Advance Auto Parts Analysts Raise Their Forecasts After Better-Than-Expected Q4 Earnings

Group 1 - The company reported fourth-quarter adjusted earnings per share of 86 cents, exceeding the analyst consensus estimate of 42 cents [1] - Quarterly sales reached $1.973 billion, surpassing the Street view of $1.952 billion [1] Group 2 - For fiscal 2026, the company expects adjusted earnings of $2.40 to $3.10 per share, compared to analysts' estimate of $2.66 [2] - The company forecasts sales between $8.485 billion and $8.575 billion, while the estimate stands at $8.668 billion [2] - Following the earnings announcement, Advance Auto Parts shares dipped 2.8% to trade at $57.19 [2] Group 3 - BMO Capital analyst maintained the stock with a Market Perform rating and raised the price target from $55 to $60 [3] - Truist Securities analyst maintained the stock with a Hold rating and increased the price target from $48 to $57 [3] - RBC Capital analyst maintained the stock with a Sector Perform rating and raised the price target from $57 to $63 [3]