Advance Auto Parts Stock Today

AAP Stock  USD 84.19  2.42  2.96%   

Performance

20 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 5

 
100  
 
Zero
Very Low
Advance Auto is selling at 84.19 as of the 19th of March 2024; that is 2.96 percent up since the beginning of the trading day. The stock's last reported lowest price was 81.0. Advance Auto has under 5 % chance of experiencing financial distress over the next 2 years and had a solid performance during the last 90 days. Equity ratings for Advance Auto Parts are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of January 2024 and ending today, the 19th of March 2024. Click here to learn more.
Business Domain
Consumer Discretionary Distribution & Retail
IPO Date
29th of November 2001
Category
Consumer Cyclical
Classification
Consumer Discretionary
Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company was founded in 1929 and is based in Raleigh, North Carolina. The company has 59.55 M outstanding shares of which 5.81 M shares are presently shorted by investors with about 3.17 days to cover. More on Advance Auto Parts

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Advance Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Advance Auto's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Advance Auto or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Advance Auto's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Advance Auto's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEOThomas Greco
Thematic Ideas
(View all Themes)
Old Names[Alpha Peak Leisure Inc, MOKO SOCIAL, MOKO SOCIAL (AAP.SG), MOKO SOCIAL - Frankfurt Stock Exchang]
Business ConcentrationAutomotive Retail, Consumer Discretionary Distribution & Retail, Consumer Discretionary, NYSE Composite, SP Small-Cap 600, Retail, Macroaxis Index, Consumer Discretionary, Specialty Retail, Specialty Retail, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Analysts covering Advance Auto report their recommendations after researching Advance Auto's financial statements, talking to executives and customers, or listening in on Advance Auto's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Advance Auto Parts. The Advance consensus assessment is calculated by taking the average forecast from all of the analysts covering Advance Auto.
Financial Strength
Based on the analysis of Advance Auto's profitability, liquidity, and operating efficiency, Advance Auto Parts may be sliding down financialy. It has an above-average risk of going through some form of financial straits next quarter. Financial strength of Advance Auto Parts is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.04410.0348
Significantly Up
Slightly volatile
Asset Turnover1.51.07
Significantly Up
Pretty Stable
Gross Profit Margin0.360.4
Moderately Down
Slightly volatile
Total Current Liabilities2.9 B5.3 B
Way Down
Slightly volatile
Non Current Liabilities Total5.4 B5.2 B
Sufficiently Up
Slightly volatile
Total Assets13.7 B13 B
Sufficiently Up
Slightly volatile
Total Current Assets3.6 B6.4 B
Way Down
Slightly volatile
Total Cash From Operating Activities564.2 M287.4 M
Way Up
Pretty Stable
Advance Auto's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Advance Auto's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Advance Auto's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Advance Auto's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Advance Auto's financial leverage. It provides some insight into what part of Advance Auto's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Advance Auto's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Advance Auto deploys its capital and how much of that capital is borrowed.
Liquidity
Advance Auto cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 4.45 B in debt with debt to equity (D/E) ratio of 1.5, which is OK given its current industry classification. Advance Auto Parts has a current ratio of 1.11, demonstrating that it is in a questionable position to pay out its financial commitments when the payables are due. Debt can assist Advance Auto until it has trouble settling it off, either with new capital or with free cash flow. So, Advance Auto's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Advance Auto Parts sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Advance to invest in growth at high rates of return. When we think about Advance Auto's use of debt, we should always consider it together with cash and equity.

Total Cash From Financing Activities

198.73 Million
Advance Auto Parts (AAP) is traded on New York Stock Exchange in USA. It is located in 4200 Six Forks Road, Raleigh, NC, United States, 27609 and employs 40,000 people. Advance Auto is listed under Automotive Retail category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 4.87 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Advance Auto's market, we take the total number of its shares issued and multiply it by Advance Auto's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Advance Auto Parts runs under Specialty Retail sector within Consumer Discretionary industry. The entity has 59.55 M outstanding shares of which 5.81 M shares are presently shorted by investors with about 3.17 days to cover. Advance Auto Parts has about 269.28 M in cash with 287.38 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.25.
Check Advance Auto Probability Of Bankruptcy
Ownership Allocation
Advance Auto Parts retains a total of 59.55 Million outstanding shares. The majority of Advance Auto Parts outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Advance Auto Parts to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Advance Auto. Please pay attention to any change in the institutional holdings of Advance Auto Parts as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Advance Ownership Details

Advance Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Advance Auto jumping above the current price in 90 days from now is near 1%. The Advance Auto Parts probability density function shows the probability of Advance Auto stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.7774. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Advance Auto will likely underperform. Additionally, the company has an alpha of 0.3991, implying that it can generate a 0.4 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 84.19HorizonTargetOdds Above 84.19
99.93%90 days
 84.19 
0.07%
Based on a normal probability distribution, the odds of Advance Auto to move above the current price in 90 days from now is near 1 (This Advance Auto Parts probability density function shows the probability of Advance Stock to fall within a particular range of prices over 90 days) .

Advance Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Advance Auto that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Advance Auto's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Advance Auto's value.
InstituionRecorded OnShares
Two Sigma Investments Llc2023-12-31
1.1 M
Two Sigma Advisers, Llc2023-12-31
1.1 M
Jacobs Levy Equity Management, Inc.2023-09-30
931.1 K
Capital World Investors2023-12-31
918.3 K
Geode Capital Management, Llc2023-12-31
888.7 K
Federated Hermes Inc2023-12-31
842.2 K
Ubs Group Ag2023-12-31
811.7 K
Legion Partners Asset Management, Llc2023-12-31
773 K
Marshall Wace Asset Management Ltd2023-12-31
708.3 K
Blackrock Inc2023-12-31
7.7 M
Vanguard Group Inc2023-12-31
6.8 M
View Advance Auto Diagnostics

Advance Auto Historical Income Statement

Advance Auto Parts Income Statement is one of the three primary financial statements used for reporting Advance's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Advance Auto Parts revenue and expense. Advance Auto Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Advance Auto's Interest Expense is relatively stable compared to the past year. As of 03/19/2024, EBITDA is likely to grow to about 733.5 M, while Total Revenue is likely to drop slightly above 7.2 B. View More Fundamentals

Advance Stock Against Markets

Picking the right benchmark for Advance Auto stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Advance Auto stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Advance Auto is critical whether you are bullish or bearish towards Advance Auto Parts at a given time. Please also check how Advance Auto's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Advance Auto without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Advance Auto Corporate Directors

Advance Auto corporate directors refer to members of an Advance Auto board of directors. The board of directors generally takes responsibility for the Advance Auto's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Advance Auto's board members must vote for the resolution. The Advance Auto board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Arthur ValdezIndependent DirectorProfile
Joan HilsonIndependent DirectorProfile
John BergstromIndependent DirectorProfile
Julian RainesIndependent DirectorProfile

How to buy Advance Stock?

Before investing in Advance Auto, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Advance Auto. To buy Advance Auto stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Advance Auto. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Advance Auto stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Advance Auto Parts stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Advance Auto Parts stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Advance Auto Parts, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Advance Stock please use our How to Invest in Advance Auto guide.

Already Invested in Advance Auto Parts?

The danger of trading Advance Auto Parts is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Advance Auto is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Advance Auto. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Advance Auto Parts is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Advance Auto Parts is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Advance Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Advance Auto Parts Stock. Highlighted below are key reports to facilitate an investment decision about Advance Auto Parts Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advance Auto Parts. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Advance Auto Parts information on this page should be used as a complementary analysis to other Advance Auto's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.

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When running Advance Auto's price analysis, check to measure Advance Auto's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Advance Auto is operating at the current time. Most of Advance Auto's value examination focuses on studying past and present price action to predict the probability of Advance Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advance Auto's price. Additionally, you may evaluate how the addition of Advance Auto to your portfolios can decrease your overall portfolio volatility.
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Is Advance Auto's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Advance Auto. If investors know Advance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Advance Auto listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.40)
Dividend Share
2.25
Earnings Share
0.5
Revenue Per Share
189.925
Quarterly Revenue Growth
(0)
The market value of Advance Auto Parts is measured differently than its book value, which is the value of Advance that is recorded on the company's balance sheet. Investors also form their own opinion of Advance Auto's value that differs from its market value or its book value, called intrinsic value, which is Advance Auto's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Advance Auto's market value can be influenced by many factors that don't directly affect Advance Auto's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Advance Auto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advance Auto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advance Auto's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.