BofA Securities Reiterates Underperform Rating on Advance Auto Parts (AAP), 'see volatility from winter weather conditions'

BofA Securities analyst Robert Ohmes reiterated an Underperform rating and $40.00 price target on Advance Auto Parts (NYSE: AAP)

The analyst comments "Bloomberg Second Measure credit and debit card data shows that in the most recent week (ending 12/7/2025), observed sales decreased 9.1% y/y. The primary driver of the decline was a 11.8% y/y decrease in observed transactions. The DIY segment has been choppy, and low- to middle-income consumers could defer vehicle repair spending into 2026 due to impacts from the government shutdown and a broad-based inflationary environment. 4Q tends to be the most volatile quarter and could see week-to-week fluctuations depending on winter weather conditions. Average transaction value improved 3.0% y/y, and we continue to expect LSD to MSD inflation going into 2026 as tariff pricing flows through."

For an analyst ratings summary and ratings history on Advance Auto Parts click here. For more ratings news on Advance Auto Parts click here.

Shares of Advance Auto Parts closed at $46.37 yesterday.

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