Advance Auto Parts Inc - Company Profile
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Advance Auto Parts Inc (AAP) is a provider of automotive aftermarket parts. The company engages in supplying a wide range of automotive replacement parts, accessories, batteries, and maintenance items for various vehicles, including domestic and imported cars, vans, sport utility vehicles, and trucks. Its product offerings include parts and batteries, engine maintenance items, and accessories and chemicals. These products are offered under the brand Advance Auto Parts and Carquest. The company serves both professional installers and do-it-yourself customers, as well as independently owned operators. AAP operates through a network of retail stores, and offer its products and services to the US and Canada. AAP is headquartered in Raleigh, North Carolina, US.
Advance Auto Parts Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Parts and Batteries: | Battery and Wiper Installation | CARQUEST AUTO PARTS |
| Batteries and Battery Accessories | Check Engine Light Scanning | WORLDPAC |
| Belts and Hoses | Electrical System Testing | AUTOPART INTERNATIONAL |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In November, the company announced its plans to close more than 500 stores. |
| 2024 | Divestiture | In November, the company sold Worldpac to the funds managed by Carlyle for US$1.5 billion. |
| 2024 | Contracts/Agreements | In May, the company announced a collaboration with the Greencastle Police Department to improve vehicle safety within the community. |
Competitor Comparison
| Key Parameters | Advance Auto Parts Inc | AutoZone Inc | O'Reilly Automotive Inc | Uni-Select Inc. | National Automotive Parts Association LLC |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | Canada | United States of America |
| City | Raleigh | Memphis | Springfield | Boucherville | Atlanta |
| State/Province | North Carolina | Tennessee | Missouri | Quebec | Georgia |
| No. of Employees | 28,274 | 130,518 | 78,111 | 2,000 | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Shane M. O’Kelly | Chief Executive Officer; Director; President | Executive Board | 2023 | 56 |
| Ryan P. Grimsland | Chief Financial Officer; Executive Vice President | Senior Management | 2023 | 47 |
| Michael P. Beland | Chief Accounting Officer; Controller; Senior Vice President | Senior Management | 2025 | 54 |
| Shweta Bhatia | Chief Technology Officer; Executive Vice President | Senior Management | 2025 | 46 |
| Kristen L. Soler | Chief Human Resources Officer; Executive Vice President | Senior Management | 2023 | 48 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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