Evercore cut target for Advance Auto Parts stock to USD 45

Published on 10/08/2026 at 11:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted earnings per share hit USD 1.03 versus USD 0.69 a year earlier. Advance Auto Parts stock costs EUR 36.57 after EUR 36.44.

AAP, US00751Y1064, Illustration mit AI erstellt.

Advance Auto Parts (ISIN US00751Y1064) was trading at EUR 36.57 at Lang & Schwarz on October 8, 2026 at 11:01 a.m. CEST, up 0.36 percent versus the prior close of EUR 36.44. Evercore ISI cut its price target from USD 50.00 to USD 45.00 on October 6, 2026 while keeping an In Line rating, as Markets Insider reported.

Evercore lowers the valuation anchor

The USD 5.00 reduction places the analyst target below the USD 48.94 average one-year objective reported by MarketBeat on October 8, 2026. MarketBeat said 17 of 20 covering firms had a Hold rating, compared with two Buy ratings and one Sell rating.

The target cut matters because the Lang & Schwarz euro quote converts the investor question into a valuation gap across currencies. The USD target cannot be netted against the EUR quote, so the clean comparison is between Evercore's new USD 45.00 target and its former USD 50.00 target.

Second-quarter profit came with a tariff effect

Advance Auto Parts reported USD 2.0 billion of revenue for the second quarter ended July 18, 2026, compared with USD 2.01 billion a year earlier, according to Yahoo Finance. Adjusted earnings per share rose to USD 1.03 from USD 0.69, but the result included USD 26.0 million of tariff refunds, an important one-off item in the comparison.

GAAP net income reached USD 55.0 million in the second quarter of 2026, versus USD 15.0 million in the year-earlier quarter. The company also generated USD 120.0 million of free cash flow in the first 28 weeks of fiscal 2026, compared with negative USD 201.0 million in the comparable period, according to Yahoo Finance.

Stock stays above its yearly low

The NYSE-listed company had a market capitalization of USD 2.5 billion and a 52-week range of USD 37.89 to USD 65.20 as of October 7, 2026. Its current euro quote sits EUR 1.32 below the reported 52-week low in dollar terms, so the two currencies should be read as separate market references.

For investors, the central tension is visible in the operating data: profit and cash flow improved, while revenue stayed broadly flat and Evercore reduced its target. That combination leaves the analyst revision as a valuation signal rather than a new operating forecast.

Euro quote and investor reference

Advance Auto Parts was trading at EUR 36.57 at Lang & Schwarz on October 8, 2026 at 11:01 a.m. CEST, plus 0.36 percent versus the Lang & Schwarz prior close of EUR 36.44 on October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Advance Auto Parts stock.