Advance Auto Parts
Advance Auto Parts, Inc. is an American automotive aftermarket parts provider. Headquartered in Raleigh, North Carolina, it serves both professional installer and do it yourself (DIY) customers. As of October 2023, Advance operated 4,785 stores and 320 Worldpac branches in the United States and Canada. The company also serves 1,307 independently owned Carquest-branded stores in the U.S., Mexico, The Bahamas, Turks and Caicos, and British Virgin Islands.
Advance Auto Parts in Cairo, Georgia | |
| Company type | Public |
|---|---|
Traded as |
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| Industry | Auto Parts Retail |
| Founded | April 29, 1932 |
| Founder | Arthur Taubman |
| Headquarters | Raleigh, North Carolina, U.S. |
Number of locations | 4,785 Advance Stores, 320 Worldpac branches and serves 1,307 independently owned Carquest branded stores (as of Oct. 7, 2023) |
Area served | United States Canada |
Key people | |
| Products | Replacement automotive parts & accessories |
| Revenue | US$11.2 Billion (2022) |
| US$714.2 Million (2022) | |
Net income | US$501.9 Million (2022) |
| Total assets | US$12.02 Billion (2022) |
| Total equity | US$2.7 Billion (2022) |
| Owner | Institutional Owners
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Number of employees | 67,000 (2022) |
| Subsidiaries |
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| Website | AdvanceAutoParts.com |
Net sales for 2023 $11.3 billion (up 1.2% from 2022). Gross profit for 2023 $4.5 billion. Operating profit for the full year 2023 $114.4 million, 1.0% of net sales (6.0% of net sales in 2022). Net cash provided by operating activities was $0.3 billion for the full year 2023.
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