Bank of America Securities analyst Robert Ohmes reiterated a Sell rating on Advance Auto Parts on February 13 and set a price target of $48.00.
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Robert Ohmes has given his Sell rating due to a combination of factors, including a cautious view on the company’s ability to convert its ongoing initiatives into consistent earnings growth. While recent quarterly results beat expectations and margins improved, top-line trends remain mixed, with professional customer strength being offset by weakness in the do-it-yourself segment and softer spending from lower- and middle-income consumers.
He acknowledges progress in areas such as new private-label products, loyalty enhancements, distribution center consolidation, and pricing optimization, but sees the payoff from these efforts as uncertain and uneven over time. Reflecting this risk, his valuation assumes lower earnings than the company’s guidance and a price objective below the current share price, indicating that he expects potential pressure on sales and margin rates in 2026 and beyond despite the ongoing turnaround efforts.
In another report released yesterday, TipRanks – Anthropic also reiterated a Sell rating on the stock with a $56.00 price target.
AAP’s price has also changed slightly for the past six months – from $61.810 to $58.850, which is a -4.79% drop .