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Advance Auto

Advance Auto Parts Overview

(S&P Rated: Investment Grade BBB–)

Advance Auto Parts Inc. was founded in 1932 and is an automotive based retailer of aftermarket replacement parts, supplies and accessories in addition to being a provider of maintenance services. As of 2016, Advance Auto Parts operates over 5,100 stores in the United States, Canada, Puerto Rico, and the Virgin Islands.  After purchasing Carquest and WorldPac in 2013, AAP also serves 1,250 independently owned Carquest locations and 127 WorldPac locations. The company employs 74,000 team members over the 6,439 owned locations.   

Key Financials (2017)

Total Revenue:$9.37 billion
Year-Over-Year Revenue Growth:-2.03%
Gross Profit:$4.08 billion
Net Income:$475.5 million

Company Information

The Advance Auto Parts logo, a rated credit tenant in 1031Gateway's 1031 Exchange Investing Articles

Advance Auto Parts’ long-term strategy is to build an advantaged supply chain to distribute parts to customers efficiently as possible, guarantee professional service across all locations and online, grow and advantage their DIY market, and increase productivity by removing over $500 million in unnecessary costs without impacting customers.

AAP locations contain the deepest brand portfolio in the industry of automotive aftermarket parts, accessories, batteries, and more, made easily understandable for customers with “good,” “better,” and best” suggestions. Each location generally has two automotive maintenance experts that can assist customers and whatever automotive needs they may have.

Further Resources

  Company Site | Investor News & Annual Reports | NYSE: AAP

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Written By: Staff

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