Closing Strong: Advance Auto Parts Inc (AAP) Ends at 63.42, Down -0.80 from Last Close

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After finishing at $63.93 in the prior trading day, Advance Auto Parts Inc (NYSE: AAP) closed at $63.42, down -0.80%. In other words, the price has decreased by -$0.80 from its previous closing price. On the day, 1.81 million shares were traded. AAP stock price reached its highest trading level at $63.62 during the session, while it also had its lowest trading level at $60.8.


Our goal is to gain a better understanding of AAP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.09. For the most recent quarter (mrq), Quick Ratio is recorded 0.29 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 1.55 whereas as Long-Term Debt/Eq ratio is at 1.55.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on March 19, 2024, initiated with a Neutral rating and assigned the stock a target price of $78.

BofA Securities Downgraded its Neutral to Underperform on November 16, 2023, whereas the target price for the stock was revised from $60 to $43.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 03 ’24 when Soler Kristen L bought 450 shares for $67.00 per share. The transaction valued at 30,150 led to the insider holds 15,690 shares of the business.

Windom Brent bought 4,700 shares of AAP for $401,098 on Mar 27 ’24. The Director now owns 10,000 shares after completing the transaction at $85.34 per share. On Mar 21 ’24, another insider, Word Herman L Jr, who serves as the EVP, U.S. Stores & CQ Ind. of the company, sold 1,858 shares for $86.08 each. As a result, the insider received 159,937 and left with 10,448 shares of the company.

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 3781246208 and an Enterprise Value of 7794022400. As of this moment, Advance’s Price-to-Earnings (P/E) ratio for their current fiscal year is 91.55, and their Forward P/E ratio for the next fiscal year is 14.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 1.47. Its current Enterprise Value per Revenue stands at 0.691 whereas that against EBITDA is 18.96.

Stock Price History:

Over the past 52 weeks, AAP has reached a high of $88.56, while it has fallen to a 52-week low of $47.73. The 50-Day Moving Average of the stock is -12.32%, while the 200-Day Moving Average is calculated to be -1.93%.

Shares Statistics:

The stock has traded on average 1.70M shares per day over the past 3-months and 1410300 shares per day over the last 10 days, according to various share statistics. A total of 59.51M shares are outstanding, with a floating share count of 58.96M. Insiders hold about 1.11% of the company’s shares, while institutions hold 104.94% stake in the company. Shares short for AAP as of 1715731200 were 4632426 with a Short Ratio of 3.46, compared to 1713139200 on 4783202. Therefore, it implies a Short% of Shares Outstanding of 4632426 and a Short% of Float of 10.31.

Dividends & Splits

In the trailing 12 months, AAP’s forward annual dividend rate was 1.0, compared to 1.00 this year. Against a Trailing Annual Dividend Yield of 0.015642108The stock’s 5-year Average Dividend Yield is 2.27.

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