Advance Auto Parts, Inc. provides 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 offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts. It also offers air conditioning chemicals and accessories; air fresheners; antifreeze and washer fluids; electrical wires and fuses; electronics; floor mats, seat covers, and interior accessories; hand and specialty tools; lighting products; performance parts; sealants, adhesives and compounds; tire repair accessories; vent shades, mirrors and exterior accessories; washes, waxes and cleaning supplies; and wiper blades. In addition, the company offers air filters; fuel and oil additives; fuel filters; grease and lubricants; motor oils; oil filters, part cleaners and treatments; and transmission fluids for engine maintenance. Further, it offers battery and wiper installation; engine light scanning and checking; electrical system testing; video clinic; oil and battery recycling; and loaner tool program services. Additionally, the company sells its products through its Website. It serves professional installers and do-it-yourself customers. The company operates stores under the Advance Auto Parts, Autopart International, and Carquest brands, as well as branches under the Worldpac name. As of January 2, 2021, it operated 4,806 stores and 170 branches in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada; and served 1,277 independently owned Carquest branded stores in Mexico, Grand Cayman, the Bahamas, Turks and Caicos, and the British Virgin Islands. The company was founded in 1929 and is based in Raleigh, North Carolina.
IPO Year:
Exchange: NYSE
Website: advanceautoparts.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/16/2024 | $40.00 | Neutral | ROTH MKM |
| 10/15/2024 | $55.00 | Neutral → Outperform | Wedbush |
| 3/19/2024 | $78.00 | Neutral | Mizuho |
| 12/13/2023 | Mkt Perform | William Blair | |
| 11/16/2023 | $60.00 → $43.00 | Neutral → Underperform | BofA Securities |
| 10/10/2023 | $55.00 | Market Perform | TD Cowen |
| 7/10/2023 | $130.00 → $50.00 | Neutral → Underweight | Atlantic Equities |
| 6/28/2023 | Neutral | Northcoast | |
| 6/1/2023 | $178.00 → $85.00 | Buy → Neutral | BofA Securities |
| 6/1/2023 | $165.00 → $84.00 | Overweight → Neutral | JP Morgan |
Announces Asset Optimization Program Targeting Reduction of 500 Corporate Stores, 200 Independently Owned Locations and Four Distribution Centers by Mid-2025 Introduces New Fiscal 2027 Financial Objectives Targeting Approximately 7% Adjusted Operating Income Margin (1) and Approximately 2.5x Debt Leverage Ratio; Provides Preliminary 2025 Guidance Identifies Over 500-basis points of Operating Margin Expansion Opportunity Through Fiscal 2027 With Focus on Core Retail Fundamental Excellence Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced its financial
Transaction strengthens balance sheet and liquidity with $1.5 billion of cash proceeds. Advance to provide an update on strategic priorities and financial objectives on November 14, 2024, in conjunction with third quarter 2024 results. Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, today announced the close of the sale of Worldpac, Inc. to global investment firm Carlyle (NASDAQ:CG). The sale agreement was announced on Aug. 22, 2024 with a transaction value of $1.5 billion. The company estimates net proceeds of approximately $1.2 billion after taxes and transacti
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, will report financial results for its third quarter ended October 5, 2024, before the market opens on Thursday, November 14, 2024. The company has scheduled a conference call and webcast to begin at 8:00 a.m. ET on Thursday, November 14, 2024. A live webcast will be available on the company's Investor Relations website (ir.AdvanceAutoParts.com). To join by phone, please pre-register online for dial-in and passcode information. Upon registering, participants will receive confirmation with call details and a registrant ID
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced its financial results for the second quarter ended July 13, 2024. "Our team delivered positive comparable sales growth while navigating a challenging demand environment during the second quarter. I would like to thank the team for their hard work and dedication to serving our customers," said Shane O'Kelly, president and chief executive officer. "We continue to make progress on our decisive actions with an increased focus on the Advance blended box. This morning, we announced the sale of Worldpac for $1.5 bill
Sale simplifies Advance's enterprise structure and sharpens focus on the blended box business Net proceeds to be used primarily to strengthen balance sheet and invest in the business Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced that it has entered into a definitive agreement to sell Worldpac, Inc., an automotive parts wholesale distribution business, to funds managed by global investment firm Carlyle (NASDAQ:CG) for $1.5 billion in cash. The transaction is expected to close before the end of the year. "We are pleased to announce the sale of the World
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, will report its second quarter 2024 results before the market opens on Thursday, August 22, 2024. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Thursday, August 22, 2024. The webcast will be accessible via the company's Investor Relations website (ir.AdvanceAutoParts.com). To join by phone, please pre-register online for dial-in and passcode information. Upon registering, participants will receive a confirmation with call details and a registrant ID. While regi
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that Ken Bush, senior vice president, chief merchant, will retire from the company after nearly 20 years and be succeeded by Bruce Starnes, who has been named executive vice president, chief merchant, effective June 24, 2024. Mr. Starnes, 48, who will lead all aspects of merchandising strategy, joins Advance from the Target Corporation where he spent nearly 20 years in a variety of product management roles of increasing responsibility. Most recently, he served as senior vice president, merchandising capa
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced its financial results for the first quarter ended April 20, 2024. "Our team continues to execute against our decisive actions, including commencing our supply chain consolidation and making meaningful progress toward the potential sale of Worldpac," said Shane O'Kelly, president and chief executive officer. "While the industry experienced a slower start to 2024 compared with our expectations, the actions we began in the back half of last year will help us streamline our operations for the long term. Our leader
Advance's "Check Your Battery, Not Your Bag" campaign offers free gift cards for road trip essentials and curbside services beginning National Road Trip Day – Friday, May 24 Americans seem to be hitting a breaking point with air travel, with 67 percent saying they've had a trip negatively impacted or ruined because of problems with air travel during the last 12 months,* according to new data from Atomik Research, released today by Advance Auto Parts (NYSE:AAP), a leading automotive aftermarket parts provider. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240520121364/en/Advance Auto Parts offers free curbside services includi
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, will report its first quarter results before the market opens on Wednesday, May 29, 2024. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Wednesday, May 29, 2024. The webcast will be accessible via the company's Investor Relations website (ir.AdvanceAutoParts.com). To join by phone, please pre-register online for dial-in and passcode information. Upon registering, participants will receive a confirmation with call details and a registrant ID. While registration is
10-Q - ADVANCE AUTO PARTS INC (0001158449) (Filer)
8-K - ADVANCE AUTO PARTS INC (0001158449) (Filer)
8-K - ADVANCE AUTO PARTS INC (0001158449) (Filer)
8-K - ADVANCE AUTO PARTS INC (0001158449) (Filer)
8-K - ADVANCE AUTO PARTS INC (0001158449) (Filer)
8-K - ADVANCE AUTO PARTS INC (0001158449) (Filer)
8-K - ADVANCE AUTO PARTS INC (0001158449) (Filer)
10-Q - ADVANCE AUTO PARTS INC (0001158449) (Filer)
8-K - ADVANCE AUTO PARTS INC (0001158449) (Filer)
8-K - ADVANCE AUTO PARTS INC (0001158449) (Filer)
Announces Asset Optimization Program Targeting Reduction of 500 Corporate Stores, 200 Independently Owned Locations and Four Distribution Centers by Mid-2025 Introduces New Fiscal 2027 Financial Objectives Targeting Approximately 7% Adjusted Operating Income Margin (1) and Approximately 2.5x Debt Leverage Ratio; Provides Preliminary 2025 Guidance Identifies Over 500-basis points of Operating Margin Expansion Opportunity Through Fiscal 2027 With Focus on Core Retail Fundamental Excellence Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced its financial
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, will report financial results for its third quarter ended October 5, 2024, before the market opens on Thursday, November 14, 2024. The company has scheduled a conference call and webcast to begin at 8:00 a.m. ET on Thursday, November 14, 2024. A live webcast will be available on the company's Investor Relations website (ir.AdvanceAutoParts.com). To join by phone, please pre-register online for dial-in and passcode information. Upon registering, participants will receive confirmation with call details and a registrant ID
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced its financial results for the second quarter ended July 13, 2024. "Our team delivered positive comparable sales growth while navigating a challenging demand environment during the second quarter. I would like to thank the team for their hard work and dedication to serving our customers," said Shane O'Kelly, president and chief executive officer. "We continue to make progress on our decisive actions with an increased focus on the Advance blended box. This morning, we announced the sale of Worldpac for $1.5 bill
Sale simplifies Advance's enterprise structure and sharpens focus on the blended box business Net proceeds to be used primarily to strengthen balance sheet and invest in the business Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced that it has entered into a definitive agreement to sell Worldpac, Inc., an automotive parts wholesale distribution business, to funds managed by global investment firm Carlyle (NASDAQ:CG) for $1.5 billion in cash. The transaction is expected to close before the end of the year. "We are pleased to announce the sale of the World
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, will report its second quarter 2024 results before the market opens on Thursday, August 22, 2024. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Thursday, August 22, 2024. The webcast will be accessible via the company's Investor Relations website (ir.AdvanceAutoParts.com). To join by phone, please pre-register online for dial-in and passcode information. Upon registering, participants will receive a confirmation with call details and a registrant ID. While regi
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced its financial results for the first quarter ended April 20, 2024. "Our team continues to execute against our decisive actions, including commencing our supply chain consolidation and making meaningful progress toward the potential sale of Worldpac," said Shane O'Kelly, president and chief executive officer. "While the industry experienced a slower start to 2024 compared with our expectations, the actions we began in the back half of last year will help us streamline our operations for the long term. Our leader
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, will report its first quarter results before the market opens on Wednesday, May 29, 2024. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Wednesday, May 29, 2024. The webcast will be accessible via the company's Investor Relations website (ir.AdvanceAutoParts.com). To join by phone, please pre-register online for dial-in and passcode information. Upon registering, participants will receive a confirmation with call details and a registrant ID. While registration is
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the fourth quarter and full year ended December 30, 2023. "As we closed out 2023, we continued to act with a sense of urgency to stabilize the business and position the company to return to profitable growth," said Shane O'Kelly, president and chief executive officer. "Our full year results are well below our expectations, and we are focused on instilling greater discipline and accountability both in the fundamental business and in how the organization executes across the board. In a
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, will report its fourth quarter and full year 2023 results before the market opens on Wednesday, February 28, 2024. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Wednesday, February 28, 2024. The webcast will be accessible via the company's Investor Relations website (ir.AdvanceAutoParts.com). To join by phone, please pre-register online for dial-in and passcode information. Upon registering, participants will receive a confirmation with call details and a regist
Q3 Net Sales Increased 2.9% to $2.7 Billion; Comparable Store Sales Increased 1.2% Executing on New $150 Million Cost Reduction Program Initiates Sale Processes for Worldpac and Canadian Business Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the third quarter ended October 7, 2023. "Since joining Advance, I have partnered with the board and management team to move with speed in conducting a comprehensive review of the business," said Shane O'Kelly, president and chief executive officer. "We are taking decisive actions to p
ROTH MKM resumed coverage of Advance Auto with a rating of Neutral and set a new price target of $40.00
Wedbush upgraded Advance Auto from Neutral to Outperform and set a new price target of $55.00
Mizuho initiated coverage of Advance Auto with a rating of Neutral and set a new price target of $78.00
William Blair resumed coverage of Advance Auto with a rating of Mkt Perform
BofA Securities downgraded Advance Auto from Neutral to Underperform and set a new price target of $43.00 from $60.00 previously
TD Cowen initiated coverage of Advance Auto with a rating of Market Perform and set a new price target of $55.00
Atlantic Equities downgraded Advance Auto from Neutral to Underweight and set a new price target of $50.00 from $130.00 previously
Northcoast initiated coverage of Advance Auto with a rating of Neutral
BofA Securities downgraded Advance Auto from Buy to Neutral and set a new price target of $85.00 from $178.00 previously
JP Morgan downgraded Advance Auto from Overweight to Neutral and set a new price target of $84.00 from $165.00 previously
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Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that Ken Bush, senior vice president, chief merchant, will retire from the company after nearly 20 years and be succeeded by Bruce Starnes, who has been named executive vice president, chief merchant, effective June 24, 2024. Mr. Starnes, 48, who will lead all aspects of merchandising strategy, joins Advance from the Target Corporation where he spent nearly 20 years in a variety of product management roles of increasing responsibility. Most recently, he served as senior vice president, merchandising capa
One winner and a guest will "Do the Double" by attending the Greatest Spectacle in Racing® before traveling to Charlotte for NASCAR's 600-mile race Advance Auto Parts (NYSE:AAP), a leading automotive aftermarket parts provider, the official auto parts retailer of NASCAR, and official partners of the NTT INDYCAR SERIES and Indianapolis Motor Speedway, is kicking off the summer travel season by offering its Speed Perks loyalty rewards members the chance to win a bucket-list motorsports experience to "Do the Double." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240501521239/en/ On May 26, Advance will send one winner and their
Enters into Cooperation Agreement with Third Point LLC and Saddle Point Management L.P. Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that it has appointed A. Brent Windom, Gregory L. Smith and Thomas W. Seboldt as independent directors to the Advance Auto Parts board, effective immediately. In connection with these appointments, the company has entered into a cooperation agreement with Third Point LLC (together with its affiliates, "Third Point") and Saddle Point Management, L.P. (together with its affiliates, "Saddle Point"). "We are pleased to
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that it has appointed Elizabeth Dreyer as senior vice president, controller and chief accounting officer, effective January 9, 2024. In this role, Dreyer will be responsible for enterprise-wide accounting operations, tax, external financial reporting and all related compliance. "I'm excited to welcome Elizabeth to the Advance family as our new chief accounting officer," said Ryan Grimsland, executive vice president and chief financial officer. "Elizabeth's breadth of experience in financial management wi
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Dec. 08, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Advance Auto Parts, Inc. (NYSE:AAP) investors that a lawsuit filed on behalf of investors that purchased AAP securities between Nov. 16, 2022 and May 30, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover t
Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that it has appointed Ryan Grimsland as executive vice president and chief financial officer, effective November 27, 2023. Tony Iskander, who has served as interim chief financial officer since August 2023 will continue in his role as senior vice president, finance and treasurer. "I am excited to welcome Ryan to the Advance family and look forward to partnering with him as we begin a new chapter in the company's 90-year history," said Shane O'Kelly, president and CEO. "Following a robust search, we are c
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Nov. 13, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Advance Auto Parts, Inc. (NYSE:AAP) investors that a lawsuit filed on behalf of investors that purchased AAP securities between Nov. 16, 2022 and May 30, 2023, inclusive (the "Class Period") Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover th
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Nov. 07, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Advance Auto Parts, Inc. (NYSE:AAP) investors that a lawsuit filed on behalf of investors that purchased AAP securities between Nov. 16, 2022 and May 30, 2023, inclusive (the "Class Period") Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover the
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Oct. 18, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Advance Auto Parts, Inc. (NYSE:AAP) investors that a lawsuit filed on behalf of investors that purchased AAP securities between Nov. 16, 2022 and May 30, 2023, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their
Appoints Shane O'Kelly as President and Chief Executive Officer Names Tony Iskander as Interim Chief Financial Officer Advance Auto Parts, Inc. (NYSE:AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that its board of directors has appointed Shane O'Kelly as president and chief executive officer, effective September 11, 2023. Mr. O'Kelly will succeed Tom Greco, who has served as president and CEO since April 2016. Mr. Greco announced his planned retirement in February 2023 and will stay on as an advisor to ensure a seamless transition. Mr. O'Kelly has also been appointed to the A
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Evercore ISI Group analyst Greg Melich maintains Advance Auto Parts (NYSE:AAP) with a In-Line and lowers the price target from $70 to $68.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler raised the price target for Atlassian Corporation (NASDAQ:TEAM) from $200 to $225. Piper Sandler analyst Rob Owens upgraded the stock from Neutral to Overweight. Atlassian shares gained 2.4% to close at $182.57 on Tuesday. See how other analysts view this stock. Needham increased the price target for Universal Display Corporation (NASDAQ:OLED) from $198 to $242. Needham analyst James Ricchiuti maintained a Buy rating. Universal Display shares gained 2.1% to close at $212.98 on Tuesday
Evercore ISI Group analyst Greg Melich maintains Advance Auto Parts (NYSE:AAP) with a In-Line and lowers the price target from $73 to $70.
Private software company CDK Global is reportedly looking to get car dealerships back online on its dealer management system (DMS) by July 4th, days after cyberattacks against the company left U.S. dealers in a fix. What Happened: All dealer connections are expected to be live on the DMS by late Wednesday, June 3, or early Morning Thursday, June 4, reported The Verge, citing CDK Global spokesperson Lisa Finney. The personnel behind the cyberattack are reportedly linked to a group called BlackSuit. “We are continuing our phased approach to the restoration process and are rapidly bringing dealers live on the Dealer Management System (DMS),” Finney said. The company is working on
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA CALL SWEEP BEARISH 06/28/24 $185.00 $48.8K 19.3K 29.9K AMZN CALL TRADE BEARISH 06/21/24 $175.00
Evercore ISI Group analyst Greg Melich maintains Advance Auto Parts (NYSE:AAP) with a In-Line and raises the price target from $72 to $73.
A cyber incident at automotive data provider CDK Global, whose software is utilized by auto dealers, disrupted operations on Wednesday across the U.S. and Canada. What Happened: The company, which was purchased by Brookfield Business Partners (NYSE:BBU) in 2022 for more than $8 billion, is “actively investigating” the issue, CNN reported. A CDK spokesperson confirmed that most of the company’s systems were shut down as a precaution to protect customer data. Efforts are currently underway to restore functionality. See Also: Extreme Heat Waves Set To Drive Up US Natural Gas Prices – 10 Energy Stocks To Watch This Summer Why It Matters: CDK Global prides itself on providing techno
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Mizuho analyst David Bellinger maintains Advance Auto Parts (NYSE:AAP) with a Neutral and lowers the price target from $78 to $64.