Advance Auto Parts Inc. (AAP) is a leading provider of automotive aftermarket parts in North America, serving both professional installers and do-it-yourself customers. The company is headquartered in Raleigh, North Carolina, and was founded in 1932 by Arthur Taubman. Since its establishment, the company has grown significantly, operating nearly 5,000 stores across the United States, Puerto Rico, and the U.S. Virgin Islands, along with over 1,000 independently-owned Carquest stores in these locations as well as in Canada and Mexico.
The company's primary and most recognized brands are Advance Auto Parts, Autopart International, Carquest, and Worldpac. AAP’s catalog offers an extensive range of replacement parts, accessories, and maintenance items, including batteries, brakes, and oil. It serves millions of customers annually, ranging from the individual car owner who repairs and maintains their own vehicle, to professional repair shop owners and mechanics.
AAP has always been committed to providing high-quality products and top-notch customer service. This commitment has not only helped AAP sustain its business over the years, but also allowed it to significantly expand its operations. The company's growth was further accelerated through strategic acquisitions, including General Parts International Inc., which owns Carquest, in 2013 and the acquisition of the DieHard brand in 2020, expanding their range and reach.
To facilitate customer convenience and enhance service delivery, the company also offers services such as in-store pickup or home delivery of goods, recycling of used motor oil, old batteries, etc, and installation of parts. They also provide a variety of free services in stores, such as battery testing and installation, check engine light testing, wiper blade installation, and more.
AAP is a member of the Fortune 500 and Russell 1000 Index. It trades on the New York Stock Exchange (NYSE) under the symbol AAP and is also a component of the S&P 500. Despite the challenging automotive aftermarket environment, the company has continued to display resilience, backed by its sound business strategies, wide geographic footprint, and diverse product portfolio, thereby solidifying its position in the market.