Advance Auto Parts Lifts Price Targets After Flat $2.6B Q1 Sales and $0.77 EPS
AAP•Advance Auto Parts reported flat first-quarter net sales of $2.6 billion and adjusted EPS of $0.77. It guided 2026 adjusted EPS of $2.40 to $3.10 and revenue of $8.49 to $8.58 billion while analysts lifted price targets but questioned turnaround pace.
1. Q1 Financial Results
Advance Auto Parts posted first-quarter net sales of $2.6 billion, flat year-over-year, and adjusted earnings per share of $0.77, driven by improved comparable-store sales and margins.
2. 2026 Guidance
The company guided adjusted EPS between $2.40 and $3.10 and revenue of $8.49 billion to $8.58 billion for fiscal 2026, with midpoints slightly below consensus estimates.
3. Analyst Ratings and Price Targets
Out of 25 analysts, 19 rate the stock Hold, three Buy and three Sell or lower. Several firms including Wells Fargo and Citi raised price targets to $60, while Goldman Sachs maintained a Sell rating with a $54 target based on competitive positioning concerns.
4. Stock Performance and Sentiment
Shares rose over 14% in a single session, marking their best one-day gain in a year, and retail sentiment shifted to ‘extremely bullish’ from neutral on social platforms.
