Advance Auto Parts Inc. (AAP) Decline -3.13% in Day Trading, Closes at $111.62

The price of Advance Auto Parts Inc. (NYSE: AAP) closed at $111.62 in the last session, down -3.13% from day before closing price of $115.23. In other words, the price has decreased by -$3.61 from its previous closing price. On the day, 1301008 shares were traded. AAP stock price reached its highest trading level at $114.57 during the session, while it also had its lowest trading level at $111.35.

Unlock the Hottest Top 10 Penny Stocks Today! Discover Now

Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.

Gain Access to Top 10 Penny Stocks Now!.



We take a closer look at AAP’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.20 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.44.

Upgrades & Downgrades

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AAP now has a Market Capitalization of 7.26B and an Enterprise Value of 10.64B. As of this moment, Advance’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.51, and their Forward P/E ratio for the next fiscal year is 9.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.62 while its Price-to-Book (P/B) ratio in mrq is 2.48. Its current Enterprise Value per Revenue stands at 0.95 whereas that against EBITDA is 10.82.

Stock Price History:

Over the past 52 weeks, AAP has reached a high of $212.25, while it has fallen to a 52-week low of $109.05. The 50-Day Moving Average of the stock is 121.32, while the 200-Day Moving Average is calculated to be 150.77.

Shares Statistics:

According to the various share statistics, AAP traded on average about 1.35M shares per day over the past 3-months and 1.03M shares per day over the past 10 days. A total of 59.44M shares are outstanding, with a floating share count of 58.78M. Insiders hold about 0.20% of the company’s shares, while institutions hold 97.16% stake in the company. Shares short for AAP as of Apr 27, 2023 were 2.16M with a Short Ratio of 2.13M, compared to 2.18M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.64% and a Short% of Float of 4.21%.

Dividends & Splits

The forward annual dividend rate for AAP is 6.00, which was 6.00 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 5.21%, it implies a Forward Annual Dividend Yield of 5.02%. The stock’s 5-year Average Dividend Yield is 1.14. The current Payout Ratio is 54.10% for AAP, which recently paid a dividend on Apr 27, 2023 with an ex-dividend date of Apr 12, 2023. Stock splits for the company last occurred on Sep 25, 2005 when the company split stock in a 3:2 ratio.

Earnings Estimates

The company has 19 analysts who recommend its stock at the moment. On average, analysts expect EPS of $2.57 for the current quarter, with a high estimate of $3.06 and a low estimate of $2.09, while EPS last year was $3.57. The consensus estimate for the next quarter is $2.91, with high estimates of $3.3 and low estimates of $2.53.

Analysts are recommending an EPS of between $11.24 and $10 for the fiscal current year, implying an average EPS of $10.64. EPS for the following year is $11.51, with 22 analysts recommending between $13.21 and $10.25.

Revenue Estimates

According to 18 analysts, the current quarter’s revenue is expected to be $3.43B. It ranges from a high estimate of $3.47B to a low estimate of $3.37B. As of the current estimate, Advance Auto Parts Inc.’s year-ago sales were $3.37B, an estimated increase of 1.70% from the year-ago figure. For the next quarter, 18 analysts are estimating revenue of $2.73B, an increase of 2.40% over than the figure of $1.70% in the same quarter last year. There is a high estimate of $2.76B for the next quarter, whereas the lowest estimate is $2.65B.

A total of 24 analysts have provided revenue estimates for AAP’s current fiscal year. The highest revenue estimate was $11.53B, while the lowest revenue estimate was $11.27B, resulting in an average revenue estimate of $11.43B. In the same quarter a year ago, actual revenue was $11.15B, up 2.50% from the average estimate. Based on 24 analysts’ estimates, the company’s revenue will be $11.75B in the next fiscal year. The high estimate is $12.02B and the low estimate is $11.53B. The average revenue growth estimate for next year is up 2.80% from the average revenue estimate for this year.