August 7, 2022


Automotive the only

Growth Outlook And Performance Review – Marketing Sentinel

Growth Outlook And Performance Review – Marketing Sentinel


In the last trading session, 0.78 million Advance Auto Parts Inc. (NYSE:AAP) shares changed hands as the company’s beta touched 1.21. With the company’s per share price at $173.64 changed hands at $0.55 or 0.32% during last session, the market valuation stood at $10.50B. AAP’s last price was a discount, traded about -40.84% off its 52-week high of $244.55. The share price had its 52-week low at $164.00, which suggests the last value was 5.55% up since then. When we look at Advance Auto Parts Inc.’s average trading volume, we note the 10-day average is 0.85 million shares, with the 3-month average coming to 853.32K.

Analysts gave the Advance Auto Parts Inc. (AAP) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 1 out of 26 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 9 recommended AAP as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight. Advance Auto Parts Inc.’s EPS for the current quarter is expected to be $3.55.

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Instantly AAP was in green as seen at the end of in last trading. With action -5.17%, the performance over the past five days has been red. The jump to weekly highs of 186.23 on Friday, 07/01/22 added 0.32% to the stock’s daily price. The company’s shares are showing year-to-date downside of -27.61%, with the 5-day performance at -5.17% in the red. However, in the 30-day time frame, Advance Auto Parts Inc. (NYSE:AAP) is -7.47% down. Looking at the short shares, we see there were 3.71 million shares sold at short interest cover period of 4.89 days.

The consensus price target for the stock as assigned by Wall Street analysts is $222.47, meaning bulls need an upside of 21.95% from its current market value. According to analyst projections, AAP’s forecast low is $142.00 with $259.00 as the target high. To hit the forecast high, the stock’s price needs a -49.16% plunge from its current level, while the stock would need to tank 18.22% for it to hit the projected low.

Advance Auto Parts Inc. (AAP) estimates and forecasts

Data shows that the Advance Auto Parts Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -26.89% over the past 6 months, a 13.89% in annual growth rate that is considerably higher than the industry average of 11.80%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2022 revenue estimates. The rating firms predict current quarter revenue for Advance Auto Parts Inc. will rise 6.30%, while the growth in revenue is estimated to hit 13.20% for the next quarter. Year-over-year growth is forecast to reach 3.60% up from the last financial year.

Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of $3.38 billion. 18 analysts are of the opinion that Advance Auto Parts Inc.’s revenue for the quarter ending Jun 2022 will be $2.76 billion. The company’s revenue for the corresponding quarters a year ago was $3.33 billion and $2.64 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1.40%. The estimates for the next quarter sales put growth at 4.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 9.00%. The 2022 estimates are for Advance Auto Parts Inc. earnings to increase by 33.70%, but the outlook for the next 5-year period is at 15.15% per year.

AAP Dividends

Advance Auto Parts Inc. is expected to release its next quarterly earnings report between February 14 and February 18. The 3.46% annual yield figure for the share gives it an annual dividend of 6.00. It is important to note, however, that the 3.46% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Advance Auto Parts Inc. (NYSE:AAP)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.45% of Advance Auto Parts Inc. shares while 103.78% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 104.25%. There are 103.78% institutions holding the Advance Auto Parts Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Dec 30, 2021, the company held 10.98% of the shares, roughly 6.71 million AAP shares worth $1.61 billion.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 7.17% or 4.38 million shares worth $905.92 million as of Mar 30, 2022.

Among Mutual Funds, the top two as of Dec 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. With 1.77 million shares estimated at $425.09 million under it, the former controlled 2.90% of total outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held about 2.31% of the shares, roughly 1.41 million shares worth around $338.24 million.


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