Advance Auto Parts INC: management transactions · United States · SEC (Form 4)

About Advance Auto Parts INC

Advance Auto Parts, Inc. (NYSE: AAP) is a U.S.-listed automotive aftermarket distributor headquartered in Raleigh, North Carolina, United States. The company operates in the aftermarket auto parts industry, serving the maintenance and repair needs of vehicles after they leave the original manufacturer’s warranty period. Its business model is built around two core customer groups: professional installers and repair shops, and do-it-yourself consumers. This dual-channel positioning is central to the investment case, because it gives the company exposure both to recurring professional demand and to retail demand from individual vehicle owners. Advance Auto Parts was founded in 1929 as Advance Stores Company, Incorporated, and over time it evolved from a general merchandise retailer into a focused auto parts specialist. The company expanded its footprint through organic growth and acquisitions, including the purchase of Autopart International in 2005. Today, it is one of the better-known names in North American automotive parts distribution, although it competes in a highly fragmented and highly competitive market against larger peers such as AutoZone, O’Reilly Automotive, and regional or local chains. Its competitive strengths are rooted in store proximity, assortment depth, rapid replenishment capability, and a service model designed to support both professional and DIY customers. The company’s product range covers a broad set of vehicle maintenance and repair categories, including batteries, brakes, filters, lighting, engine components, replacement parts, lubricants, and accessories. According to its latest annual report, Advance Auto Parts operates 4,066 Advance Auto Parts stores, plus hubs and market hubs, across 44 U.S. states and two U.S. territories. The company also has a presence in Canada and Puerto Rico. Its distribution model combines brick-and-mortar stores with e-commerce and same-day or next-day access to harder-to-find SKUs through larger hub locations. That operating structure is important for investors because it supports inventory efficiency and customer service levels in a business where speed and product availability matter. Recent company developments point to an ongoing strategic turnaround. In fiscal 2025, Advance Auto Parts reported improved adjusted operating performance and positive comparable-store sales growth, while also completing its store footprint optimization program on an accelerated timeline. Management has continued to emphasize restructuring, margin improvement, and operational discipline. For investors, the key watchpoints remain execution on the turnaround, competitive share trends, and the company’s ability to convert its store and supply-chain network into durable profitability. The stock trades on the NYSE in the United States, making it a standard U.S. large-cap retail/distribution name for public-market investors.