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Last $176.48 USD
Change Today +0.25 / 0.14%
Volume 642.4K
AAP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

advance auto parts inc (AAP) Snapshot

Open
$175.50
Previous Close
$176.23
Day High
$176.83
Day Low
$174.66
52 Week High
08/13/15 - $192.27
52 Week Low
09/25/14 - $128.20
Market Cap
12.9B
Average Volume 10 Days
1.3M
EPS TTM
$7.74
Shares Outstanding
73.2M
EX-Date
09/16/15
P/E TM
22.8x
Dividend
$0.24
Dividend Yield
0.14%
Current Stock Chart for ADVANCE AUTO PARTS INC (AAP)

advance auto parts inc (AAP) Related Businessweek News

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advance auto parts inc (AAP) Details

Advance Auto Parts, Inc., through its subsidiaries, operates as a specialty retailer of automotive replacement parts, accessories, batteries, and maintenance items. It operates stores that offer brand name, original equipment manufacturer, and private label automotive products, including alternators, batteries, belts and hoses, brakes and brake pads, chassis parts, climate control parts, clutches, driveshafts, engines and engine parts, ignition parts, lighting, radiators, starters, spark plugs and wires, steering and alignment parts, transmissions, water pumps, and windshield wiper blades; accessories, such as air fresheners, automotive paint, anti-theft devices, emergency road kits, floor mats, ice scrapers, mirrors, seat and steering wheel covers, and vent shades; chemicals comprising antifreeze, brake and power steering fluid, car washes and waxes, freon, fuel additives, and windshield washer fluid; and oils, transmission fluids, and other automotive petroleum products for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company also provides battery and wiper installation, battery charging, check engine light reading, electrical system testing, video clinics, loaner tool programs, and oil and battery recycling services, as well as loaner tool programs. In addition, it sells products online. The company serves do-it-yourself, do-it-for-me, or commercial customers in the northeastern, Mid-Atlantic, and southeastern regions of the United States. As of July 18, 2015, it operated 5,252 stores and 117 Worldpac branches; and served approximately 1,300 independently-owned Carquest branded stores in the United States, Canada, Puerto Rico, and the U.S. Virgin Islands. The company was founded in 1929 and is headquartered in Roanoke, Virginia.

41,600 Employees
Last Reported Date: 03/3/15
Founded in 1929

advance auto parts inc (AAP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $930.3K
President
Total Annual Compensation: $670.7K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $710.6K
Executive Vice President of Merchandising, Ma...
Total Annual Compensation: $478.4K
Senior Vice President of Business Development...
Total Annual Compensation: $330.0K
Compensation as of Fiscal Year 2014.

advance auto parts inc (AAP) Key Developments

Advance Auto Parts Inc. Plans to Another Distribution Center for WORLDPAC in the Fourth Quarter of 2015

Advance Auto Parts Inc. plans to another distribution center for WORLDPAC in the fourth quarter. The company opened 6 locations -- 6 branches so far this year that will finish with 12.

Advance Auto Parts Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 18, 2015; Reaffirms Earnings Guidance for 2015; Declares Regular Quarterly Cash Dividend, Payable on October 2, 2015; Announces Plans to Close 50 Stores in the Latter Part of 2015

Advance Auto Parts Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 18, 2015. Total sales for the second quarter increased 1.0% to $2.37 billion, as compared with total sales during the second quarter of fiscal 2014 of $2.35 billion. The sales increase was driven by the addition of new stores over the past 12 months and a comparable store sales increase of 1.0% partially offset by changes in its independent store count. Comparable store sales were negatively impacted by 34 basis points due to foreign currency fluctuations from its Canadian operations. The company's Comparable Operating Income was $285.5 million during the second quarter, an increase of 8.7% versus the second quarter of fiscal 2014. On a GAAP basis, the company's operating income during the second quarter of $257.0 million increased 6.8% versus the second quarter of fiscal 2014. Operating cash flow increased approximately 3.2% to $330.8 million through the second quarter of fiscal 2015 from $320.6 million through the second quarter of fiscal 2014. Free cash flow increased to $216.3 million through the second quarter of fiscal 2015 from $214.3 million through the second quarter of fiscal 2014. Capital expenditures through the second quarter of fiscal 2015 were $114.5 million as compared to $106.3 million through the second quarter of fiscal 2014. Net income was $150 million or $2.03 per diluted share compared to $139.49 million or $1.89 per diluted share a year ago. Income before provision for income taxes was $237.80 million compared to $224.02 million a year ago. Comparable Net income was $167.622 million or $2.27 per diluted share compared to $153.170 million or $2.08 per diluted share a year ago. Comparable Income before provision for income taxes was $266.23 million compared to $246.090 million a year ago. For the twenty eight weeks ended July 18, 2015, the company reported a Net income of $298.11 million or $4.03 per diluted share compared to $287.21 million or $3.90 per diluted share a year ago. Income before provision for income taxes was $476.65 million compared to $456.78 million a year ago. Comparable Net income was $344.10 million or $4.65 per diluted share compared to $318.59 million or $4.33 per diluted share a year ago. Comparable Income before provision for income taxes was $550.82 million compared to $507.39 million a year ago. Net sales were at $5,408.27 million against $5,317.20 million reported last year. Operating income was at $1,961.63 million compared to $1,918.76 million reported last year. Comparable Operating income was at $1,887.46 million compared to $1,868.15 million reported last year. The company is maintaining its full-year guidance for Comparable Cash EPS of $8.10 to $8.30. As part of its on-going process of store evaluations, the company has identified, and is subsequently planning to close 50 stores in the latter part of 2015 in line with the company's accelerated efforts to achieve its 12% comparable operating profit target in 2016. The company's Board of Directors declared a regular quarterly cash dividend of $0.06 per share to be paid on October 2, 2015 to stockholders of record as of September 18, 2015.

Advance Auto Parts to Lay Off 50 People in Raleigh

Advance Auto Parts Inc. is planning to cut 100 corporate jobs from its headquarters in Roanoke, as well as from the company's corporate campus in Raleigh. The company will be notifying the employees who will be impacted by the end of the month.

 

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AAP

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Valuation AAP Industry Range
Price/Earnings 25.8x
Price/Sales 1.3x
Price/Book 5.6x
Price/Cash Flow 23.6x
TEV/Sales 1.1x
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