Auto Accessories Archives - Page 4 of 13

April 2, 2023

Why Advance Auto Parts, Inc. (NYSE:AAP) Could Be Worth Watching

Advance Automobile Areas, Inc. (NYSE:AAP), is not the greatest company out there, but it obtained a lot of consideration from a significant rate motion on the NYSE over the past couple of months, expanding to US$157 at a single position, and dropping to the lows of US$111. Some share price tag movements can give buyers a much better prospect to enter into the inventory, and potentially obtain at a decreased selling price. A query to respond to is no matter whether Advance Car Parts’ present investing rate of US$119 reflective of the real value of the mid-cap? Or is it currently undervalued, offering us with the option to acquire? Let’s get a seem at Progress Automobile Parts’s outlook and value based mostly on the most modern monetary information to see if there are any catalysts for a value modify.

View our hottest examination for Advance Car Pieces

Is Advance Car Elements Even now Low-priced?

Excellent news for investors – Progress Automobile Areas is still buying and selling at a quite affordable selling price. My valuation model demonstrates that the intrinsic worth for the inventory is $173.51, but it is at the moment buying and selling at US$119 on the share industry, indicating that there is however an chance to get now. On the other hand, presented that Advance Auto Parts’s share is reasonably risky (i.e. its selling price movements are magnified relative to the relaxation of the industry) this could signify the value can sink decreased, giving us yet another opportunity to get in the foreseeable future. This is based mostly on its significant beta, which is a good indicator for share rate volatility.

What form of progress will Progress Vehicle Parts make?

earnings-and-revenue-growth — NYSE:AAP Earnings and Profits Advancement March 31st 2023

Investors searching for advancement in their portfolio could want to take into account the potential customers of a corporation in advance of obtaining its shares. Buying a excellent enterprise with a strong outlook at a inexpensive selling price is constantly a good financial investment, so let’s also consider a glimpse at the firm’s long run expectations. Advance Auto Parts’ earnings about the future couple a long time are predicted to raise by 44{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}, indicating a very optimistic foreseeable future ahead. This really should direct to a lot more sturdy dollars flows, feeding into a greater share price.

What This Usually means For You

Are you a shareholder? Given that AAP is at present undervalued, it may well be a fantastic time to accumulate more of your holdings in the inventory. With a positive outlook on the horizon, it appears like this growth has not however been totally factored into the share value. However, there are also other factors these as economical wellbeing to think about, which could reveal the current undervaluation.

Are you a likely investor? If you’ve been holding an eye on AAP for a even though, now might be the time to make a leap. Its prosperous foreseeable future outlook isn’t absolutely mirrored in the present-day share cost nonetheless, which indicates it’s not way too late to purchase AAP. But prior to you make any investment conclusions, contemplate other aspects these types of as the power of its equilibrium sheet, in order to make a effectively-informed financial commitment conclusion.

So whilst earnings top quality is critical, it is really equally essential to contemplate the dangers struggling with Advance Automobile Pieces at this stage in time. Situation in position: We have noticed 2 warning indicators for Progress Car Sections you must be informed of.

If you are no extended fascinated in Progress Auto Pieces, you can use our totally free system to see our record of over 50 other stocks with a large expansion prospective.

What are the pitfalls and opportunities for Progress Car Elements?

Advance Vehicle Areas, Inc. offers automotive replacement elements, add-ons, batteries, and maintenance objects for domestic and imported autos, vans, activity utility motor vehicles, and mild and hefty obligation vehicles.

See Comprehensive Investigation

Benefits

Trading at 30{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} below our estimate of its truthful value
Earnings are forecast to increase 10.39{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} per yr

Risks

Check out all Hazards and Rewards

Have feed-back on this posting? Concerned about the material? Get in contact with us straight. Alternatively, email editorial-team (at) simplywallst.com.

This report by Simply Wall St is general in mother nature. We supply commentary based mostly on historical data and analyst forecasts only utilizing an unbiased methodology and our content articles are not supposed to be economical advice. It does not constitute a advice to buy or sell any inventory, and does not just take account of your aims, or your financial circumstance. We aim to deliver you extensive-expression focused analysis pushed by elementary data. Note that our investigation might not variable in the most recent value-delicate organization bulletins or qualitative content. Merely Wall St has no posture in any shares described.

March 31, 2023

Endless Possibilities Auto Unveils New Warning Lights & Emergency Vehicle Lighting Solutions

Aurora, IL – For more than two decades, motor vehicle house owners in Aurora have dependable Infinite Alternatives Automobile to give their cars a exclusive and personalized look and feel by means of exceptional accessory set up companies. With deep understanding and knowledge in automobile components, the company’s knowledgeable specialists offer responsible set up of a wide assortment of equipment, together with distant start off, window tint, vehicle audio, warning lights, and a lot more.

Countless Prospects Auto’s new line of warning lights and crisis vehicle lights options can assistance car proprietors by furnishing enhanced basic safety and visibility on the road, especially for the duration of emergency conditions. These lights are created to be extremely noticeable, alerting other motorists to the presence of an crisis vehicle and supporting to avert incidents.

In addition to improving safety, warning lights and emergency car lights solutions can also boost the features of a motor vehicle. For case in point, they can be custom made to meet up with the particular desires of diverse autos, this sort of as tow vans or design autos.

At Unlimited Alternatives Car, first responders such as fireplace crews, police officers, and medical personnel can choose from a huge variety of warning lights and add-ons to fit their requirements. The lights are available in a wide variety of colours and involve LED and halogen technological innovation. Auto house owners can also select from quite a few unique mounting components, these as 360-degree warning lights, mini gentle bars, and more.

“To start with responders know the significance of trustworthy, dependable crisis automobile lights. At Endless Opportunities Auto, we give a comprehensive choice of warning lights and other vehicle lights methods that can be tailored to fulfill the desires of any very first responder.” Reported the business representative.

The distant starter is handy, primarily when a vehicle operator demands to heat their auto remotely during the chilly time. With Endless Options Vehicle‘s remote starter installation, vehicle owners can transform on their autos from up to a mile away. So the ordeal of braving the winter chilly to get one’s car or truck started out is about. The corporation can install remote starters in all sorts of cars and trucks, which include vans and SUVs.

When a car owner needs to add a feeling of privateness, magnificence, and design to their car or truck, they transform to Endless Possibilities Auto’s window tinting expert services. The business employs higher-overall performance, point out-of-the-art resources to guarantee precision-tinted motor vehicle windows. Their experts also use the most recent technology to make certain a excellent in shape and precision of the window tint.

Practically nothing would make a highway trip much more pleasurable than some wonderful new music from the car’s audio technique. Endless Prospects Automobile presents automobile audio set up options for quite a few vehicles. Whether a shopper needs a standard radio method or a total enjoyment heart, the firm’s expert experts can personalize the audio system in accordance to their desires.

Endless Alternatives Car is found at 2740 Beverly Push Suite A, Aurora, IL, 60502, US. Prospective clientele can speak to the motor vehicle components firm at (630) 806-0456 or visit their web site to study extra about their solutions.

Media Get hold of

Company Name
Endless Choices Car
Make contact with Name
Limitless Possibilities Vehicle
Mobile phone
(630) 806-0456
Tackle
2740 Beverly Push Suite A
Town
Aurora
Condition
IL
Postal Code
60502
Region
United States
Web page
http://www.endlesspossibilitiesauto.com/

March 29, 2023

11 best car accessories you can buy right now

If you sometimes feel like you live in your car, you’re not alone. According to car insurance comparison site The Zebra, Americans drive an average of 14,263 miles every year. So it’s only logical that you would want to make your car as functional and comfortable as possible.

SKIP AHEAD Bestselling car accessories | Bestselling car accessories for kids

These days, you don’t have to look far for cool car accessories. Amazon features gadgets that hold your food, organize your stuff, catch your change, keep you safe, warm you up and more. We’ve sorted through hundreds of items to find bestsellers that will keep you happy and carefree on the open road, including organizers that slip over your headrest, memory foam seat cushions and food trays that insert into your cup holders.

Bestselling car accessories in 2023

Below is a list of some of the biggest sellers on Amazon we think you should know about. These top-rated items will enhance your driving experience, whether on a short trek or a weeklong road trip, and keep you organized and comfortable as you take to the open road. We also included a section of some of the bestselling car accessories to make car rides more fun or safe for kids as well.

ComfiLife Gel Enhanced Seat Cushion

4.4-star average rating from nearly 90,000 Amazon reviews

This gel memory foam cushion is ergonomically designed to relieve pressure on your tailbone, says the brand. It has a machine-washable velour cover and a non-slip rubber bottom, so you don’t have to worry about sliding on leather seats. It also has a built-in handle for easy transport.

Macally Cup Holder Tray for Car

4.1-star average rating from more than 2,700 Amazon reviews

We’ve all had to eat our lunch or dinner in the car at one time or another. With this tray, you no longer have to juggle a sandwich on your lap. The universal mount slips into most cup holders that are between 3 inches and 4.1 inches wide and has rubber mounts to avoid scratching. The tray’s surface area is 9 inches wide and has a place to lay your smartphone. It also swivels 360 degrees so you can share meals with your passenger.

Drop Stop Car Seat Gap Filler

4.6-star average rating from more than 56,000 Amazon reviews

As seen on Shark Tank, the Drop Stop Gap Filler fits snugly between the front seat and the console to catch anything that may fall, such as smartphones, change, credit cards and snacks. These gap fillers come two in a pack – one for the driver and one for the passenger – and adjust to most size vehicles.

Lebogner Gap Filler Organizer

4.0-star average rating from more than 1,500 Amazon reviews

With this gap-filler organizer, you go one step further: It is similarly designed to sit within the gap between the front seats and the console but will also hold all your necessities, such as your sunglasses, credit cards, smartphone and wallet. It is designed to fit most cars, and the adhesive-backed foam pads keep the fillers securely in place.

Laicomein Bluetooth Aux Receiver

4.5-star average rating from more than 5,400 Amazon reviews

If your car is older than 2001, this Bluetooth Aux receiver will be a game changer. Compatible with most Bluetooth-enabled devices, such as smartphones, tablets, laptops and computers, the Aux receiver enables you to play music or make and receive calls hands-free without a wired connection. It can also connect two devices at the same time. The built-in battery lasts for 16 hours when fully charged, says the brand.

iOttie Easy One-Touch 5 Dashboard & Windshield Universal Phone Holder

4.4-star average rating from more than 124,000 Amazon reviews

This universal smartphone car mount is engineered to let you quickly lock and release smartphones with an easy one-handed motion, says the brand. It fits both standard and large smartphones and has a telescopic arm that pivots 260 degrees.

iOttie Easy One-Touch 5 Dashboard & Windshield Universal Phone Holder

EPAuto Waterproof Car Trash Can

4.6-star average rating from more than 63,000 Amazon reviews

This trash can will keep your car free of clutter and comes in eight colors, including black, dark grey camouflage, green, and camouflage blue. It has a 2-gallon capacity and comes with 10 trash bags. Its lid has an elastic opening and can be fastened close so trash remains out of sight. Fasteners on the bottom keep the bin from moving around.

Best car accessories for kids in 2023

Helteko Backseat Car Organizer

4.5-star average rating from more than 8,400 Amazon reviews

This backseat organizer has nine pockets to fit bottles, tablets and other essentials so stuff stays organized. The organizer is easy to install, and Its straps are adjustable and reinforced with buckles, says the brand.

Macally Car Headrest Mount Holder

4.3-star average rating from more than 160,000 reviews

Skip the high cost of built-in entertainment systems and mount your tablet to this headrest holder. No tools are required; just twist the knobs to attach and detach the mount. According to the brand, the mount is designed to keep tablets stable and big and little passengers entertained.

Shynerk Baby Car Seat Mirror

4.7-star average rating from more than 25,000 reviews

Infants need to be buckled in facing the rear, which means your eyes can’t be on them if you are driving or sitting in the front seat. With the Shynerk car seat mirror, you can keep your baby in sight. It straps to the backseat headrest of most cars, trucks and SUVs and has an extra-wide viewing angle and a 360 rotation. It’s made of shatterproof acrylic glass and safety-certified and crash tested, says the brand.

High Road CarHop Car Seat Organizer

4.5-star average rating from more than 2,200 reviews

The High Road CarHop keeps trip essentials all in one place for easy access. Part cooler part organizer, the CarHop has an insulted interior with a movable divider so you can store both food and other items. It also has cup holders and pockets, and its side and top panels keep the organizer open and upright. A seatbelt strap secures it to the seat, and its booster-seat height makes it reachable for kids of all ages.

Catch up on Select’s in-depth coverage of personal finance, tech and tools, wellness and more, and follow us on Facebook, Instagram and Twitter to stay up to date.

March 28, 2023

UAE Car Accessories Markets, Competition Forecast & Opportunities, 2023-2024 & 2028: High Installation of Infotainment Systems in Passenger Cars Supports the Market Growth

DUBLIN, March 27, 2023 /PRNewswire/ — The “UAE Car or truck Extras Sector, By Site (Interior Add-ons, Exterior Components), By Vehicle Type (Hatchback, Sedan, SUV/MPV), By Need Category (OEM, Replacement), By Income Channel (On the web, Offline), By Location, Opposition Forecast & Prospects, 2028” report has been included to ResearchAndMarkets.com’s supplying.

UAE auto equipment marketplace is anticipated to mature at a strong CAGR in the forecast period of time, 2024-2028

The important aspects driving the UAE car extras sector are the amplified demand and production of autonomous and connected passenger cars and trucks and the rising recognition of electrical automobiles.

Also, the ongoing technological breakthroughs in passenger automobile accessories and the higher demand for putting in infotainment units are expected to bolster the UAE automobile add-ons sector expansion around the following 5 many years.

Large Output and Sales of Passenger Automobile Generate the Current market advancement

Fast urbanization, the enhanced way of life of buyers, and the significant per capita earnings of buyers make them commit in the acquire of passenger vehicles. In 2020, 158,711 overall vehicles were being marketed in UAE, and the escalating choice for personal vehicle possession is anticipated to impact the sales of passenger cars.

Buyers incorporate car accessories as an further solution to strengthen the automobile’s protection, ease and comfort, security, and mobility. Motor vehicle extras not only boost the aesthetic attractiveness of vehicles, but they also offer the driver with the larger assurance to generate the motor vehicle seamlessly.

The significant sales of passenger cars are fueling the gross sales of auto add-ons. The booming automotive sector is envisioned to generate valuable advancement prospects for the UAE auto equipment current market more than the up coming five many years.

Progress in Technological innovation Improve the Current market Demand

The constant evolution in technologies along with technological improvements appeals to buyers to make investments in the invest in of automobile add-ons. Sophisticated car components supply a refined glance, comfort, and advantage to the passengers whilst riding the automobile.

A massive variety of vehicle accessories are readily available in the industry, and from time to time these are produced of very poor top quality. Car or truck components manufacturers are enhancing the good quality of components used in the manufacturing course of action to make improvements to their gross sales. Brands have commenced making use of fuel-effective and lightweight supplies for manufacturing passenger car or truck extras.

Also, the introduction of innovative units these types of as new lights methods, dynamic window displays, and biometric entry to cars is envisioned to act as a optimistic issue in accelerating the demand from customers for the UAE auto equipment market place in the forecast period.

Superior Set up of Infotainment Systems in Passenger Cars Supports the Current market Expansion

The availability of substantial-velocity world-wide-web penetration and the predicted roll-out of 5G technology is strengthening the country’s connectivity. Buyers are investing in the obtain of sensible equipment fueling the demand from customers for putting in infotainment programs in the passenger car.

An infotainment process in a modern day car or truck is geared up with Bluetooth, a CD participant, GPS, control panels, a lighter port, several speakers, and a video clip panel to enhance the driving knowledge. Primary machines brands have started out supplying infotainment programs in mid and little-automobile segments, which is envisioned to witness large need due to the superior sale of automobiles in this variety.

The sector players are operating on advancing the infotainment methods to make them compatible with linked and autonomous cars and introducing sophisticated variations of the infotainment program to capture shopper consideration. The growing acceptance of infotainment systems among the people is predicted to foster large market demand.

Competitive Landscape

Company Profiles: Comprehensive analysis of the main corporations present in UAE vehicle add-ons current market.

Al Taif Vehicle Accessories
Vehicle Mart
Delta Plus
Al Mushrif Car Extras
Fawaz Al-Khateeb
Directed Auto
Prime Star trading LLC
Car or truck Care Auto Equipment
Bab Al Satwa Auto Equipment
Galadari Vehicles Co Ltd LLC

Report Scope:

In this report, UAE car add-ons market has been segmented into the next classes, in addition to the sector trends which have also been in depth down below:

UAE Car or truck Extras Market, By Spot:

Inside Accessories
Exterior Components

UAE Automobile Components Market place, By Car or truck Style:

UAE Car Accessories Market place, By Demand from customers Category:

UAE Motor vehicle Add-ons Market place, By Profits Channel:

UAE Car Add-ons Marketplace, By Region:

Dubai
Abu Dhabi
Sharjah
Relaxation of UAE

For much more information and facts about this report pay a visit to https://www.researchandmarkets.com/r/5j13ta

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March 22, 2023

Risk-Reward With Advance Auto – GuruFocus.com

In the very last 52 months, shares of Advance Car Components (AAP, Economic) are down 42{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}. Is this fair, or is it absolutely out of touch with the true worth of the business?

AAP Knowledge by GuruFocus

Advance Auto Elements is a foremost retailer of automotive aftermarket components and extras in the United States. The corporation features a broad range of solutions, such as engine components, batteries, brakes and belts, amongst other folks, for equally expert installers and do-it-on your own prospects. The business was established in 1932 and is headquartered in Raleigh, North Carolina. Over the years, it has expanded its operations by way of strategic acquisitions, this kind of as its order of Carquest in 2013, which now serves roughly 1,250 independent destinations.

In my see, even if the enterprise is in the exact posture in 2028 as it is nowadays, the stock is still undervalued. The company is priced at a price-e-book ratio of just 2.65 while its much larger opponents AutoZone (AZO, Money) and O’Reilly (ORLY, Money) function with detrimental book values. Advance Auto Components also has the most inexpensive ahead rate-earnings ratio of the a few at 11.18.

What is actually the distinction involving the opponents? Progress Auto Components has developed significantly slower than its peers, as it created the final decision to shell out out dividends and keep earnings though the other two did not. On the other hand, with the retirement of the President and CEO, Tom Greco, the organization has an opportunity to start off turning around its strategy with an eye toward even further expansion.

AAP Info by GuruFocus

A search by means of the financials

In February, Progress Car Areas described fourth-quarter and complete yr numbers. Fourth-quarter profits displayed resilience, with quarterly revenue growing 3.2{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} to $2.5 billion on the back of a 2.1{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} rise in same-retail store gross sales. Profits for the 12 months improved 1.4{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} to $11.2 billion with comps up a small .3{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}.

Above the past 10 years, revenue has risen from $6.5 billion to around $11.5 billion gross profit from $3.2 billion to north of $5 billion and web earnings from $391 million to in excess of $501 million. Progress Car Sections has saved prolonged-expression financial debt at all-around $1 billion whilst constructing retained earnings from $1 billion to just about $4.8 billion, more than doubling its reserve worth. Until eventually the decline in price tag from 2022 to existing, the business had made practically $2 for just about every $1 retained.

Comparisons with rivals

When as opposed to AutoZone and O’Reilly, the long-term adverse variation seem to be to have been driven in section by margins: it underperforms on each its gross margins and working margins. Even though Advance Auto Parts’ gross margin sits at a quite respectable 44{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}, gross margins at both AutoZone and O’Reilly are about 50{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}. This also can help improve internet income margins and push base line earnings expansion at a higher level, which actually compounds over the yrs. So, though top line growth across the a few providers is quite near, the bottom line is a different tale. AutoZone has grown web earnings by almost 140{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} though O’Reilly is up 224{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} more than the past decade. As for Advance Auto Sections, its base line is only up 29{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}, a critical indicator of why it has struggled versus these two.

The enterprise has permit running charges get a minimal out of manage. 10 years in the past, it was paying out 78{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of gross gain on functions. Now, the organization is paying out practically 85{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} on functioning fees. That has generally retained income flat, assurance shaky and the stock cost fluctuating. By comparison, AutoZone and O’Reilly invest 63{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} and 66{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} on operating bills, respectively. If, and this may possibly be a massive if, Progress Automobile Areas could get its expenses down to that amount, revenue could increase significantly. Having said that, the enterprise is also spending a great deal on its dividend however, which is a downside on growth investments.

Future prospective buyers and valuation

The time for adjust has lastly appear as the Advance Automobile Pieces CEO is retiring, and the problems of operational integration because of to its 2014 purchase of Standard Sections is generally powering the business now. Progress Auto Components has a market cap of far more than $7 billion, and under the suitable CEO, I believe that it could start off extracting a lot more earnings.

Inspite of the transfer towards electric cars, combustion engines however dominate the roads and must do so for decades. Car element stores will finally be ready to adjust with the evolution of the marketplace, but for now, the marketplace can count on automobiles breaking down and a foundation of do-it-oneself customers.

That claimed, as prolonged as Progress Auto Elements can proceed to increase revenue, earnings and ebook worth at a comparable rate when shopping for again stock and providing buyers with a dividend produce of just about 5{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}, I believe that it would be surprising if the sector worth didn’t increase even if advancement proceeds to lag compatitors. If Advance Car Pieces was priced at exactly where AutoZone and O’Reilly are at the moment valued, its stock would trade in between $188 and $230.

Only time will convey to if Progress Vehicle Components will be ready to tighten operating expenditures to generate profitability higher. It is on the hunt for a new CEO and that will also influence the inventory in the quick phrase and the extended time period. Even if new management turns out to be inadequate, the organization could be a a fantastic acquisition goal for a private fairness business or activist trader. With a market place capitalization of just $7 billion, it really is easily cost-effective for a lot of consumers. I feel it is really only a make any difference of time just before traders recoup the reduction in sector benefit from highs of 2022.

March 21, 2023

Advisors Capital Management LLC Buys 7,139 Shares of Advance Auto Parts, Inc. (NYSE:AAP)

Advisors Capital Management LLC raised its stake in shares of Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) by 14.3{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,931 shares of the company’s stock after purchasing an additional 7,139 shares during the period. Advisors Capital Management LLC owned 0.09{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of Advance Auto Parts worth $10,463,000 as of its most recent filing with the Securities & Exchange Commission.

→ Unusual Passive Income Investment (Found on a Golf Course) (From Oxford Club)

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of Advance Auto Parts by 4.1{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,173 shares of the company’s stock valued at $340,000 after purchasing an additional 86 shares during the last quarter. Kentucky Retirement Systems lifted its holdings in shares of Advance Auto Parts by 4.7{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 3rd quarter. Kentucky Retirement Systems now owns 4,747 shares of the company’s stock valued at $742,000 after acquiring an additional 213 shares during the last quarter. Balyasny Asset Management LLC lifted its holdings in shares of Advance Auto Parts by 4,881.8{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 3rd quarter. Balyasny Asset Management LLC now owns 477,160 shares of the company’s stock valued at $74,600,000 after acquiring an additional 467,582 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Advance Auto Parts by 22.5{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 3rd quarter. Baird Financial Group Inc. now owns 15,756 shares of the company’s stock valued at $2,463,000 after acquiring an additional 2,889 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Advance Auto Parts in the 3rd quarter valued at about $254,000. Institutional investors own 96.04{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AAP. Wells Fargo & Company lowered their price target on shares of Advance Auto Parts from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday, January 5th. UBS Group downgraded shares of Advance Auto Parts from a “buy” rating to a “neutral” rating and lowered their price target for the company from $230.00 to $182.00 in a report on Wednesday, November 16th. DA Davidson decreased their price objective on shares of Advance Auto Parts from $170.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, March 1st. Evercore ISI raised their price objective on shares of Advance Auto Parts to $160.00 in a research note on Tuesday, February 7th. Finally, Roth Capital reissued a “neutral” rating and issued a $140.00 price objective (down previously from $180.00) on shares of Advance Auto Parts in a research note on Monday, February 13th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $166.89.

Advance Auto Parts Stock Performance

Shares of AAP stock opened at $121.70 on Wednesday. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.05 and a beta of 1.12. The company’s 50 day moving average is $146.00 and its 200 day moving average is $157.13. The company has a quick ratio of 0.21, a current ratio of 1.13 and a debt-to-equity ratio of 0.44. Advance Auto Parts, Inc. has a 52-week low of $121.05 and a 52-week high of $231.43.

Advance Auto Parts (NYSE:AAP – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $2.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.47. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Advance Auto Parts had a net margin of 4.50{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} and a return on equity of 28.53{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}. Advance Auto Parts’s revenue was up 3.2{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} compared to the same quarter last year. During the same period last year, the company posted $2.07 earnings per share. On average, sell-side analysts anticipate that Advance Auto Parts, Inc. will post 10.66 EPS for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 14th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 4.93{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}. The ex-dividend date is Thursday, April 13th. Advance Auto Parts’s payout ratio is 72.55{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}.

Advance Auto Parts Company Profile

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Advance Auto Parts, Inc engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage.

Category: Auto Accessories