Advance Auto Parts, Inc. Aktie (982516) - Kurs Nyse - MarketScreener (2024)

FAQs

Who owns Advance Auto Parts? ›

Advance Auto Parts shares are mainly held by institutional investors such as The Vanguard Group, BlackRock, State Street Corporation, and others.

Based on analyst ratings, Advance Auto Parts Inc's 12-month average price target is $67.33. Currently there's no upside potential for AAP, based on the analysts' average price target. Advance Auto Parts Inc has a consensus rating of Hold which is based on 0 buy ratings, 9 hold ratings and 1 sell ratings.

Advance Auto Parts stock (symbol: AAP) underwent a total of 2 stock splits. The most recent stock split occured on September 26th, 2005.

Advance Auto Parts Statistics

AAP has a market cap or net worth of $4.29 billion. The enterprise value is $7.83 billion.

The lawsuit, filed in Roanoke's federal court in 2021, asserts that Advance officials failed to adequately review the investment portfolio of the company's 401(k) plan to ensure best performance, and subjected participants to unreasonably high fees.

AutoZone has 5,384 North American company-owned stores, including 402 company-owned stores in Mexico.

However, Advance Auto Parts stock experienced a massive drop after reporting financial results for its fiscal first quarter of 2023. The company's revenue came up short of expectations, profitability plunged, and management lowered its guidance as well as substantially reduced its dividend.

Fourth quarter 2023 Net sales totaled $2.5 billion, a 0.4% decrease compared with the prior year. Comparable store sales for the fourth quarter 2023 decreased 1.4%. For full year 2023, Net sales of $11.3 billion increased 1.2% from 2022. Comparable store sales for the full year decreased 0.3%.

Advance Auto also recorded a net loss of $35 million, or 59 cents per share, and Ebitda of $29 million. All three figures were down from a year ago. As for the full year, the company recorded a 1.20% increase in revenue from 2022 to $11.30 billion, though same-store sales declined 0.30%.

Did Advance Auto Parts buyout Pepboys? ›

RALEIGH, N.C. — Advance Auto Parts Inc. has struck a deal with Icahn Automotive Group L.L.C. to lease the retail space of 109 Pep Boys stores in California and convert them to Advance Auto Parts stores over the next nine to 12 months. The leasing opportunity does not include Pep Boys Service Centers, Advance Auto said.

Conclusion: Navigating the Value Trap

While Advance Auto Parts' current undervaluation may seem attractive, investors must consider the hidden risks associated with the company's financial health. Its low Altman Z-Score suggests a high risk of financial distress, making it a potential value trap.

Advance acquired Worldpac and Carquest in 2014 through its acquisition of General Parts International Inc. At the time, Advance boasted that the transaction created the largest provider of aftermarket parts in North America.

S&P Global lowered Advance Auto's rating by one notch to BB-plus, which is considered noninvestment grade, from BBB-minus on Tuesday.

Advance Auto Parts, Raleigh's sole Fortune 500 company, is working with an NFL star for Super Bowl LVIII. The Raleigh-based company has hired Tampa Bay quarterback Baker Mayfield to promote its giveaway of DieHard car batteries.

Institutional Ownership and Shareholders

These institutions hold a total of 69,989,734 shares. Largest shareholders include BlackRock Inc., Vanguard Group Inc, Price T Rowe Associates Inc /md/, IJR - iShares Core S&P Small-Cap ETF, State Street Corp, Fmr Llc, D. E. Shaw & Co., Inc., TRMCX - T.

Almost purchased by several suitors, Pep Boys was finally acquired in 2016 by Icahn Enterprises as part of its automotive group.

The ownership structure of O'Reilly Auto (ORLY) stock is a mix of institutional, retail and individual investors. Approximately 66.28% of the company's stock is owned by Institutional Investors, 2.21% is owned by Insiders and 31.51% is owned by Public Companies and Individual Investors.