Advance Auto Parts is one of the largest automotive aftermarket parts retailers in the United States. As of 2019, Advance Auto Parts operates over 5,000 stores in 40 states and employs more than 74,000 people.
Advance Auto Parts was founded in 1932 by Richard E. Hopkins and Arthur Taubman. The company’s first store was located in Roanoke, Virginia. Advance Auto Parts has been publicly traded on the New York Stock Exchange since 1978 and is a component of the S&P 500 index.
In recent years, Advance Auto Parts has been aggressively expanding its store footprint and acquiring other aftermarket retailers. In 2013, Advance Auto Parts acquired GeneralParts International, Inc., which added 1,246 stores to its network.
In 2015, Advance Auto Parts acquired Carquest Corporation, adding 1,621 stores to its network. These acquisitions have helped Advance Auto Parts become one of the largest aftermarket retailers in the United States.
Today, Advance Auto Parts is a leading retailer of aftermarket automotive parts and accessories with over 5,000 stores across the United States. The company employs over 74,000 people and is a publicly traded company listed on the New York Stock Exchange.