Profile: Advance Auto Parts Inc (AAP.N)
2 Dec 2016
Advance Auto Parts, Inc., incorporated on August 1, 2001, provides automotive aftermarket parts in North America, serving do-it-for-me (commercial) and do-it-yourself (DIY), customers, as well as independently owned operators. 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 commercial customers and DIY customers through various channels ranging from traditional brick and mortar store locations to self-serving e-commerce sites. The Company operates approximately 5,170 total stores and over 120 branches, which operate in the United States, Canada, Puerto Rico and the United States Virgin Islands under the names Advance Auto Parts, Autopart International (AI), Carquest and Worldpac. The Company's Advance Auto Parts operations consist of approximately five geographic areas, which include the operations of the stores operating under the Advance Auto Parts, Carquest and AI names.
The Company's categories of products include parts, accessories, chemicals and oil. It offers parts, which include alternators, batteries, belts and hoses, brakes and brake pads, chassis parts, climate control parts, clutches, driveshafts, engines and engine parts, ignition parts, lighting, radiators, starters, spark plugs and wires, steering and alignment parts, transmissions, water pumps and windshield wiper blades. It accessories include air fresheners, automotive paint, anti-theft devices, emergency road kits, floor mats, ice scrapers, mirrors, seat and steering wheel covers, and vent shades. Its chemicals products include antifreeze, brake and power steering fluid, car washes and waxes, freon, fuel additives, and windshield washer fluid. It offers oil, transmission fluid and other automotive petroleum products. The Company also offers other miscellaneous offerings, including e-services. 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, including batteries, starters, alternators and sensors; how-to video clinics; oil and battery recycling, and loaner tool programs.
The Company's e-commerce platforms consist of its online Websites and commercial ordering platforms. The Company's online Websites allow its DIY customers to pick up merchandise at store location 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, Commercial customers can place orders with a designated store location for delivery to their places of business or pick-up.
Advance Auto Parts
The Company's Advance Auto Parts consists of approximately 4,100 stores with focus on both commercial and DIY customers. The average size of an Advance store is approximately 7,500 square feet. These stores carry a range of products serving aftermarket auto part needs for both domestic and import vehicles. Its Advance Auto Parts stores carry a product offering of approximately 22,000 stock keeping units (SKUs) consisting of a custom mix of product based on each store's respective market.
The Company's Carquest consists of approximately 870 stores with focus on commercial customers and serving DIY customers. The average size of a Carquest store is approximately 7,400 square feet. These stores carry a range product serving the aftermarket auto part needs for both domestic and import vehicles with a product offering of approximately 23,000 SKUs. Carquest also serves approximately 1,300 independently owned stores, which operate under the Carquest name. It also operates approximately 10 stores under the Carquest name.
The Company's Worldpac consists of approximately 120 branches, which serve Commercial customers utilizing an online ordering and fulfillment system. The Worldpac store is approximately 27,000 square feet in size. Worldpac specializes in imported, OEM parts. Worldpac's product offering includes over 100,000 SKUs for approximately 40 import and domestic vehicle carlines.
The Company's Autopart International consists of approximately 180 stores operating in the Northeastern and Mid-Atlantic regions of the United States focusing on the Commercial customer. These stores specialize in imported aftermarket and private label branded auto parts. The AI stores offer approximately 39,000 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