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How to Buy Advance Auto Parts Stock

Advance Auto Parts Inc

Advance Auto Parts is a retail company located in North Carolina, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker AAP on the NYSE exchange.

Advance Auto Parts stock last closed at $65.30, down 0.7% from the previous day, and has decreased 2.96% in one year. It has underperformed other stocks in the Specialty Retail industry by 0.16 percentage points. Advance Auto Parts stock is currently +36.81% from its 52-week low of $47.73, and -26.26% from its 52-week high of $88.56.

There are currently 59.62M AAP shares outstanding. The market cap of AAP is $3.89B. In the past 24 hours, 1.45M AAP shares were traded.

How to Buy Advance Auto Parts Stock

Not sure how to invest in Advance Auto Parts stock? Here's how.
  1. Figure out where to buy Advance Auto Parts stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Advance Auto Parts stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit money your brokerage account: Pick your method of payment and add your details.
  4. Evaluate Advance Auto Parts stock: The Advance Auto Parts ticker symbol is AAP. Is Advance Auto Parts stock a good investment? Should you buy shares of AAP? How do AAP's underlying business fundamentals look? Do top analysts think Advance Auto Parts is a good buy? Why has AAP's stock price moved recently? (Hint: Our stock market analysis website can help you decide if AAP is a good stock to buy).
  5. Place your AAP trade: Decide if you will purchase AAP shares at the current market price or use a limit order to purchase AAP stock at a given price.
  6. Get the latest news on your AAP investment: Create a watchlist to track your position in Advance Auto Parts stock.

Step 1: Figure out where to buy Advance Auto Parts stock

You will need an online brokerage account to access the NYSE market and buy AAP stock.

A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've selected the right brokerage, the next step is to fill out some personal information so you can buy AAP today.

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  1. Send your data by hitting the "Create Account" button.
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Step 3: Deposit money your brokerage account

Now that you have created your account on the best stock app, you can securely and quickly fund your account:

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Step 4: Evaluate Advance Auto Parts stock

After you have identified the best place to buy Advance Auto Parts stock, it's very important to evaluate their stock prior to buying, so you truly comprehend the risk as well as the upside.

Overview of key AAP info

AAP Price
$65.30
1w %
1.76%
1y %
-2.96%
5y %
-57.13%
P/E
241.85x
P/B
1.52x
P/S
0.34x
PEG
0.88x
Revenue
$11.28B
Earnings
$16.23M
Fore. Rev. Growth
1.22%
Fore. Earn. Growth
303.74%
Market Cap
$3.89B
Next Earnings
Aug 21, 2024
Next Dividend
Jul 26, 2024

Advance Auto Parts Zen Score

WallStreetZen was created to help everyday investors do more accurate fundamental analysis in less time.

You can see all of the due diligence checks on AAP's stock page.

Is AAP stock undervalued or overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge AAP's fair value.

Using relative valuations metrics:

  • AAP could be overvalued based on its P/E ratio of 241.85x, relative to Specialty Retail industry P/E ratio of 31.79x
  • AAP could be undervalued based on its P/B ratio of 1.52x, relative to Specialty Retail industry P/B ratio of 11x
  • AAP could be undervalued based on its PEG ratio of 0.88x

You can access additional valuation research on AAP's stock here.

AAP Financial Health Overview

Passed Financial Due Diligence Checks:

  • There are more short-term assets than short-term liabilities on the AAP balance sheet.
  • There are more short-term assets than long-term liabilities on the AAP balance sheet.

Failed Financial Due Diligence Checks:

  • AAP profit margin has gone down from 3.4% to 0.1% in the past year.
  • AAP's operating cash flow of $668.93M allows it to safely service it's debt of $3.98B.
  • AAP earnings of $100.89M is not sufficient to cover its interest payments.
  • AAP has a relatively high debt to equity ratio of 3.76.
  • Total AAP debt is higher than 5 years ago, relative to shareholder equity.

Is AAP stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 9 Wall Street analysts who give ratings on AAP, the consensus analyst rating on Advance Auto Parts is a Hold

It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.

Most Recent AAP Analyst Recommendations

Scot Ciccarelli, a top 4% analyst from Truist Securities maintains AAP with a hold rating and lowers their AAP price target from $70.00 to $63.00, on May 30, 2024.

Seth Basham, a top 14% analyst from Wedbush maintains AAP with a hold rating and lowers their AAP price target from $70.00 to $65.00, on May 29, 2024.

Christopher Horvers, a top 9% analyst from JP Morgan maintains AAP with a hold rating and raises their AAP price target from $55.00 to $68.00, on Feb 29, 2024.

Seth Sigman, a bottom 1% analyst from Barclays maintains AAP with a hold rating and raises their AAP price target from $56.00 to $66.00, on Feb 29, 2024.

You can dig deeper into what analysts are saying on the Advance Auto Parts stock forecast page.

Metrics for Advanced AAP Traders

SMA10
64.49
SMA20
65.59
SMA50
70.81
SMA100
72.06
SMA200
64.58
MACD
-1.83
MACD Signal
-2.26
MACD Histogram
0.43
RSI
43.69
Stochastic %K
57.44
Stochastic %D
47.33
StochRSI %K
88.55
StochRSI %D
77.95

AAP Performance Metrics

Last year, AAP earnings were $16.23M. During the past five year, AAP's earnings have increased by -46.02% per year. This was slower than the Specialty Retail industry average of 18.27%.

Last year, AAP revenue was $11.28B. Over the last 5 year, AAP's revenue has gone up by 3.15% per year. This was slower than the Specialty Retail industry average of 10.54%.

Learn more about AAP's earnings and revenue performance here.

Latest Insiders Trades at AAP

In the last 12 months, executives and large shareholders at AAP have bought more shares than they have sold.

Kristen L. Soler, EVP Chief HR Officer of AAP, was the latest AAP insider to sell. They sold $32,789.65 worth of AAP stock on Jun 12, 2024.

Learn more about who owns AAP stock here.

Does AAP stock generate passive income?

Advance Auto Parts pays a dividend of 1.53%, compared to the Specialty Retail industry's average dividend yield of 2.67%. If you owned $1,000 worth of AAP stock, you would have received $15.31 in the past year.

Advance Auto Parts dividend payments have consistently grown over the past decade but have not remained stable.

Dig into more analysis about Advance Auto Parts dividend yield and history here.

What do other investors have to say about AAP?

One of the reasons eToro is our highest-rated brokerage is because of its social trading community.

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Step 5: Place your AAP trade

There are two primary options:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are generally sufficient.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a specific price limit, place a limit order.

Press the Open button and eToro will place your order.

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Step 6: Get the latest news on your AAP investment

Now that you own some AAP shares, you'll want to keep up with your investment.

Add AAP to a watchlist to monitor your AAP stock.

AAP Feed

How to Buy Stock in Advance Auto Parts

To summarize, here are the 6 steps to buy Advance Auto Parts stock:

  1. Figure out where to buy Advance Auto Parts stock
  2. Open a brokerage account
  3. Deposit money your brokerage account
  4. Evaluate Advance Auto Parts stock
  5. Place your AAP trade
  6. Get the latest news on your AAP investment

If you need a place to buy stocks, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get the latest news on your investment in Advance Auto Parts, get started below.

NYSE: AAP
$65.30-0.46 (-0.7%)
Updated Jun 24, 2024
Open eToro Account
NYSE: AAP
$65.30-0.46 (-0.7%)
Updated Jun 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Advance Auto Parts share?

As of Jun 24, 2024, it costs $65.30 to buy one share of Advance Auto Parts stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.153 shares of AAP.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Advance Auto Parts stock?

According to 9 Wall Street analysts who monitor Advance Auto Parts, their consensus recommendation is to hold Advance Auto Parts stock.

What is the best way to buy Advance Auto Parts stock?

One way to place an order for Advance Auto Parts stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.