Profile: Advance Auto Parts Inc (AAP)
18 Aug 2017
Advance Auto Parts, Inc., incorporated on August 1, 2001, provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company's stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label 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 serves its Professional and DIY customers through various channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites. As of December 31, 2016, the Company operated 5,062 total stores and 127 branches primarily under the trade names Advance Auto Parts, Autopart International, Carquest and Worldpac. As of December 31, 2016, the Company's Advance Auto Parts operations consisted of three geographic divisions, which included the operations of the stores operating under the Advance Auto Parts, Carquest and Autopart International trade names. The Company's e-commerce platforms, primarily consisting of its online Websites and Professional ordering platforms, are part of its integrated operating approach of serving its Professional and DIY customers. The Company's online Websites allow its DIY customers to pick up merchandise at a store or have their purchases shipped directly to them. The majority of the Company's online DIY sales are picked up at store locations. Through the Company's online ordering platforms, Professional customers can place orders with a designated store location for delivery to their places of business or pick-up.
The Company's categories of products include Parts and Batteries, accessories and chemicals, and Engine Maintenance. Its Parts and Batteries include Batteries and battery accessories, Belts and hoses, Brakes and brake pads, Chassis parts, Climate control parts, Clutches and drive shafts, Engines and engine parts, Exhaust systems and parts, Hub assemblies, Ignition components and wire, Radiators and cooling parts, Starters and alternators, and Steering and alignment parts. It accessories and chemicals include air fresheners, Antifreeze and washer fluid, Electrical wire and fuses, Electronics, Floor mats, seat covers and interior accessories, Hand and specialty tools, Lighting, Performance parts, Sealants, adhesives and compounds, Tire repair accessories, Vent shades, mirrors and exterior accessories, Washes, waxes and cleaning supplies, and Wiper blades. Its Engine Maintenance products include Air filters, Fuel and oil additives, Fuel filters, Grease and lubricants, Motor Oil, Oil filters, Part cleaners and treatments and Transmission fluid. The Company provides a range of services in its stores to its customers, including battery and wiper installation; battery charging; check engine light reading; electrical system testing, such as batteries, starters, alternators and sensors; how-to video clinics; oil and battery recycling, and loaner tool programs.
Advance Auto Parts
As of December 31, 2016, the Company's Advance Auto Parts consisted of 4,273 stores with focus on both Professional and DIY customers. As of December 31, 2016, the average size of an Advance store was approximately 7,500 square feet. These stores carry a range of products serving aftermarket auto part needs for both domestic and import vehicles. As of December 31, 2016, its Advance Auto Parts stores carried a product offering of approximately 23,000 stock keeping units (SKUs) consisting of a custom mix of product based on each store's respective market.
As of December 31, 2016, the Company's Carquest consisted of 38 stores in Canada with a focus on Professional customers and DIY customers. As of December 31, 2016, the average size of a Carquest store was approximately 7,600 square feet. As of December 31, 2016, these stores carried a range product serving the aftermarket auto part needs for both domestic and import vehicles with a product offering of approximately 23,000 SKUs. As of December 31, 2016, Carquest also served approximately 1,250 independently-owned stores, which operate under the Carquest name.
As of December 31, 2016, the Company's Worldpac consisted of 127 branches, which serve Professional customers utilizing an online ordering and fulfillment system. As of December 31, 2016, the Worldpac store was approximately 27,000 square feet in size. Worldpac specializes in imported, OEM parts. As of December 31, 2016, Worldpac's product offering included over 120,000 SKUs for over 40 import and domestic vehicle carlines.
As of December 31, 2016, the Company's Autopart International (AI) consisted of 181 stores operating in the Northeastern and Mid-Atlantic regions of the United States focusing on the Professional customer. These stores specialize in imported aftermarket and private label branded auto parts. As of December 31, 2016, The AI stores offered approximately 41,000 SKUs through routine replenishment from its supply chain.
The Company competes with AutoZone, Inc., NAPA, O'Reilly Automotive, Inc., The Pep Boys-Manny, Moe & Jack, and Auto Plus.
Advance Auto Parts Inc
5008 Airport Rd NW
ROANOKE VA 24012-1601
Company Web Links
- BRIEF-Advance Auto Parts Q2 GAAP earnings per share $1.17
- US STOCKS-S&P, Dow flat as energy drags; Fed minutes awaited
- BRIEF-Advance Auto Parts CEO Thomas Greco's 2016 total compensation was $22.8 mln
- BRIEF-Advance Auto Parts CEO Greco's 2016 total compensation $22.8 mln
- BRIEF-Advance Auto Parts is accelerating growth and plans to open new stores in 2017