advance auto parts

Advance Auto Parts is an American automotive parts provider headquartered in Raleigh, North Carolina. The company serves both professional installer and DIY customers and operates 4,785 stores and 320 Worldpac branches in the United States and Canada. Advance Auto Parts retails various brand name, OEM, and private label automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, SUVs, and light and heavy-duty trucks. The company's shares are mainly held by institutional investors such as Vanguard Group Inc., BlackRock Fund Advisors, Barrow, Hanley, Mewhinney & Strauss, and State Street Corp.

Advance Auto Parts was founded in 1932 by Arthur C. Karas and S. Carroll Malone, who purchased the Advance Stores from W.W. Grainger for two stores in New York and one in Pennsylvania. The company went public in 2003 and has since expanded through acquisitions, including Carquest Canada, WorldPac, and General Parts International.

Advance Auto Parts offers a wide range of services, including New York State inspections, first-rate repair and maintenance of domestic and foreign vehicles, and affordable auto repairs. The company's website, AdvanceAutoParts.com, and mobile app are valuable resources for savings and selection. For more information, visit the company's website or contact Investor Relations at invrelations@advanceauto.com or Media Relations at aapcommunications@advance-auto.com.

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