AAP

Advance Auto Parts Inc. is one of the largest automotive aftermarket parts retailers in North America, operating thousands of stores across the United States, Canada, Puerto Rico, and the U.S. Virgin Islands. The company serves both professional installers and do-it-yourself customers, offering a comprehensive range of automotive parts, accessories, batteries, and maintenance items. Advance Auto Parts operates under multiple banners including Advance Auto Parts, Carquest, and Worldpac. The professional segment, serving repair shops and technicians, represents a significant portion of revenue. The company has invested in omnichannel capabilities, same-day delivery, and hub-and-spoke distribution to improve service levels. Founded in 1932 and headquartered in Raleigh, North Carolina, Advance Auto Parts has grown through acquisitions and organic expansion. The company faces competition from AutoZone, O'Reilly Automotive, and e-commerce platforms, while benefiting from an aging vehicle fleet that requires increased maintenance and repairs.