Advance Auto Parts - Down for Maintenance (2024)

FAQs

What is the controversy with Advance Auto Parts? ›

The lawsuit, filed in Roanoke's federal court in 2021, asserts that Advance officials failed to adequately review the investment portfolio of the company's 401(k) plan to ensure best performance, and subjected participants to unreasonably high fees.

Stop by your local store for free engine code scanning on most OBD II vehicles! We cannot guarantee the problem can be resolved during the visit, but we are happy to refer you to one of our local professional technicians if a more comprehensive diagnosis is needed.

For full year 2023, Net sales of $11.3 billion increased 1.2% from 2022. Comparable store sales for the full year decreased 0.3%. The company's Gross profit decreased 11.9% from the fourth quarter of the prior year to $950.8 million or 38.6% of Net sales compared with 43.6% in the prior year quarter.

Yes, you should. And if they say they can't accept tips, lay the money on the counter in front of them and walk out while saying thank you.

Many of its profitability problems started when it acquired Carquest in 2013, which essentially gave the company two supply chains, and that is inefficient. O'Kelly is consolidating it into one, which should yield better margins.

The company's revenue came up short of expectations, profitability plunged, and management lowered its guidance as well as substantially reduced its dividend. And all of this caused investors to completely abandon Advance Auto Parts stock in the first half of 2023.

Free Testing at Advance

Stop by your local Advance Auto Parts store to take advantage of our free starter, alternator and battery testing. If your battery is failing, and it's time to purchase a new battery, we offer free installation*.

They can quickly install an alternator, and test and charge your battery while under the hood. Have you had to replace your alternator?

A diagnostic fee compensates the automotive technician for their expertise and the time spent decoding the ECU reports. Think of it like paying a lawyer or personal trainer an hourly rate. These fees represent not only the time spent but also the specialized knowledge required to pinpoint complex problems.

Institutional Ownership and Shareholders

Largest shareholders include BlackRock Inc., Vanguard Group Inc, Price T Rowe Associates Inc /md/, IJR - iShares Core S&P Small-Cap ETF, State Street Corp, Fmr Llc, D. E. Shaw & Co., Inc., TRMCX - T.

What does the CEO of Advance Auto Parts make? ›

Advance acquired Worldpac and Carquest in 2014 through its acquisition of General Parts International Inc. At the time, Advance boasted that the transaction created the largest provider of aftermarket parts in North America.

20% off most merchandise. Can not use perks program with discount.

Tipping is not normal at most auto repair shops. However, gifts of beer, baked goods, or Pizza gift certificates from the local Pizza place will REALLY be appreciated by the mechanic and crew.

No. This is a tip free company. No, we are not allowed to accept them.

Advance Auto (AAP) Q1 Earnings Miss Estimates, Decline Y/Y

Advance Auto (AAP) reports lower-than-expected first-quarter results and expects 2024 net sales in the band of $11.30-$11.50 billion, up from the prior estimate of $11.30-$11.40 billion.

In June 2019 AutoZone entered into an $11 million settlement against with the State of California to resolve allegations that the company had violated state laws governing hazardous waste, hazardous materials, and confidential consumer information.