Welcome to our dedicated page for Advance Auto Parts news (Ticker: AAP), a resource for investors and traders seeking the latest updates and insights on Advance Auto Parts stock.
Advance Auto Parts, Inc. reports developments for an automotive aftermarket parts retailer serving professional installers and do-it-yourself customers in North America. Company news commonly covers quarterly earnings, full-year guidance, comparable-store sales, operating-margin initiatives, store and distribution activity, and execution of its retail-focused strategic plan.
Updates also address customer programs such as Advance Rewards, the Carquest independent-store network, board appointments, investor conference appearances, and brand marketing partnerships. The company operates primarily in the United States with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands, and serves Carquest-branded stores across Mexico and Caribbean markets.
Advance Auto Parts (NYSE: AAP) has launched its annual fundraising campaign to support the American Heart Association, running from Sept. 1 to Oct. 15. Customers can donate at around 5,700 stores, including Carquest. In 2020, the company raised approximately $1.4 million, a 38% increase from 2019. The funds will assist heart disease and stroke research, aligning with Advance’s commitment to community health. With increasing heart disease rates in the U.S., the partnership aims to impact cardiovascular health significantly.
Advance Auto Parts reported a 5.9% increase in net sales to $2.6 billion for Q2 2021, with comparable store sales up 5.8%. Adjusted diluted EPS rose 15.3% to $3.40. Operating cash flow year-to-date reached $776.2 million, with free cash flow improving to $646.6 million, a 70% increase from 2019. The company returned $457.9 million to shareholders through buybacks and dividends. Full year 2021 guidance was raised, reflecting positive growth, with net sales expected between $10.6 billion and $10.8 billion.
Advance Auto Parts, Inc. (NYSE: AAP) will report its second quarter 2021 results on August 24, 2021, before the market opens. The webcast will begin at 8:00 a.m. Eastern Time, and interested parties can access it on the company's Investor Relations website. As of April 24, 2021, Advance operates 4,793 stores across the U.S., Canada, Puerto Rico, and the U.S. Virgin Islands, in addition to 1,285 independently owned Carquest branded stores in various locations including Mexico and the Caribbean.
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Advance Auto Parts (NYSE:AAP) has entered into a business agreement with Baxter Auto Parts to convert 29 stores in the Pacific Northwest to Carquest locations. Store conversions will start in late June and continue through September, with Baxter retaining ownership as part of Carquest’s independent owner network. This move aims to strengthen Advance's market presence in the western U.S., following a similar agreement to lease 109 former Pep Boys locations in California. Both companies anticipate enhanced customer service and product offerings at these rebranded locations.
Advance Auto Parts (AAP) reported strong Q1 2021 results, with net sales up 23.4% to $3.3 billion and comparable store sales increasing 24.7%. Adjusted operating income surged 164.0% to $298.8 million, with a margin expansion of 478 basis points. The diluted EPS increased by 346.0% to $2.81. The company generated $259 million in free cash flow and returned $204 million to shareholders through repurchases and dividends. AAP also announced a new $1 billion share repurchase authorization and a dividend increase.
Advance Auto Parts, Inc. (NYSE: AAP) will announce its Q1 2021 results on June 2, 2021, before market opening. A webcast will begin at 8:00 a.m. ET, accessible via the company’s Investor Relations site. Notably, Advance Auto Parts operates 4,806 stores and 170 Worldpac branches across the U.S., Canada, Puerto Rico, and U.S. Virgin Islands, along with 1,277 independently owned Carquest stores in several countries. Investors and interested parties are encouraged to join the call and can find further details on the company’s website.
Advance Auto Parts has awarded Berlin Raceway $50,000 as the winner of the 'Advance My Track Challenge', following a fan voting event. The raceway received the most votes among six NASCAR-sanctioned tracks in the final round held May 9-10. In addition, Hudson Speedway and Alaska Raceway Park received $15,000 and $10,000, respectively, for their second and third-place finishes. The initiative, part of Advance's support for grassroots racing, saw participation from 22 tracks starting March 24, with plans to return next year, enhancing local racing communities and offering economic benefits.
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Advance Auto Parts (NYSE: AAP) launches its 'Road Trip Ready' sweepstakes, inviting families to win travel-themed prizes this summer. The grand prize includes a 2021 Coleman Lantern travel trailer, a $500 fuel card, a $500 Camping World gift card, and a $500 Advance Auto Parts gift card. Five additional winners will receive vacation packages to popular destinations. The contest runs until May 31, 2021. Advance Auto Parts supports motorists with free curbside services and offers a variety of automotive parts to ensure vehicles are road trip ready.