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Advance Auto Parts Inc - AAP STOCK NEWS

Welcome to our dedicated page for Advance Auto Parts news (Ticker: AAP), a resource for investors and traders seeking the latest updates and insights on Advance Auto Parts stock.

Advance Auto Parts, Inc. (NYSE: AAP) is a leading automotive aftermarket parts provider in North America, serving both professional installers and do-it-yourself customers. Founded in Roanoke, VA in 1932, the company operates more than 5,100 stores across the United States, Canada, Puerto Rico, and the Virgin Islands under four brands: Advance Auto Parts, Carquest Auto Parts, Worldpac, and Autopart International. With a team of over 70,000 knowledgeable and dedicated employees, Advance Auto Parts is committed to offering exceptional service and automotive solutions.

The company's core business involves providing a wide range of automotive parts and accessories. It boasts a significant presence in the professional channel, which accounts for about 60% of its sales, while the remaining 40% is geared towards the do-it-yourself market. The robust inventory management system and vast distribution network ensure that customers have access to thousands of stock-keeping units fitting various vehicle makes and models.

Recent achievements include the recognition of several vendor partners during its annual Partner Summit, where National Refrigerants was awarded the 2023 Vendor of the Year for its contributions to Advance's chemicals business. The company is also executing a $150 million cost reduction program and has initiated the sale processes for Worldpac and its Canadian business as part of its strategic review aimed at long-term growth and value creation for shareholders.

Advance Auto Parts is actively involved in community support, evidenced by the Advance Auto Parts Foundation’s recent $1.75 million donation to organizations supporting veterans. The company also maintains a strong focus on technological integration to enhance operational efficiencies and customer experience.

For more information, visit www.AdvanceAutoParts.com.

News

Advance Auto Parts Announces Date for Its Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

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Advance Auto Parts, Inc. (AAP) will release its Q4 and full year 2023 results on February 28, 2024. The event can be accessed via webcast or phone. Registration is recommended in advance for call participation.
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Advance Auto Parts Puts a Charge in American Motorists on National Battery Day With Free DieHard® Auto Batteries Giveaway and Complimentary Battery Testing Nationwide Feb. 18

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A recent survey highlights that 91% of motorists have faced dead battery issues, with 63% not considering it a serious problem. This data sheds light on the common occurrence of battery-related car troubles among drivers.
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Advance Auto Parts Foundation Announces $1.75 Million In Gifts to Aid Military Veterans

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The Advance Auto Parts Foundation (AAPF) has announced gifts totaling $1.75 million to nonprofit organizations supporting women veterans, injured veterans, and veterans at risk for suicide. The gifts were made possible by donations from over 100 Advance Auto Parts supplier partners. This is the second year AAPF has made gifts to these organizations, totaling $3.75 million during that time. The gifts will support critical needs within the veteran community, including meaningful employment, appropriate housing, and mental health care. Hire Heroes USA, Building Homes for Heroes, and Stop Soldier Suicide are among the organizations receiving the gifts, with specific programs and initiatives being funded to provide support for veterans in need. The president of Advance Auto Parts Foundation, Elisabeth Eisleben, expressed pride in the partnership with suppliers to support the veteran community and emphasized the life-changing impact these gifts will have on deserving veterans across the U.S.
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Advance Auto Parts Names Elizabeth Dreyer Chief Accounting Officer

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Advance Auto Parts, Inc. (NYSE: AAP) appoints Elizabeth Dreyer as senior vice president, controller, and chief accounting officer. Dreyer brings 30 years of accounting and finance experience to the role, having served in similar capacities at public companies like Amyris, Inc., Travel + Leisure Co., and Energizer Holdings. She will be responsible for enterprise-wide accounting operations, tax, external financial reporting, and compliance.
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Advance Auto Parts Appoints Ryan Grimsland as Executive Vice President and Chief Financial Officer

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Advance Auto Parts, Inc. (NYSE: AAP) has appointed Ryan Grimsland as executive vice president and chief financial officer, effective November 27, 2023. The company also announced the elimination of the position of executive vice president, merchandising, marketing, and e-commerce, currently held by Jason McDonell. Mr. McDonell will depart from the company effective December 1, 2023.
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Advance Auto Parts Reports Third Quarter 2023 Results and Provides Updates on Strategic and Operational Review

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Advance Auto Parts, Inc. (NYSE: AAP) reported a 2.9% increase in Q3 net sales to $2.7 billion, with a 1.2% growth in comparable store sales. The company is executing a new $150 million cost reduction program and initiating sales processes for Worldpac and Canadian business. Despite a decrease in gross profit and operating loss, the company's effective tax rate and diluted loss per share improved. The company has engaged Centerview Partners for the sale processes and declared a regular cash dividend of $0.25 per share. The full-year 2023 guidance has been adjusted due to non-recurring expenses and continued pressure from higher product costs.
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Advance Auto Parts Announces Date for Its Third Quarter 2023 Earnings Release and Conference Call

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Advance Auto Parts to report Q3 2023 results on November 15, 2023
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Advance Auto Parts Names National Refrigerants 2023 Vendor Partner of the Year

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Advance Auto Parts presents Vendor of the Year Awards at annual Partner Summit
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Advance Auto Parts Announces Executive Leadership Changes

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Advance Auto Parts appoints Shane O’Kelly as President and CEO, and Tony Iskander as Interim CFO
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Advance Auto Parts Reports Second Quarter 2023 Results

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Advance Auto Parts Q2 net sales increased 0.8% to $2.7 billion, but comparable store sales decreased 0.6%. Operating income was $134.4 million, with an operating income margin of 5.0%. The company has initiated a comprehensive operational and strategic review. Early signs of improvement in topline sales and transactions. Full-year guidance updated with reduced outlook for operating income, diluted EPS, and free cash flow.
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FAQ

What is the current stock price of Advance Auto Parts (AAP)?

The current stock price of Advance Auto Parts (AAP) is $43.44 as of February 21, 2025.

What is the market cap of Advance Auto Parts (AAP)?

The market cap of Advance Auto Parts (AAP) is approximately 2.6B.

What is Advance Auto Parts' primary business?

Advance Auto Parts provides a wide range of automotive aftermarket parts and accessories, serving both professional installers and do-it-yourself customers.

How many stores does Advance Auto Parts operate?

Advance Auto Parts operates more than 5,100 stores across the United States, Canada, Puerto Rico, and the Virgin Islands.

What percentage of Advance Auto Parts' sales come from professional channels?

Approximately 60% of Advance Auto Parts' sales are geared toward the professional channel, while the remaining 40% serve the do-it-yourself market.

What recent achievements has Advance Auto Parts made?

Advance Auto Parts recently recognized several vendor partners during its annual Partner Summit and executed a $150 million cost reduction program.

What is the Advance Auto Parts Foundation?

The Advance Auto Parts Foundation is the charitable arm of the company, focusing on community health, veterans’ needs, and career training programs.

Who are some of the vendor partners recognized by Advance Auto Parts?

Recent awardees include National Refrigerants for its contributions to the chemicals business and Amalie Oil Company for maintaining exemplary in-stock levels.

What strategic actions is Advance Auto Parts currently undertaking?

Advance Auto Parts is executing a $150 million cost reduction program and has initiated the sale processes for Worldpac and its Canadian business.

How is Advance Auto Parts involved in community support?

The Advance Auto Parts Foundation recently donated $1.75 million to organizations supporting veterans, showcasing the company's commitment to community support.

What opportunities does Advance Auto Parts offer for employment?

Advance Auto Parts provides various career opportunities across its stores, distribution centers, and corporate offices, focusing on professional growth and development.

Where can I find more information about Advance Auto Parts?

More information about Advance Auto Parts, including employment opportunities and online shopping options, can be found at www.AdvanceAutoParts.com.
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Advance Auto Parts Inc

NYSE:AAP

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AAP Stock Data

2.65B
58.89M
1.1%
117.02%
17.73%
Specialty Retail
Retail-auto & Home Supply Stores
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United States
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