This is What Makes Advance Auto Parts Inc. Stocks A Gamechanger?

Currently, Advance Auto Parts Inc. [AAP] is trading at $152.19, down -0.71%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AAP shares have lost -0.63% over the last week, with a monthly amount glided 4.29%, and seem to be holding up well over a long-time horizon.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…

Sponsored

On 14, December 2022, Advance Auto Parts Announces Supply Chain Leadership Changes. In a post published today on Yahoo Finance, Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider, today announced that Reuben E. Slone, executive vice president, supply chain, will retire from the company and be succeeded by Stephen J. Szilagyi. Mr. Szilagyi comes to Advance from MSC Industrial Supply, Inc., where he served as senior vice president, customer solutions from 2018 to 2021 and senior vice president, supply chain from 2017 to 2018. Prior to that, Mr. Szilagyi spent 15 years with Lowe’s Companies, Inc., in a variety of roles of increasing responsibility, including chief supply chain officer from 2013 to 2016. At both MSC and Lowe’s, Mr. Szilagyi’s leadership helped drive significant improvements in sales growth, safety, quality, service and productivity. Mr. Szilagyi will begin as Advance’s executive vice president, chief supply chain officer, and join Advance’s Leadership Team on January 9, 2023.

From an analyst’s perspective:

Advance Auto Parts Inc. [NYSE: AAP] stock has seen the most recent analyst activity on January 12, 2023, when Wedbush downgraded its rating to a Neutral but kept the price target unchanged to $145 for it. Previously, Truist downgraded its rating to Hold on November 17, 2022, and dropped its price target to $147. On November 17, 2022, downgrade downgraded it’s rating to Neutral. Citigroup downgraded its rating to a Neutral and decreased its price target to $161 on November 17, 2022. UBS downgraded its rating to a Neutral and reduced its price target to $182 on November 16, 2022. Evercore ISI downgraded its rating to In-line for this stock on October 19, 2022, and downed its price target to $180. In a note dated June 23, 2022, MKM Partners initiated an Buy rating and iterated a target price of $195 on this stock.

This stock has fluctuated between a low of $138.52 and a high of $244.20 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $166.22 within the next 12 months. Advance Auto Parts Inc. [NYSE: AAP] shares were valued at $152.19 at the most recent close of the market. An investor can expect a potential return of 9.22% based on the average AAP price forecast.

Analyzing the AAP fundamentals

Recent quarter sales for Advance Auto Parts Inc. [NYSE:AAP] were 2.64 billion which represents 0.80% growth. Gross Margin for this corporation currently stands at +44.59% with Operating Margin at +8.21%, Pretax Margin comes in at +7.33%, and Net Margin reading is +5.60%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 149.61 points at the first support level, and at 147.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 154.05, and for the 2nd resistance point, it is at 155.92.

Advance Auto Parts Inc. [AAP] reported earnings per share of $3.74 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.76/share, meaning a difference of -$0.02 and a surprise factor of -0.50%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $3.57 per share as compared to estimates of $3.59 per share, a difference of -$0.02 representing a surprise of -0.60%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Advance Auto Parts Inc. [NYSE:AAP] is 1.10. In addition, the Quick Ratio stands at 0.31 and the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 1.41, the price to book ratio is 4.75 and the P/E (TTM) ratio is 19.58.

Transactions by insiders

In the past 3 months, 1 insiders have purchased 3,373 shares, and 0 have sold 0 shares.