last Closing Price$43.52$43.52$43.52
Upside/Downside-100.00%-10.39%38.35%

In the current month, the average price target of Advance Auto Parts stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Advance Auto Parts's last price of $43.52. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 15, 2024CitigroupNeutralNeutralHold
Oct 15, 2024Wells FargoEqual-WeightEqual-WeightHold
Oct 15, 2024WedbushHoldOutperformUpgrade
Sep 12, 2024WedbushHoldHoldHold
Aug 26, 2024WedbushSector PerformSector PerformHold
Aug 26, 2024UBSUnderperformUnderperformHold
Aug 23, 2024Cowen & Co.HoldHoldHold
Aug 23, 2024JefferiesBuyBuyHold
Aug 22, 2024WedbushNeutralNeutralHold
Aug 22, 2024UBSNeutralNeutralHold
May 30, 2024Evercore ISIPositivePositiveHold
May 30, 2024RBC CapitalSector PerformSector PerformHold
May 30, 2024CitigroupNeutralNeutralHold
May 29, 2024CFRAHoldHoldHold
May 24, 2024WedbushSector PerformSector PerformHold
Nov 16, 2023Bank of America SecuritiesUnderperformDowngrade
Nov 16, 2023Goldman SachsNeutralNeutralHold
Nov 16, 2023WedbushNeutralNeutralHold
Nov 16, 2023JefferiesUnderperformDowngrade
Nov 13, 2023Wells FargoEqual-WeightEqual-WeightHold
Aug 23, 2023UBSNeutralNeutralHold
Aug 23, 2023Goldman SachsNeutralNeutralHold
Aug 23, 2023Wells FargoEqual-WeightEqual-WeightHold
Jun 01, 2023Raymond JamesStrong BuyMarket PerformDowngrade
Jun 01, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Jun 01, 2023CitigroupNeutralNeutralHold
Jun 01, 2023BarclaysEqual-WeightEqual-WeightHold
Mar 21, 2023BarclaysEqual-WeightEqual-WeightHold
Mar 01, 2023CitigroupNeutralNeutralHold
Mar 01, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Mar 01, 2023Raymond JamesStrong BuyStrong BuyHold
Jan 12, 2023WedbushOutperformNeutralDowngrade
Nov 17, 2022CitigroupNeutralDowngrade
Nov 16, 2022WedbushOutperformOutperformHold
Aug 25, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Aug 25, 2022Raymond JamesStrong BuyStrong BuyHold
Aug 24, 2022UBSBuyBuyHold
Aug 24, 2022WedbushOutperformOutperformHold
Jun 29, 2022MKM PartnersBuyInitialise
May 25, 2022StephensEqual-WeightEqual-WeightHold
May 25, 2022GuggenheimBuyBuyHold
May 24, 2022Raymond JamesStrong BuyStrong BuyHold
May 24, 2022RBC CapitalSector PerformSector PerformHold
May 24, 2022Wells FargoOutperformOutperformHold
May 24, 2022Morgan StanleyEqual-WeightEqual-WeightHold
May 16, 2022Wells FargoEqual-WeightEqual-WeightHold
Jun 19, 2021RBC CapitalOutperformOutperformHold

Advance Auto Parts's last stock rating was published by Citigroup on Nov 15, 2024. The company gave AAP a "Neutral" rating, the same as its previous rate.

Advance Auto Parts Financial Forecast

Advance Auto Parts Revenue Forecast

Jan 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Jul 20Jul 19Jul 18Jul 17Apr 16Apr 15Jul 14
Revenue---------------$3.42B--$2.67B$3.37B--$2.65B$2.50B$2.33B$2.33B$2.26B--$2.35B
Avg Forecast$1.87B$2.03B$2.02B$2.58B$1.90B$2.04B$2.04B$2.67B$1.92B$2.15B$2.08B$2.62B$2.47B$2.68B$2.37B$2.58B$2.37B$2.58B$3.39B$2.48B$2.12B$2.30B$3.03B$5.13B$2.82B$2.70B$3.92B$3.09B$3.15B$2.85B
High Forecast$1.96B$2.13B$2.12B$2.71B$2.00B$2.14B$2.14B$2.77B$1.97B$2.25B$2.18B$2.65B$2.51B$2.81B$2.49B$2.71B$2.48B$2.58B$4.07B$2.48B$2.12B$2.30B$3.64B$6.15B$3.38B$3.24B$4.70B$3.70B$3.78B$3.42B
Low Forecast$1.79B$1.95B$1.94B$2.48B$1.83B$1.96B$1.96B$2.52B$1.88B$2.06B$2.00B$2.59B$2.45B$2.57B$2.28B$2.48B$2.27B$2.58B$2.71B$2.48B$2.12B$2.30B$2.43B$4.10B$2.26B$2.16B$3.14B$2.47B$2.52B$2.28B
# Analysts8551074411147871410712761355491510119111418
Surprise %---------------1.32%--0.79%1.36%--0.87%0.49%0.83%0.86%0.58%--0.82%

Advance Auto Parts's average Quarter revenue forecast for Jul 23 based on 7 analysts is $2.37B, with a low forecast of $2.28B, and a high forecast of $2.49B. AAP's average Quarter revenue forecast represents a -30.62% decrease compared to the company's last Quarter revenue of $3.42B (Apr 23).

Advance Auto Parts EBITDA Forecast

Jan 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Jul 20Jul 19Jul 18Jul 17Apr 16Apr 15Jul 14
# Analysts8551074411147871410712761355491510119111418
EBITDA---------------$181.88M--$264.08M$288.99M--$304.13M$322.60M$228.26M$226.88M$207.65M--$305.38M
Avg Forecast$153.32M$166.79M$166.10M$212.13M$156.25M$167.52M$167.61M$218.85M$157.62M$176.34M$170.72M$442.47M$202.77M$219.80M$194.66M$402.24M$182.59M$216.53M$283.15M$207.85M$177.95M$193.01M$306.00M$200.33M$262.69M$259.65M$307.62M$365.68M$356.35M$307.53M
High Forecast$160.71M$174.84M$174.12M$222.36M$163.79M$175.60M$175.69M$227.30M$161.72M$184.84M$178.95M$530.96M$206.06M$230.41M$204.05M$482.69M$219.11M$216.53M$339.78M$207.85M$177.95M$193.01M$367.21M$240.40M$315.22M$311.58M$369.15M$438.81M$427.62M$369.04M
Low Forecast$147.34M$160.29M$159.63M$203.86M$150.16M$160.99M$161.08M$207.02M$154.34M$169.47M$164.07M$353.97M$201.13M$211.24M$187.07M$321.80M$146.07M$216.53M$226.52M$207.85M$177.95M$193.01M$244.80M$160.27M$210.15M$207.72M$246.10M$292.54M$285.08M$246.03M
Surprise %---------------0.45%--0.93%1.39%--0.99%1.61%0.87%0.87%0.68%--0.99%

7 analysts predict AAP's average Quarter EBITDA for Jul 23 to be $194.66M, with a high of $204.05M and a low of $187.07M. This is 7.03% upper than Advance Auto Parts's previous annual EBITDA (Apr 23) of $181.88M.

Advance Auto Parts Net Income Forecast

Jan 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Jul 20Jul 19Jul 18Jul 17Apr 16Apr 15Jul 14
# Analysts8551074411147871410712761355491510119111418
Net Income---------------$42.65M--$144.40M$139.79M--$178.70M$189.96M$124.82M$117.84M$87.05M--$139.49M
Avg Forecast$9.40M$61.42M$61.35M$64.33M$647.12K$36.50M$37.84M$24.05M$-88.06M$92.09M$-51.64M$198.82M$14.38M$86.44M$117.77M$180.74M$85.28M$172.01M$140.57M$161.74M$80.71M$123.10M$170.23M$57.82M$135.83M$127.68M$136.37M$164.31M$153.49M$141.55M
High Forecast$9.99M$65.27M$65.20M$68.36M$687.70K$38.78M$40.21M$82.47M$-71.88M$97.87M$-49.02M$238.58M$29.95M$88.06M$125.15M$216.89M$102.33M$172.01M$168.68M$161.74M$80.71M$123.10M$204.28M$69.39M$163.00M$153.22M$163.64M$197.17M$184.18M$169.85M
Low Forecast$8.93M$58.30M$58.24M$61.07M$614.34K$34.65M$35.92M$-12.60M$-104.23M$87.43M$-54.88M$159.05M$4.19M$84.81M$111.80M$144.59M$68.22M$172.01M$112.46M$161.74M$80.71M$123.10M$136.19M$46.26M$108.66M$102.14M$109.09M$131.45M$122.79M$113.24M
Surprise %---------------0.24%--1.03%0.86%--1.05%3.29%0.92%0.92%0.64%--0.99%

Advance Auto Parts's average Quarter net income forecast for Jul 23 is $117.77M, with a range of $111.80M to $125.15M. AAP's average Quarter net income forecast represents a 176.12% increase compared to the company's last Quarter net income of $42.65M (Apr 23).

Advance Auto Parts SG&A Forecast

Jan 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Jul 20Jul 19Jul 18Jul 17Apr 16Apr 15Jul 14
# Analysts8551074411147871410712761355491510119111418
SG&A---------------$1.38B--$984.04M$1.30B--$944.32M$833.87M$838.67M$844.02M$846.38M--$821.43M
Avg Forecast$702.60M$764.35M$761.20M$972.12M$716.05M$767.70M$768.09M$1.00B$722.32M$808.10M$782.35M$1.35B$929.24M$1.01B$892.06M$1.23B$1.00B$971.23M$1.31B$932.28M$798.17M$865.72M$1.13B$1.45B$1.05B$1.00B$1.38B$1.12B$1.17B$1.05B
High Forecast$736.50M$801.22M$797.92M$1.02B$750.59M$804.73M$805.15M$1.04B$741.13M$847.08M$820.09M$1.62B$944.29M$1.06B$935.09M$1.47B$1.20B$971.23M$1.57B$932.28M$798.17M$865.72M$1.35B$1.74B$1.25B$1.20B$1.65B$1.34B$1.41B$1.26B
Low Forecast$675.23M$734.57M$731.54M$934.24M$688.15M$737.78M$738.17M$948.70M$707.27M$776.61M$751.86M$1.08B$921.71M$968.04M$857.30M$982.29M$801.63M$971.23M$1.05B$932.28M$798.17M$865.72M$902.98M$1.16B$836.27M$802.53M$1.10B$892.99M$937.96M$841.28M
Surprise %---------------1.12%--0.75%1.40%--0.84%0.57%0.80%0.84%0.61%--0.78%

Advance Auto Parts's average Quarter SG&A projection for Jul 23 is $892.06M, based on 7 Wall Street analysts, with a range of $857.30M to $935.09M. The forecast indicates a -35.39% fall compared to AAP last annual SG&A of $1.38B (Apr 23).

Advance Auto Parts EPS Forecast

Jan 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Jul 20Jul 19Jul 18Jul 17Apr 16Apr 15Jul 14
# Analysts8551074411147871410712761355491510119111418
EPS---------------$0.72--$2.39$2.28--$2.76$2.75$1.74$1.59$1.18--$1.91
Avg Forecast$0.16$1.03$1.02$1.07$0.01$0.61$0.63$0.40$-1.47$1.54$-0.86$0.49$0.24$1.44$1.97$2.87$1.99$2.87$1.15$2.70$1.35$2.05$1.01$2.30$2.24$1.84$2.74$2.69$2.57$2.07
High Forecast$0.17$1.09$1.09$1.14$0.01$0.65$0.67$1.38$-1.20$1.63$-0.82$0.52$0.50$1.47$2.09$3.05$2.00$2.87$1.15$2.70$1.35$2.05$1.01$2.75$2.69$2.21$3.29$3.23$3.08$2.48
Low Forecast$0.15$0.97$0.97$1.02$0.01$0.58$0.60$-0.21$-1.74$1.46$-0.92$0.47$0.07$1.42$1.87$2.73$1.97$2.87$1.15$2.70$1.35$2.05$1.01$1.84$1.79$1.47$2.19$2.15$2.06$1.66
Surprise %---------------0.25%--2.07%0.84%--2.73%1.20%0.78%0.86%0.43%--0.92%

According to 7 Wall Street analysts, Advance Auto Parts's projected average Quarter EPS for Jul 23 is $1.97, with a low estimate of $1.87 and a high estimate of $2.09. This represents a 173.05% increase compared to AAP previous annual EPS of $0.72 (Apr 23).

Advance Auto Parts Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
AAPAdvance Auto Parts$44.46$54.0021.46%Hold
BBYBest Buy$87.48$99.8914.19%Buy
TSCOTractor Supply Company$275.21$305.7811.11%Buy
DKSDICK'S Sporting Goods$225.97$245.298.55%Buy
GPCGenuine Parts Company$118.49$125.005.49%Hold
AZOAutoZone$3.32K$3.40K2.47%Buy
ULTAUlta Beauty$423.57$427.500.93%Hold
ORLYO'Reilly Automotive$1.25K$1.24K-0.17%Buy
FIVEFive Below$105.05$101.73-3.16%Buy
RHRH$411.72$319.00-22.52%Buy
WSMWilliams-Sonoma$198.21$147.00-25.84%Hold

AAP Forecast FAQ

Is Advance Auto Parts a good buy?

No, according to 15 Wall Street analysts, Advance Auto Parts (AAP) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 33.33% of AAP's total ratings.

What is AAP's price target?

Advance Auto Parts (AAP) average price target is $54 with a range of $38 to $85, implying a 24.08% from its last price of $43.52. The data is based on 15 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Advance Auto Parts stock go up soon?

According to Wall Street analysts' prediction for AAP stock, the company can go up by 24.08% (from the last price of $43.52 to the average price target of $54), up by 95.31% based on the highest stock price target, and down by -12.68% based on the lowest stock price target.

Can Advance Auto Parts stock reach $70?

AAP's highest twelve months analyst stock price target of $85 supports the claim that Advance Auto Parts can reach $70 in the near future.

Did the AAP's actual financial results beat the analysts' financial forecasts?

In terms of the last quarterly report (Apr 2023), Advance Auto Parts's revenue was $3.42B, beating the average analysts' forecast of $2.58B by 32.38%. The company's EBITDA was $181.88M, missing the average prediction of $402.24M by -54.78%. Advance Auto Parts's net income was $42.65M, missing the average estimation of $180.74M by -76.40%. The company's SG&A was $1.38B, beating the average forecast of $1.23B by 12.44%. Lastly, the company's EPS was $0.72, missing the average prediction of $2.87 by -74.92%