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Advance Auto Parts

  • Stores4.8 KFY, 2020
  • Revenue$10.1 BFY, 2020
  • Market Capitalization$11.3 B2022-05-26

OverviewSuggest Edit

Advance Auto Parts is an automotive aftermarket parts provider, serving both professional installers and “do-it-yourself” (DIY), customers as well as independently owned operators. Its stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company operates stores and branches primarily under the trade names Advance Auto Parts, Autopart International, Carquest, and Worldpac.
TypePublic
Founded1932
HQRoanoke, VA, USMap
Websitecorp.advanceautoparts.com
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Employees (est.) (Jan 2021)40,000(+3%)
Job Openings10,975
Revenue (FY, 2020)$10.1 B(+5%)
Share Price (May 2022)$190.9(+4%)
Cybersecurity ratingBMore
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Key People/Management at Advance Auto Parts

Mike Creedon

Mike Creedon

Executive Vice President, U.S. Stores
Tom Greco

Tom Greco

President and Chief Executive Officer
Bob Cushing

Bob Cushing

Executive Vice President, Professional
Joan Hilson

Joan Hilson

Director
Jeffrey J. Jones II

Jeffrey J. Jones II

Director
Tammy Moss Finley

Tammy Moss Finley

Executive Vice President, General Counsel and Corporate Secretary
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Advance Auto Parts Office Locations

Advance Auto Parts has offices in Roanoke and Raleigh
Roanoke, VA, US (HQ)
5008 Airport Rd NW
Raleigh, NC, US
2635 E Millbrook Rd
Raleigh, NC, US
4200 Six Forks Rd
Show all (3)

Advance Auto Parts Financials and Metrics

Advance Auto Parts Revenue

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Advance Auto Parts's revenue was reported to be $10.11 b in FY, 2020
USD

Revenue (FY, 2020)

10.1b

Gross profit (FY, 2020)

4.5b

Gross profit margin (FY, 2020), %

44.3%

Net income (FY, 2020)

493.0m

EBIT (FY, 2020)

749.9m

Market capitalization (26-May-2022)

11.3b

Closing stock price (26-May-2022)

190.9

Cash (2-Jan-2021)

835.0m

EV

13.6b
Advance Auto Parts's current market capitalization is $11.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

9.6b9.7b10.1b

Revenue growth, %

1%

Cost of goods sold

5.4b5.5b5.6b

Gross profit

4.2b4.3b4.5b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

2.9b2.3b2.3b3.0b2.3b2.3b2.7b2.5b2.5b

Cost of goods sold

1.6b1.3b1.3b1.6b1.3b1.3b1.5b1.4b1.4b

Gross profit

1.3b1.0b1.0b1.3b1.0b1.0b1.2b1.1b1.1b

Gross profit Margin, %

44%43%44%44%43%44%43%44%44%
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Annual
USDFY, 2018FY, 2019FY, 2020

Cash

896.5m418.7m835.0m

Accounts Receivable

625.0m689.5m750.0m

Inventories

4.4b4.4b4.5b

Current Assets

6.1b5.7b6.3b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

639.1m902.2m970.0m537.3m747.7m573.7m1.3b1.1b1.1b

Accounts Receivable

620.4m664.1m698.6m684.4m713.1m721.3m627.4m742.3m843.1m

Inventories

4.2b4.2b4.2b4.4b4.4b4.4b4.5b4.4b4.4b

Current Assets

5.6b5.9b6.0b5.8b6.0b5.8b6.6b6.4b6.4b
show all
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

423.8m486.9m493.0m

Depreciation and Amortization

238.2m238.4m250.1m

Inventories

(206.1m)(63.1m)(101.4m)

Accounts Payable

285.5m245.8m216.5m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

136.7m254.6m370.4m142.5m267.3m391.0m43.6m233.5m381.0m

Depreciation and Amortization

71.7m128.2m183.6m69.9m123.3m179.6m78.6m135.2m192.9m

Inventories

(64.4m)2.1m(22.9m)(68.7m)(5.7m)(25.0m)(104.9m)67.9m62.2m

Accounts Payable

(2.9m)19.1m131.6m102.9m142.0m227.8m(112.5m)(108.9m)106.8m
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USDQ1, 2019

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.4 x
Show all financial metrics

Advance Auto Parts Operating Metrics

Advance Auto Parts's Stores was reported to be 4.8 k in FY, 2020.
Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020

Stores

5.18 k5.16 k5.12 k4.97 k5.08 k5.06 k5.04 k4.88 k5.01 k4.99 k4.98 k4.81 k

Stores Opened

71118612162410

Stores Closed

153581385982285568

Vendors

1.1 k1.1 k1.1 k

Advance Auto Parts Acquisitions / Subsidiaries

Company NameDateDeal Size
DieHardDecember 23, 2019$200 m
General Parts International, Inc.October 16, 2013$2.04 b
B.W.P. Distributors, Inc.December 19, 2012
Autopart International, Inc.September 15, 2005
Carport Auto PartsMarch 15, 2001
AAP Financial Services, Inc.
Advance Auto Business Support, LLC
Advance Auto Innovations, LLC
Advance e-Service Solutions, Inc.
Advance Patriot, Inc.
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Advance Auto Parts Revenue Breakdown

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Advance Auto Parts revenue breakdown by business segment: 66.0% from Parts and Batteries, 12.0% from Engine Maintenance, 21.0% from Accessories and Chemicals and 1.0% from Other

Human Capital Metrics

Source: craft.co, craft.co
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Advance Auto Parts Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

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Advance Auto Parts Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Advance Auto Parts Online and Social Media Presence

Advance Auto Parts's Trends

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Advance Auto Parts News and Updates

May 23, 2022

Advance Auto Parts sees 'headwinds' from cooler, wet spring

Advance Auto Parts Inc. shares fell slightly more than 1% in the extended session Monday after the specialty retailer reported lower-than-expected adjusted profit in the first quarter. Advance Auto Parts earned $140 million, or $2.26 a share, in the quarter, compared with $186 million, or $2.81 a s…
February 18, 2022

Kessler Topaz Meltzer & Check, LLP announces settlement of In re Advance Auto Parts, Inc. Securities Litigation

WILMINGTON, Del., Feb. 18, 2022 /PRNewswire/ -- IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE IN RE ADVANCE AUTO PARTS, INC. SECURITIES LITIGATION Case No. 18-CV-00212-RTD-SRF CLASS ACTION SUMMARY NOTICE OF (I) PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT; (II)...
August 24, 2021

Advance Auto Parts beats profit expectations, while net sales match and same-store sales comes up a bit shy

Advance Auto Parts Inc. reported Tuesday reported fiscal second-quarter profit that topped expectations, but net sales that matched and same-store sales that came up shy, although the full-year outlook was raised. The auto parts seller's stock was still inactive in premarket trading. Net income for…
June 02, 2021

Advance Auto Parts adjusted profit more than triples and sales rise, beating expectations

Advance Auto Parts Inc. reported fiscal a first-quarter adjusted profit that more than tripled and beat expectations, boosted by record sales growth amid strong demand from do-it-yourself and professional customers. The auto parts retailer's stock was still inactive in premarket trading. Net income…
March 25, 2021

Foot Locker names Advance Auto Parts vet CFO

Foot Locker Inc. said Thursday that it has named Andrew Page chief financial officer, effective April 12. Page succeeds Lauren Peters, who had previously announced her retirement from the company. Page has nearly 30 years of experience, including his most recent post, chief accounting officer and c…
November 09, 2020

Braille Energy Systems Inc. Announces Its Replacement Lithium Batteries Now Available at Advance Auto Parts

OTTAWA, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Braille Energy Systems Inc. (formerly Mincom Capital Inc.) (TSX-V: BES) (“BESI” or the “Company”), announced today that the Company has been designated as a supplier of replacement lithium batteries to Advance Auto Parts thru Advance’s website.
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Advance Auto Parts Blogs

November 21, 2019

Advance Auto Parts to Begin Multi-Year Partnership with Team Penske During 2020 NASCAR Cup Series

Advance Auto Parts to Begin Multi-Year Partnership with Team Penske During 2020 NASCAR Cup Series melissa.oneil@… Thu, 11/21/2019 - 16:30 Advance Auto Parts to Begin Multi-Year Partnership with Team Penske During 2020 NASCAR Cup Series November 21, 2019 at 4:30 PM EST …
November 01, 2019

Advance Auto Parts Launches Integrated Training Curriculum to Serve the Full Life Cycle of Automotive Technicians

New learning management system introduces Career Pathways to help guide technician’s journey in the aftermarket RALEIGH, N.C. --(BUSINESS WIRE)--Nov. 1, 2019-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider, has launched a new learning management system
October 23, 2019

Q3 2019 Advance Auto Parts Earnings Conference Call

Q3 2019 Advance Auto Parts Earnings Conference Call melissa.oneil@… Wed, 10/23/2019 - 13:03 Q3 2019 Advance Auto Parts Earnings Conference Call Display "add to calendar" true Event Type Earnings Conference Call Click here for …
October 23, 2019

Elisabeth Eisleben

Elisabeth Eisleben melissa.oneil@… Wed, 10/23/2019 - 08:50 Elisabeth Eisleben Senior Vice President, Communications and Investor Relations Elisabeth Eisleben joined Advance Auto Parts in October 2017 and has served in her current role as…
October 01, 2019

Robert Speranza

Robert Speranza melissa.oneil@… Tue, 10/01/2019 - 11:06 Robert Speranza Senior Vice President, Strategy and Transformation Rob Speranza joined Advance Auto Parts in September 2018 and has held his position as Senior Vice President, Strate…

 Advance Auto Parts Frequently Asked Questions

  • When was Advance Auto Parts founded?

    Advance Auto Parts was founded in 1932.

  • Who are Advance Auto Parts key executives?

    Advance Auto Parts's key executives are Mike Creedon, Tom Greco and Bob Cushing.

  • How many employees does Advance Auto Parts have?

    Advance Auto Parts has 40,000 employees.

  • What is Advance Auto Parts revenue?

    Latest Advance Auto Parts annual revenue is $10.1 b.

  • What is Advance Auto Parts revenue per employee?

    Latest Advance Auto Parts revenue per employee is $252.7 k.

  • Who are Advance Auto Parts competitors?

    Competitors of Advance Auto Parts include Kirby Corporation, Genuine Parts Company and TravelCenters of America.

  • Where is Advance Auto Parts headquarters?

    Advance Auto Parts headquarters is located at 5008 Airport Rd NW, Roanoke.

  • Where are Advance Auto Parts offices?

    Advance Auto Parts has offices in Roanoke and Raleigh.

  • How many offices does Advance Auto Parts have?

    Advance Auto Parts has 3 offices.