Advance Auto Parts Stock Symbol

## Advance Auto Parts: A Comprehensive Guide

Company Overview

Advance Auto Parts Inc. (AAP) is a leading automotive aftermarket parts provider in North America, serving both professional and do-it-yourself (DIY) customers.

The company operates over 4,900 stores across the United States, Canada, and Puerto Rico.

Advance Auto Parts offers a wide range of automotive products and services, including parts, accessories, tools, and maintenance services.

### Stock Performance

AAP is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol "AAP".

As of August 16, 2024, AAP has a market capitalization of approximately $10.5 billion.

The stock has a beta of 1.14, indicating that it is slightly more volatile than the overall market.

### Financial Performance

In 2023, Advance Auto Parts reported total revenue of $10.3 billion, a 3.5% increase from the previous year.

The company's net income was $421 million, a 10.2% increase from 2022.

Advance Auto Parts has a strong financial position, with over $1 billion in cash and cash equivalents.

### Growth Strategy

Advance Auto Parts is focused on growing its business through:

- Store expansion - Online sales - Product innovation

The company plans to open 30 to 50 new stores in 2024, bringing its total store count to over 5,000.

Advance Auto Parts is also investing heavily in its e-commerce business, and its website now accounts for over 15% of total sales.

### Conclusion

Advance Auto Parts is a well-established and financially sound company that is a leading provider of automotive aftermarket parts.

The company has a strong growth strategy and is well-positioned to continue to grow its business in the years to come.