From Yahoo Finance: 2025-05-25 07:18:00

BofA Securities analyst Robert Ohmes raised Advance Auto Parts Inc. (AAP) price target to $39 from $33, citing progress from strategic initiatives and a revised 2025 EPS view of $2.00. Despite improved Q1 comparable store sales, concerns remain about the timing of returns on strategic investments and consumer uncertainty impacting sales and margins.

The slight 0.6% decline in FQ1 2025 comparable store sales for Advance Auto Parts Inc. (AAP) exceeded expectations, with improvements attributed to reduced weather volatility and normalized tax refunds. The Underperform rating reflects uncertainty about returns on investment spending and potential sales and margin pressure in 2025 and beyond.

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Read more: BofA Raises Advance Auto Parts (AAP) Price Target to $39 Amid Turnaround Progress