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Home > Fortune 500 Companies > Advanced Auto Parts
Advanced Auto Parts
Advanced Auto Parts is a publicly traded company having a good stock performance result. Advanced Auto Parts is a fortune 500 stock listed company trading under AAP. Michael Coppola, Advance’s President and Chief Executive Officer, of Advanced Auto Parts.
The company is a leading retailer of automotive aftermarket parts, accessories, batteries, and maintenance items, in 1932, Arthur Taubman purchased a small chain of home and auto supply stores in Roanoke, Virginia and one in Lynchburg, Virginia. Advance Stores carried a wide variety of merchandise, including appliances, TV sets, toys and bicycles, and operated under Arthur Taubman’s strict four-point philosophy. The newly renamed chain of stores eliminated home appliances and several other products and concentrated increasingly on its core automotive parts business .As a part of expansion, Advance Auto began to sharpen its marketing focus on automotive hard parts for do-it-yourselfers. In order to meet the needs of these customers, the Company introduced its new PDQ, Parts Delivered Quickly, system in 1982.
From greeting them at the door, to assisting them on the sales floor, they are ready to help them with all of their automotive needs. They offer a variety of free services. Located in every store is their how-to project information kiosk featuring 128 projects and information to keep them safer, and improve their vehicles reliability. Their video clinics feature step by step project information to help improve vehicle mileage and performance, vehicle life, and enable them to save hundreds of dollars each year in maintenance.
The company returns on equity has improved very significantly since 2000 even as it experienced a small decline after the 2004 high. Advance Auto Parts' historical income statement growth and balance sheet growth have diverged. Revenue growth has paralleled asset growth; earnings growth has exceeded equity growth. Advance Auto Parts' current Price Target is 78 dollars plus 45 percent from the 2005 Target of 54 dollars and plus 91 percent.
Today, Advance Auto Parts is the second-largest automotive aftermarket retailer in the United States based on sales and store count, operating in 40 states, Puerto Rico and the Virgin Islands. Advance Auto Parts has led the industry in parts availability, price, and customer service. But more than anything, the company has valued the hard work, dedication, and commitment of its Team Members.
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