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Retails and distributes automotive replacement parts and accessories to consumers and professional installers.
Retails and distributes automotive replacement parts and accessories to consumers and professional installers.
Sells parts to do-it-yourself customers at stores and delivers them to repair shops through a commercial arm, which needs faster delivery. It sold its Worldpac import-parts business in 2024 and has closed many stores in a restructuring.
Moat: narrow (scale, distribution). Store and distribution-center density support fast parts availability versus smaller independents.
Headquarters: Raleigh, North Carolina, US · Founded: 1932 · Employees: 54,007
Size Advance Auto Parts (AAP) is a United States Consumer Discretionary company (Specialty Stores) with a market value of $2.75B, the 1598th largest of 3,117 United States companies the cockpit tracks. Shares closed at $45.50 on 6 Nov 2026.
Performance Over six months the shares fell 19.0%, against +2.0% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue fell 1.3% over the last twelve months (peer median +7.2%); the operating margin is 3.9% (peer median 9.0%).
Valuation It trades at 19.2× forward earnings against a peer median of 16.5× (8th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is -3%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.9 points below its cost of capital (7.0% WACC).
Credit Advance Auto Parts has 6 bonds outstanding ($3.42B), rated BB by the agencies and trading like BB at a weighted spread of 223 bp.
Short interest Short interest is 17.8% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $8.62B | $8.60B | $9.09B | $9.21B | $11.2B |
| Revenue growth | — | -5% | -1% | -17% | — |
| Gross profit | $3.88B | $3.77B | $3.41B | $3.86B | $4.93B |
| EBITDA | $739M | $445M | -$135M | $324M | $954M |
| Net income | $84.0M | $44.0M | -$336M | $29.7M | $464M |
| Free cash flow | $23.0M | -$298M | -$96.2M | $61.7M | $313M |
| Capital expenditure | $289M | $252M | $181M | $226M | $426M |
| Total debt | $5.21B | $5.66B | $4.15B | $4.21B | $4.07B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Advance Auto Parts AAP | $2.75B | -19% | -1% | 4% | 19.2× | 5.6% |
| O’Reilly Automotive ORLY | $72.3B | -3% | +9% | 20% | 25.2× | 4.1% |
| AutoZone AZO | $51.8B | -8% | +7% | 18% | 19.0× | -2.8% |
| Genuine Parts GPC | $16.9B | +19% | +5% | 5% | 15.5× | 7.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AAP | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.3% | +11.3% | 9th lowest of 21 |
| 6-month return | -19.0% | +2.0% | 5th lowest of 20 |
| Distance from 52-week high | -30.2% | -19.9% | 6th lowest of 21 |
| Revenue growth (TTM) | -1.3% | +7.2% | 5th lowest of 21 |
| Operating margin | 3.9% | 9.0% | 5th lowest of 21 |
| Forward P/E | 19.2× | 16.5× | 8th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 5.6% | 4.1% | 9th least demanding of 17 |
| Growth delivered (Del g) | -3.2% | +8.0% | 2nd lowest of 17 |
| Hurdle (Req g minus delivered) | +8.8 pp | -4.4 pp | 3rd most demanding of 17 |
| ROIC minus cost of capital | -0.9 pp | +2.0 pp | 7th lowest of 21 |
| EV / EBITDA | 6.5× | 11.6× | 2nd cheapest of 18 |
| Net debt / EBITDA | 2.8× | 1.9× | 8th most indebted of 19 |
| Bond spread | 223 bp | 151 bp | widest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Advance Auto Parts AAP | United States | $2.75B | -19% | -1% | 4% | 19.2× | 5.6% | -3.2% |
| Shanghai Yuyuan Tourist Mart 600655.SS | China | $2.70B | -6% | -21% | -3% | 77.3× | 15.9% | -4.4% |
| Bob's Discount Furniture BOBS | United States | $2.54B | +42% | +17% | 9% | 20.2× | 13.4% | +4.0% |
| RH RH | United States | $2.48B | -2% | +3% | 10% | 20.2× | 11.4% | +3.8% |
| Dunelm DNLM.L | United Kingdom | $2.44B | +24% | +3% | 12% | 11.7× | 2.4% | +6.4% |
| TRIAL Holdings.Inc 141A.T | Japan | $3.12B | +2% | +69% | 2% | 43.1× | 11.0% | +53.9% |
| Group 1 Automotive GPI | United States | $3.12B | -27% | -3% | 5% | 7.1× | -6.1% | +16.3% |
| Warby Parker WRBY | United States | $3.15B | -14% | +11% | 0% | 57.8× | n/a | n/a |
| POYA International 5904.TWO | Taiwan | $2.38B | +65% | +13% | 17% | 18.7× | 0.7% | +7.6% |
| Eagers Automotive APE.AX | Australia | $3.18B | -31% | +19% | 4% | 16.5× | 5.9% | +8.3% |
| Watches of Switzerland WOSG.L | United Kingdom | $2.34B | +43% | +11% | 10% | 14.1× | 14.5% | +15.1% |
| MINISO 9896.HK | Hong Kong | $3.34B | -25% | +31% | 13% | 9.9× | 1.5% | +18.5% |
| Lalithaa Jewellery Mart LALITHAA.NS | India | $2.21B | n/a | +48% | 6% | n/a | n/a | n/a |
| Lovisa LOV.AX | Australia | $2.18B | +32% | +18% | 18% | 27.8× | 21.9% | +26.7% |
| Super Retail SUL.AX | Australia | $2.14B | +22% | +3% | 9% | 13.8× | 6.7% | +4.0% |
| Asbury Automotive ABG | United States | $3.64B | +1% | -1% | 5% | 7.6× | -2.4% | +20.3% |
| North West NWC.TO | Canada | $2.02B | +17% | +1% | 8% | 17.1× | -2.8% | +1.9% |
| MTG 7806.T | Japan | $1.96B | +36% | +44% | 11% | 27.4× | n/a | n/a |
| Sonic Automotive SAH | United States | $1.95B | -24% | +2% | 3% | 9.3× | n/a | n/a |
| Chow Tai Seng Jewelry 002867.SZ | China | $1.88B | -12% | -22% | 14% | 13.1× | 1.3% | +11.7% |
| Academy Sports and Outdoors ASO | United States | $4.14B | +24% | +4% | 10% | 9.9× | -1.2% | +1.2% |
Advance Auto Parts has 6 bonds outstanding with $3.42B face value. The agencies rate it BB; its bonds trade like BB. Weighted yield 6.81%, a spread of 223 bp over government bonds.