Advance Auto Corporate Profile

Advance Auto Corporate Profile

The Advance Auto Parts logo, a rated credit tenant in 1031Gateway's 1031 Exchange Investing Articles

S&P Rated: Investment Grade BBB


Current Annual Revenue: $6.49 billion
Current Gross Profit: $3.25 billion
Current Annual Net Income: $391.76 million
2013 Fiscal Yr. Revenue Growth: 4.65%

Advance Auto Parts Inc. (NYSE: AAP) is an aftermarket retailer of automotive parts and supplies as well as a provider of auto maintenance services. It operates nearly 4,000 stores in 40 states, Puerto Rico, and the Virgin Islands and employs about 55,000 team members. Advance Auto Parts typically has about 19,000 SKUs in each store and access to 115,000 SKUs at regional centers. Customers have access to nearly half a million SKUs by ordering directly from vendors. Many products include a “good, better, best” recommendation, and Team Members have access to a system to help customers choose the best product; this embodies Advance Auto Parts’ promise, “Service is our best part.”® Additionally, each store generally has two “part pros” with extensive knowledge and experience in auto maintenance. The current increase in new vehicle sales provides opportunities to demonstrate their two key strategies of Superior Availability and Service Leadership and to lead the way for service providers by improving delivery speed and reliability, leveraging supply chain advancement, and continuing to open new stores in new markets.


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