Advance Auto Parts

Advance Auto Parts, Inc. is an American automotive aftermarket parts provider. Headquartered in Raleigh, North Carolina, it serves both professional installer and do it yourself (DIY) customers. As of October 2023, Advance operated 4,785 stores and 320 Worldpac branches in the United States and Canada. The company also serves 1,307 independently owned Carquest-branded stores in the U.S., Mexico, The Bahamas, Turks and Caicos, and British Virgin Islands.

Advance Auto Parts, Inc.
Company typePublic
IndustryAuto Parts Retail
FoundedApril 29, 1932 (1932-04-29)
FounderArthur Taubman
HeadquartersRaleigh, North Carolina, U.S.
Number of locations
4,785 Advance Stores, 320 Worldpac branches and serves 1,307 independently owned Carquest branded stores (as of Oct. 7, 2023)
Area served
United States
Canada
Key people
Eugene I. Lee, Jr.
Chair, Board of Directors
Shane O'Kelly (CEO, President)
Ryan Grimsland (CFO)
ProductsReplacement automotive parts & accessories
Revenue US$11.2 Billion (2022)
US$714.2 Million (2022)
US$501.9 Million (2022)
Total assets US$12.02 Billion (2022)
Total equity US$2.7 Billion (2022)
OwnerInstitutional Owners
    • Vanguard Group Inc
    • BlackRock Fund Advisors
    • Barrow, Hanley, Mewhinney & Strauss
    • State Street Corp
    • Starboard Value LP
Number of employees
67,000 (2022)
Subsidiaries
  • Autopart International
  • Carquest
    • Carquest Canada
  • WorldPac
    • WorldPac Canada
    • WorldPac Redline
WebsiteAdvanceAutoParts.com
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