Advance Auto Parts, Inc. is an American retailer of automotive parts and accessories, headquartered in Raleigh, North Carolina. It is the largest retailer of automotive parts and accessories in the United States by sales.
As of 2016, Advance Auto operated over 5,200 stores in 40 states, Puerto Rico, and the Virgin Islands. The company also operated 1,300 Carquest branded stores across the United States, Puerto Rico, the Virgin Islands, and Canada.
Advance Auto Parts went public in January 1971 and trades on the New York Stock Exchange under the ticker AAP. In October 2013, Advance Auto Parts purchased General Parts International, Inc. (GPII), a leading distributor and marketer of original equipment and aftermarket automotive replacement parts and related services to professional repair shops in North America and certain international markets.
The company has a market capitalization of $11.48 billion, a PE ratio of 13.59 and a dividend yield of 1.84%.
On February 22, 2019, Advance Auto Parts announced it would be selling its Carquest Canada business to Uni-Select for $227 million (CAD).
Is Advance Auto Parts stock a buy?
No definitive answer can be given as to whether Advance Auto Parts stock is a buy at this time. However, some key points to consider are that the company has a large market share in its industry, is profitable with a PE ratio below 20, and has a dividend yield above 1%. These are all positive indicators that could make Advance Auto Parts stock a worthwhile investment.
