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ADVANCE AUTO PARTS (AAP)

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Advance Auto Parts sells automotive parts, accessories, batteries and maintenance items. [1]

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Funds w/ AAP: 27
Rank: 325 / 351



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Company Profile

Roanoke, VA based Advanced Auto Parts primarily operates within the United States automotive aftermarket industry, which includes replacement parts (excluding tires), accessories, maintenance items, batteries and automotive chemicals for cars and light trucks (pickup trucks, vans, minivans and sport utility vehicles). The company currently is the second largest specialty retailer of automotive parts, accessories and maintenance items to "do-it-yourself," or DIY, and “do-it-for-me”, or DIFM, customers in the United States, based on store count and sales.[2]

The company conducts operations in two reportable segments:

  • Advance Auto Parts (AAP) This segment is comprised of store operations within the United States, Puerto Rico and the Virgin Islands which operate under the trade names “Advance Auto Parts,” “Advance Discount Auto Parts” and “Western Auto.”
  • AI segment consists solely of the operations of Autopart International, which continues to operate as an independent, wholly-owned subsidiary.[2]
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Advance Auto Parts (AAP) Segment

As of December 30, 2006, AAP operated 2,995 stores within the United States, Puerto Rico and the Virgin Islands. [2] The division has 2,958 stores throughout 40 states in the Northeastern, Southeastern and Midwestern regions of the United States. These stores operated under the “Advance Auto Parts” trade name except for certain stores in the state of Florida, which operated under the “Advance Discount Auto Parts” trade name. These stores offer a broad selection of brand name and proprietary automotive replacement parts, accessories and maintenance items for domestic and imported cars and light trucks, with no significant concentration in any specific product area. In addition, the company operated 37 stores under the “Western Auto” and “Advance Auto Parts” trade names, located primarily in Puerto Rico and the Virgin Islands. The Western Auto stores offer automotive tires and service in addition to automotive parts, accessories and maintenance items.

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AI Segment

The company acquired AI in September 2005. The acquisition, which included 61 stores throughout New England and New York, a distribution center and AI's wholesale distribution business, complements the company's growing presence in the "Do It for Me" (DIFM) market in the Northeast.

AI's business primarily serves the commercial market from its store locations. In addition, its North American Sales Division services warehouse distributors and jobbers throughout North America. As a result of its extensive sourcing network, AI is able to serve its customers in search of replacement parts for both domestic and imported cars and light trucks with a greater focus on imported parts. The vast majority of AI's product is sold under its proprietary brand. The AI stores offer an average of 9,500 SKUs with access to an additional 14,000 unique SKUs through its logistics network.

As of December 30, 2006, the company operated 87 stores under the “Autopart International” trade name throughout the Northeast states.

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News Feed

09/29/08 11:09 am Advance Auto Parts Earnings Call scheduled for Thu, Oct 30 (CCBN)
09/25/08 2:09 pm Advanced Auto a Hold for Now (Zacks.com)
09/24/08 12:09 pm Under The Hood At Autozone (at Investopedia)
09/23/08 10:09 am Advance Auto Parts to Help Accelerate Business Transformation with Oracle(R) Retail Applications (PR Newswire)
09/22/08 3:09 pm Foolish Forecast: Copart to Salvage Fiscal Year (at Motley Fool)
09/22/08 12:09 pm AutoZone Revs Up Sales (at Minyanville.com)
09/22/08 10:09 am [$$] AutoZone's Net Rises 12% (at The Wall Street Journal Online)
09/18/08 9:09 am Premarket roundup: Advance Auto Parts, Town Sports (AP)
09/18/08 8:09 am Ahead of the Bell: Advance Auto upgraded (AP)
09/15/08 6:09 am Pep Boys: Staggering Potential for Improvement (at Seeking Alpha)
More News...
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Risks

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Research Links

ADVANCE AUTO PARTS Snapshot
ADVANCE AUTO PARTS Leadership
ADVANCE AUTO PARTS Fundamentals
ADVANCE AUTO PARTS Technical Analysis
ADVANCE AUTO PARTS Message Boards
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Options

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Notes

  1. ↑ Corporate Profile from Investor Relation section of Company's Website.
  2. ↑ 2.0 2.1 2.2 Form 10-K, Annual report for the period ending December 30, 2006. Filed on February 28, 2007. Accessed march 14, 2007.
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