Advance Auto Parts Holds Annual Stockholders Meeting Amid Challenges

Raleigh, North Carolina – On May 15, 2025, Advance Auto Parts held its Annual Meeting of Stockholders, where key decisions were made regarding the company’s future direction.

During the meeting, stockholders elected nine nominees to the Board of Directors, approved an amendment to increase the number of shares in the Omnibus Incentive Compensation Plan, and ratified Deloitte and Touche LLP as the independent accounting firm for the fiscal year 2025.

A non-binding advisory vote approving executive compensation was passed, while a proposal for additional executive stock retention requirements was rejected.

Analysts currently rate Advance Auto Parts stock as a Buy, with a price target of $55.00. However, experts are noting significant financial challenges, including negative profitability and weak cash flow.

Advance Auto Parts has faced operational issues recently. The company recently completed a store closure phase as part of its transformation plan and is now focusing on growth. Analysts predict a quarterly loss of 69 cents per share, a decline from a profit of 67 cents per share reported in the same quarter last year.

The current market cap for the company stands at $2.1 billion, and the stock price has dropped recently, closing at $31.31. The average target price offered by analysts is $39.68, suggesting a potential upside.

In a positive note, Advance Auto Parts forecasts revenues between $8.4 billion and $8.6 billion for the fiscal year, consistent with market expectations, and plans to open 30 new stores in 2025, indicating a commitment to expansion.