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 $85.32, up 1.27% from the previous day, and has decreased 25.64% in one year. It has underperformed other stocks in the Specialty Retail industry by 0.54 percentage points. Advance Auto Parts stock is currently +78.76% from its 52-week low of $47.73, and -34.32% from its 52-week high of $129.90.
There are currently 59.55M AAP shares outstanding. The market cap of AAP is $5.08B. In the past 24 hours, 2.25M AAP shares were traded.
How to Buy Advance Auto Parts Stock
Not sure how to invest in Advance Auto Parts stock? Here's how.
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.
Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
Deposit money your brokerage account: Pick your method of payment and add your details.
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).
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.
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.
Our preferred brokerage: eToro
We believe that eToro is the best place to buy stocks. Here's why:
You can invest in stocks with zero commissions: Invest without paying trading commissions.
Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
Access to global financial markets: From Technology to Utilities, New York to Shanghai — you can fill your portfolio with stocks from the globe's top stock exchanges.
Social investing: eToro offers a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
Security: eToro is a regulated and licensed brokerage platform.
Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by signing up for an account with eToro today.
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
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.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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
$85.32
1w %
0.57%
1y %
-25.64%
5y %
-48.88%
P/E
170.64x
P/B
2.02x
P/S
0.45x
PEG
0.27x
Revenue
$11.29B
Earnings
$29.74M
Fore. Rev. Growth
1.26%
Fore. Earn. Growth
702.5%
Market Cap
$5.08B
Next Earnings
N/A
Next Dividend
Apr 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 170.64x, relative to Specialty Retail industry P/E ratio of 30.99x
AAP could be undervalued based on its P/B ratio of 2.02x, relative to Specialty Retail industry P/B ratio of 11.87x
AAP could be undervalued based on its PEG ratio of 0.27x
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 4.2% to 0.3% in the past year.
AAP's operating cash flow of $287.38M allows it to safely service it's debt of $4.00B.
AAP earnings of $119.90M is not sufficient to cover its interest payments.
AAP has a relatively high debt to equity ratio of 3.87.
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 13 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 2% analyst from Truist Securities maintains AAP with a hold rating and raises their AAP price target from $53.00 to $60.00, on Feb 29, 2024.
Michael Lasser, a top 5% analyst from UBS maintains AAP with a hold rating and lowers their AAP price target from $75.00 to $62.00, on Nov 16, 2023.
Seth Basham, a top 8% analyst from Wedbush maintains AAP with a hold rating and lowers their AAP price target from $80.00 to $60.00, on Nov 16, 2023.
Kate McShane, a bottom 7% analyst from Goldman Sachs maintains AAP with a hold rating and lowers their AAP price target from $83.00 to $73.00, on Nov 16, 2023.
Elizabeth Suzuki, a top 35% analyst from Bank of America downgrades AAP to a sell rating and lowers their AAP price target from $60.00 to $43.00, on Nov 16, 2023.
Last year, AAP earnings were $29.74M. During the past five year, AAP's earnings have increased by -38.64% per year. This was slower than the Specialty Retail industry average of 17.95%.
Last year, AAP revenue was $11.29B. Over the last 5 year, AAP's revenue has gone up by 3.33% per year. This was slower than the Specialty Retail industry average of 11.66%.
Advance Auto Parts pays a dividend of 2.64%, compared to the Specialty Retail industry's average dividend yield of 2.92%. If you owned $1,000 worth of AAP stock, you would have received $26.37 in the past year.
Advance Auto Parts dividend payments have consistently grown over the past decade but have not remained stable.
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
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.
If you want more assistance investing in stocks on eToro, click the helpful video below:
How much does it cost to buy one Advance Auto Parts share?
As of Mar 27, 2024, it costs $85.32 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 0.117 shares of AAP.
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.