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Are we looking at the next big move in Advance Auto Parts Inc (AAP)?

Advance Auto Parts Inc (NYSE: AAP) is 23.38% higher on its value in year-to-date trading and has touched a low of $47.73 and a high of $125.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AAP stock was last observed hovering at around $75.03 in the last trading session, with the day’s gains setting it 0.27%.

Currently trading at $75.30, the stock is 0.42% and -2.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 0.36% at the moment leaves the stock 16.13% off its SMA200. AAP registered -39.36% loss for a year compared to 6-month gain of 34.13%.

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The stock witnessed a 6.81% loss in the last 1 month and extending the period to 3 months gives it a 14.00%, and is 1.95% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.62% over the week and 3.13% over the month.

Advance Auto Parts Inc (AAP) has around 69000 employees, a market worth around $4.49B and $11.29B in sales. Current P/E ratio is 101.70 and Fwd P/E is 17.06. Profit margin for the company is 0.39%. Distance from 52-week low is 57.76% and -39.96% from its 52-week high. The company has generated returns on investments over the last 12 months (0.68%).

The EPS is expected to grow by 669.33% this year.

Advance Auto Parts Inc (AAP) Top Institutional Holders

The shares outstanding are 59.51M, and float is at 59.00M with Short Float at 8.04%.

Advance Auto Parts Inc (AAP) Insider Activity

The most recent transaction is an insider purchase by Windom Brent,the company’sDirector. SEC filings show that Windom Brent bought 4,700 shares of the company’s common stock on Mar 27 ’24 at a price of $85.34 per share for a total of $0.4 million. Following the purchase, the insider now owns 10000.0 shares.

Advance Auto Parts Inc disclosed in a document filed with the SEC on Mar 21 ’24 that Word Herman L Jr (EVP, U.S. Stores & CQ Ind.) sold a total of 1,858 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $86.08 per share for $0.16 million. Following the transaction, the insider now directly holds 10448.0 shares of the AAP stock.

Still, SEC filings show that on Mar 19 ’24, Windom Brent (Director) acquired 2,617 shares at an average price of $83.00 for $0.22 million. The insider now directly holds 5,300 shares of Advance Auto Parts Inc (AAP).

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