Advance Auto Parts Inc. Stock

Description Advance Auto

Advance Auto Parts, Inc. (symbol AAP) is a U.S.-based retailer of automotive aftermarket parts and accessories. The company operates more than 5,300 stores and serves both the do-it-yourself (DIY) and professional installer markets in the United States, Puerto Rico, and the U.S. Virgin Islands. Advance Auto Parts sells a wide range of products including batteries, brakes, cooling and heating systems, engine components, performance accessories, and other automotive-related items. The company was founded in 1932 and is headquartered in Raleigh, North Carolina. As of August 2021, Advance Auto Parts has a market capitalization of approximately $13 billion. Its stock is traded on the New York Stock Exchange (NYSE).

Competitors of Advance Auto

As of 2021, Advance Auto Parts (AAP) operates in a highly competitive market with several key players in the automotive retail industry. Some of the most important competitors of AAP are:

1. AutoZone Inc. (AZO) - AutoZone is the largest retailer of replacement automotive parts and accessories in the United States. As of January 2021, AutoZone operates more than 6,500 stores across the United States, Mexico, and Brazil.

2. O'Reilly Automotive Inc. (ORLY) - O'Reilly is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. As of January 2021, O'Reilly operates over 5,600 stores across the United States.

3. Genuine Parts Company (GPC) - Genuine Parts is a global distributor of automotive replacement parts, industrial parts, office products, and electrical/electronic materials. Its automotive division operates through the NAPA Auto Parts brand and has over 16,000 locations worldwide.

4. Pep Boys (PBY) - Pep Boys is a full-service automotive aftermarket chain with over 930 locations throughout the United States and Puerto Rico. Its stores offer a wide range of automotive services, including maintenance and repairs, tires, and accessories.

5. Walmart Inc. (WMT) - Walmart is a leading retailer in the United States and has a strong automotive division. Its stores offer a wide range of automotive parts and accessories, as well as tire and maintenance services. As of January 2021, Walmart operates over 4,750 stores in the United States.

Suppliers of Advance Auto

Advance Auto Parts, Inc. (AAP) is a leading retailer of automotive parts, accessories, batteries, and maintenance items in the United States. The most important suppliers of Advance Auto are manufacturers that produce these types of products. These suppliers are typically large multinational companies that have established relationships with Advance Auto and are able to provide high-quality products at competitive prices. Some of the most important suppliers for Advance Auto include:

1. Genuine Parts Company – This is a large automotive parts distributor that supplies a variety of products to Advance Auto. They primarily supply parts for automotive engines, brakes, and transmissions.

2. Standard Motor Products – This company supplies automotive replacement parts and electrical components such as sensors, switches, and ignition coils.

3. Federal-Mogul LLC – This is a leading manufacturer of a wide range of automotive products including powertrain components, braking systems, and sealing solutions.

4. Intercontinental Auto Parts – They supply a variety of automotive replacement parts including engine components, suspension parts, and electrical parts.

5. Gates Corporation – This company is a leading supplier of automotive belts, hoses, and fluid power hoses.

Overall, Advance Auto relies on a diverse group of suppliers to provide it with the products it needs to serve its customers. The company has established long-term relationships with these suppliers, which allows it to provide high-quality products at competitive prices to its customers.