Schonfeld Strategic Advisors 13F: Adds $3.8M to AAP Stake

Schonfeld Strategic Advisors increased its holdings in Advance Auto Parts, Inc. (NYSE: AAP) by 45.9% during the first quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The fund added 61,837 shares of the automotive aftermarket parts provider, bringing its total position to 196,450 shares. At the close of the reporting period, the fund's total investment was valued at approximately $12.23 million.

Schonfeld Strategic Advisors is known as a multi-manager platform that utilizes quantitative and fundamental trading strategies to capture market inefficiencies. This recent purchase of Advance Auto Parts shares aligns with the firm's active trading style, building on other mid-sized positions it has expanded or initiated recently, including moves in BioCryst Pharmaceuticals and Braze.

Advance Auto Parts Stock Performance

Shares of Advance Auto Parts traded at $62.24 on Saturday. The stock has been trading with positive momentum, sitting above its 50-day moving average of $50.22 and its 200-day moving average of $51.91. Over the last year, the stock has traded as low as $37.89 and as high as $65.20. The company's current market valuation stands at $2.48 billion, and the stock trades at a price-to-earnings (P/E) ratio of 22.91.

Recent Earnings

Advance Auto Parts last reported quarterly revenue of $8.62 billion, which represents a slight year-over-year revenue decline of 0.5%. The company posted earnings per share (EPS) of $1.79, with a return on equity of 4.89% and a net profit margin of 0.99%. The company is scheduled to deliver its next quarterly earnings results on November 5, 2026.

Dividend

The retailer continues to return capital to its shareholders through its quarterly dividend program. Advance Auto Parts currently pays an annual dividend of $1.00 per share, which represents a dividend yield of 2.35%. The company's dividend payout ratio stands at 55.87%, indicating that it uses just over half of its earnings to cover its dividend distributions.

Analysts Set New Price Targets

Wall Street analysts have maintained a cautious view on the retailer. On October 6, 2026, Evercore ISI Group maintained an In-Line rating on the stock and lowered its target to $45.00. Earlier, on August 21, 2026, several firms updated their views: Citigroup maintained a Neutral rating with a target of $45.00, Goldman Sachs kept a Sell rating with a target of $40.00, Truist Securities maintained a Hold rating with a target of $43.00, and JP Morgan kept a Neutral rating with a target of $55.00. Additionally, UBS held a Neutral rating with a target of $47.00, while Barclays and Wells Fargo both maintained Equal-Weight ratings with a price target of $50.00. Currently, the stock holds a consensus "hold" recommendation from 19 analysts, with a mean price target of $50.21.

About Advance Auto Parts

Advance Auto Parts operates as a provider of automotive aftermarket parts, serving both professional installers and do-it-yourself customers. Established in 1929 and based in Raleigh, North Carolina, the company offers everything from engine parts, brakes, and batteries to detailing supplies and basic maintenance fluids. It operates thousands of retail stores and independently owned Carquest locations throughout North America and the Caribbean.

What's Ahead for Advance Auto Parts, Inc.

Investors will want to watch how the company performs in its upcoming earnings release on November 5, 2026, to see if cost-saving initiatives and supply chain improvements are bolstering profit margins. Because 13F filings are backward-looking and are disclosed weeks after the quarter ends, they show what Schonfeld Strategic Advisors held at that specific moment and may not reflect its current portfolio strategy today.