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 (AAP) delivers essential automotive solutions through its network of retail stores and digital platforms, serving professional installers and DIY customers across North America. This news hub provides investors and industry professionals with timely updates on corporate developments shaping the automotive aftermarket sector.
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Bookmark this page for streamlined access to Advance Auto Parts' latest communications. Check regularly for updates on inventory expansions, technological integrations, and other developments critical to understanding AAP's role in the evolving automotive repair ecosystem.
Advance Auto Parts, Inc. (NYSE: AAP) will report its second quarter 2021 results on August 24, 2021, before the market opens. The webcast will begin at 8:00 a.m. Eastern Time, and interested parties can access it on the company's Investor Relations website. As of April 24, 2021, Advance operates 4,793 stores across the U.S., Canada, Puerto Rico, and the U.S. Virgin Islands, in addition to 1,285 independently owned Carquest branded stores in various locations including Mexico and the Caribbean.
Advance Auto Parts (NYSE:AAP) has entered into a business agreement with Baxter Auto Parts to convert 29 stores in the Pacific Northwest to Carquest locations. Store conversions will start in late June and continue through September, with Baxter retaining ownership as part of Carquest’s independent owner network. This move aims to strengthen Advance's market presence in the western U.S., following a similar agreement to lease 109 former Pep Boys locations in California. Both companies anticipate enhanced customer service and product offerings at these rebranded locations.
Advance Auto Parts (AAP) reported strong Q1 2021 results, with net sales up 23.4% to $3.3 billion and comparable store sales increasing 24.7%. Adjusted operating income surged 164.0% to $298.8 million, with a margin expansion of 478 basis points. The diluted EPS increased by 346.0% to $2.81. The company generated $259 million in free cash flow and returned $204 million to shareholders through repurchases and dividends. AAP also announced a new $1 billion share repurchase authorization and a dividend increase.
Advance Auto Parts, Inc. (NYSE: AAP) will announce its Q1 2021 results on June 2, 2021, before market opening. A webcast will begin at 8:00 a.m. ET, accessible via the company’s Investor Relations site. Notably, Advance Auto Parts operates 4,806 stores and 170 Worldpac branches across the U.S., Canada, Puerto Rico, and U.S. Virgin Islands, along with 1,277 independently owned Carquest stores in several countries. Investors and interested parties are encouraged to join the call and can find further details on the company’s website.
Advance Auto Parts has awarded Berlin Raceway $50,000 as the winner of the 'Advance My Track Challenge', following a fan voting event. The raceway received the most votes among six NASCAR-sanctioned tracks in the final round held May 9-10. In addition, Hudson Speedway and Alaska Raceway Park received $15,000 and $10,000, respectively, for their second and third-place finishes. The initiative, part of Advance's support for grassroots racing, saw participation from 22 tracks starting March 24, with plans to return next year, enhancing local racing communities and offering economic benefits.
Advance Auto Parts (NYSE: AAP) launches its 'Road Trip Ready' sweepstakes, inviting families to win travel-themed prizes this summer. The grand prize includes a 2021 Coleman Lantern travel trailer, a $500 fuel card, a $500 Camping World gift card, and a $500 Advance Auto Parts gift card. Five additional winners will receive vacation packages to popular destinations. The contest runs until May 31, 2021. Advance Auto Parts supports motorists with free curbside services and offers a variety of automotive parts to ensure vehicles are road trip ready.
Advance Auto Parts (NYSE: AAP) announced a $1 billion increase in its share repurchase authorization, raising the total to approximately $1.3 billion. The Board also declared a quarterly cash dividend of $1.00 per share, up from $0.25, payable July 2, 2021. CEO Tom Greco highlighted the company's robust 2020 results and strong financial position. For 2021, the company projects comparable store sales growth of 22% to 24% in Q1 and increased full-year guidance, signaling confidence in its strategic initiatives and financial health.
Advance Auto Parts (NYSE: AAP) reported strong Q1 2021 estimated results prior to its virtual strategy presentation on April 20, 2021. The company anticipates comparable store sales growth of 22%-24%, with a two-year stack growth of 13%-15%. Adjusted operating income margin is projected between 8.5%-8.7%. The company's buyback program has returned approximately $170 million through the repurchase of 1.1 million shares. CEO Tom Greco highlighted the positive impact of government stimulus, favorable weather, and increased driving as factors contributing to growth.
