<div id="readability-page-1"><p>Gabelli Funds LLC increased its position in  Advance Auto Parts, Inc. (NYSE:AAP - Free Report) by 193.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,218 shares of the company's stock after buying an additional 43,618 shares during the period. Gabelli Funds LLC owned 0.11% of Advance Auto Parts worth $3,078,000 at the end of the most recent reporting period.</p><ul><li>Advance Auto Parts is A Great Risk/Reward Play If EPS Delivers</li></ul><p>A number of other institutional investors have also added to or reduced their stakes in AAP. REAP Financial Group LLC acquired a new stake in  Advance Auto Parts in the second quarter valued at approximately $26,000.  Parallel Advisors LLC grew its position in  Advance Auto Parts by 355.8% in the 2nd quarter. Parallel Advisors LLC now owns 939 shares of the company's stock valued at $44,000 after purchasing an additional 733 shares during the period.  Allworth Financial LP grew its position in  Advance Auto Parts by 283.0% in the 2nd quarter. Allworth Financial LP now owns 1,264 shares of the company's stock valued at $59,000 after purchasing an additional 934 shares during the period.  Quarry LP increased its stake in  Advance Auto Parts by 688.6% during the 1st quarter. Quarry LP now owns 2,421 shares of the company's stock valued at $95,000 after purchasing an additional 2,114 shares in the last quarter.  Finally, Blue Trust Inc. lifted its stake in shares of  Advance Auto Parts by 15.3% in the second quarter. Blue Trust Inc. now owns 3,278 shares of the company's stock valued at $152,000 after buying an additional 436 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds. </p><div><p><span></span><span>Get <strong>Advance Auto Parts</strong> alerts:</span></p></div><h2>Insiders Place Their Bets</h2><p>In related news, EVP Kristen L. Soler sold 7,662 shares of the firm's stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $51.00, for a total transaction of $390,762.00. Following the completion of the sale, the executive vice president owned 23,165 shares in the company, valued at approximately $1,181,415. This trade represents a 24.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own  0.35% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Auto Tariffs Are Coming Down: 3 Stocks to Benefit Soon</li></ul><p>Several equities research analysts have recently commented on AAP shares. Citigroup decreased their target price on shares of Advance Auto Parts from $60.00 to $55.00 and set a &#34;neutral&#34; rating for the company in a research report on Friday, October 31st. Roth Capital  reissued a &#34;neutral&#34; rating and issued a $55.00 price objective (up from $50.00) on shares of Advance Auto Parts in a research note on Monday, October 27th. Wolfe Research assumed coverage on Advance Auto Parts in a report on Thursday, September 18th. They issued a &#34;peer perform&#34; rating on the stock. Mizuho upped their price target on Advance Auto Parts from $44.00 to $54.00 and gave the stock a &#34;neutral&#34; rating in a report on Friday, August 29th. Finally, Wells Fargo &amp; Company increased their price target on Advance Auto Parts from $45.00 to $50.00 and gave the company an &#34;equal weight&#34; rating in a research report on Friday, August 15th. One analyst  has rated the stock with a Buy rating, twenty have given a Hold rating and three have assigned  a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of &#34;Reduce&#34; and an average price target of $51.78.</p><p><b>Check Out Our Latest Research Report on AAP</b></p><h2>Advance Auto Parts Stock Performance</h2><ul><li>3 Stocks Getting Rare Double Upgrades From Analysts</li></ul><p>AAP stock opened at $49.14 on Thursday. The firm has a market cap of $2.95 billion, a PE ratio of -7.81 and a beta of 1.13. The company has a quick ratio of 0.88, a current ratio of 1.73 and a debt-to-equity ratio of 1.55. The business has a 50 day moving average of $52.16 and a 200-day moving average of $54.94. Advance Auto Parts, Inc. has a 12-month low of $28.89 and a 12-month high of $70.00. </p><p>Advance Auto Parts (NYSE:AAP - Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.18. Advance Auto Parts had a positive return on equity of 0.64% and a negative net margin of 4.37%.The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the company posted ($0.04) earnings per share. Advance Auto Parts's quarterly revenue was down 5.2% compared to the same quarter last year. Advance Auto Parts has set its FY 2025 guidance at 1.750-1.850 EPS.  As a group, sell-side analysts expect that  Advance Auto Parts, Inc. will post -0.46 earnings per share for the current year. </p><h2>Advance Auto Parts Dividend Announcement</h2><p>The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, January 9th. Advance Auto Parts's payout ratio is -15.90%. </p><h2>Advance Auto Parts Profile</h2> (Free Report)<p>Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Advance Auto Parts</li><li>What is a Death Cross in Stocks?</li><li>Market Momentum: 3 Stocks Poised for Major Breakouts</li><li>Why Invest in High-Yield Dividend Stocks?</li><li>3 Reasons Casey’s General Stores Will Continue Trending Higher</li><li>Best ESG Stocks: 11 Best Stocks for ESG Investing</li><li>Golden Cross Alert: 3 Stocks With Major Upside Potential</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFBUA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFBUA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Advance Auto Parts Right Now?</h2><p>Before you consider Advance Auto Parts, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Advance Auto Parts wasn't on the list.</p><p>While Advance Auto Parts currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Gabelli Funds LLC increased its stake in Advance Auto Parts, Inc. by 193% in Q2, owning 66,218 shares valued at $3,078,000. Other institutional investors also adjusted their positions. Analysts have mixed ratings on AAP, with a consensus 'Reduce' rating and an average price target of $51.78. AAP's stock opened at $49.14, with a market cap of $2.95 billion and a PE ratio of -7.81.</p>

Gabelli Funds LLC Buys 43,618 Shares of Advance Auto Parts, Inc. $AAP