Advance Auto is an American automotive parts retailer, founded in 1932. As of 2019, Advance Auto operated over 5,200 stores in the United States. The company is headquartered in Roanoke, Virginia.
Advance Auto Parts is a corporation. A corporation is a legal entity that is separate and distinct from its owners.
A corporation is owned by shareholders who elect a board of directors to oversee the management of the corporation. The board of directors appoints officers to run the day-to-day operations of the corporation.
Advance Auto Parts operates as a public company. Public companies are corporations that sell shares of ownership to the public through an initial public offering (IPO). After an IPO, shares of a public company are traded on stock exchanges, such as the New York Stock Exchange (NYSE).
Advance Auto Parts is a publicly traded company listed on the NYSE. As a publicly traded company, Advance Auto Parts is required to file periodic reports with the U.S. Securities and Exchange Commission (SEC), which are available to the public through the SEC’s website.
Yes, Advance Auto is a corporation.
