Advance Auto Parts (AAP) Sector
Consumer Discretionary

(Current) $64.28
0.19 (0.3%) Open Price: 64.17

Advance Auto Parts is a leading automotive aftermarket parts provider in the United States. The company was founded in 1932 as Advance Stores Company, Incorporated in Roanoke, Virginia. It initially started as a small auto parts store, and over the years, it has grown into a major player in the automotive retail industry.

As of its founding, Advance Auto Parts aimed to serve the DIY (Do-It-Yourself) automotive market, providing customers with a wide range of auto parts and accessories. The company operates both brick-and-mortar stores and an online platform, offering customers the convenience of shopping in-store or online for their automotive needs.

In addition to serving the DIY market, Advance Auto Parts also caters to professional mechanics and repair shops through its Pro Parts program. This program offers benefits such as special pricing, bulk discounts, and dedicated customer support to help professional customers efficiently manage their businesses.

Over the years, Advance Auto Parts has expanded its operations through acquisitions and organic growth. It has acquired several other automotive retail companies, including CARQUEST, Worldpac, and General Parts International, to further strengthen its market position and increase its product offerings.

Advance Auto Parts continues to focus on enhancing its customer experience and maintaining a strong presence in the automotive aftermarket industry through strategic initiatives and investments in technology and customer service.

(06/17/24) $64.17
(06/18/24) $64.09
(06/18/24) (Qty.)1,017,614
(06/17/24) $62.57
(06/17/24) $65.15
(06/09/24) $60.80
(06/02/24) $71.09
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