• For the first quarter, net sales were flat at $2.6 billion, while adjusted earnings per share were $0.77.
• For 2026, the company guided adjusted EPS to $2.40 to $3.10 per share, and revenue in the $8.49 billion to $8.58 billion range.
• 19 of the 25 analysts covering the stock rated it a ‘Hold,’ three rate it ‘Buy’ and three ‘Sell’ or lower, according to Koyfin data.

Shares of Advance Auto Parts (AAP) extended gains on Friday after at least three analysts maintained their ratings and raised their price targets following the company’s first-quarter results. 

However, most remained cautious on the durability of the company’s turnaround.

At the time of writing, AAP stock was up marginally. In its last trading session, the stock closed with more than 14% gains, its best one-day percentage performance in a year.

Wall Street Sees Progress, But Not A Full Turnaround Yet

Although Goldman Sachs noted the company’s stronger-than-expected quarter, driven by improved comparable sales and margins, it remains skeptical about the pace of its turnaround and long-term margin recovery, according to TheFly.

The firm maintained its ‘Sell’ rating with a price target of $54, up from $49, implying nearly 8% downside potential as of the stock’s last close on Thursday, while also suggesting that rivals AutoZone (AZO) and O'Reilly Automotive (ORLY) are better positioned to gain market share.

“The stock deserves to trade up after the company posted its strongest comparable-store sales in five years, with notable gross margin and EBIT percentage progress,” said Wells Fargo, per TheFly. “But the bears still have ammo via slightly wider underperformance vs. O'Reilly Automotive (ORLY), softening quarter-to-date and still negative free cash flow.”

Wells Fargo, along with Citi, kept their neutral-equivalent rating on AAP stock but raised their respective price targets to $60, implying upside potential of a little over 2%.

AAP Q1 At A Glance

The company’s net sales were flat at $2.6 billion for the first quarter, ahead of the $2 billion consensus, while adjusted earnings per share (EPS) of $0.77 fell short of the $0.83 consensus, according to Fiscal AI estimates.

For 2026, it guided adjusted EPS to $2.40 to $3.10 per share, with the midpoint below the $2.86 estimate, and revenue to $8.49 billion to $8.58 billion, with the midpoint below the $8.56 billion estimate.

What Retail Thinks About AAP

On Stocktwits, retail sentiment about AAP turned ‘extremely bullish’ from ‘neutral’ over the last 24 hours.

Wall Street, on the other hand, is largely ‘Neutral’ on the stock, with 19 of the 25 analysts rating it a ‘Hold,’ three rate it ‘Buy’ and three ‘Sell’ or lower, according to Koyfin data.

AAP stock is up more than 49% so far this year and more than 87% over the past 12 months, outperforming the S&P 500.

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