Advance Auto Parts, Inc. is a automotive aftermarket parts retail and professional auto repair distribution company headquartered in Raleigh, North Carolina. The latest annual anchor is FY2025, when Advance reported $8.601 billion in net sales, positive comparable sales growth, and continued work on its strategic turnaround after selling Worldpac.
Advance Auto Parts Key Facts
| Company | Advance Auto Parts, Inc. |
|---|---|
| Founded | 1932 |
| Founders | Arthur Taubman |
| CEO | Shane O'Kelly |
| Headquarters | Raleigh, North Carolina |
| FY2025 revenue | $8.60B |
| Employees | About 54,047 |
What Does Advance Auto Parts Do?
Advance Auto Parts is an automotive aftermarket parts retailer serving professional installers and DIY customers through Advance Auto Parts stores, Carquest stores, independent Carquest locations, e-commerce, commercial delivery, batteries, maintenance parts, and accessories.
How Advance Auto Parts Makes Money
Advance Auto Parts makes money by selling replacement automotive parts, batteries, maintenance items, accessories, private-label products, and commercial-delivery services to DIY customers and professional repair shops.
Advance Auto Parts Revenue and Financials
Advance Auto Parts reported $8.60B in FY2025 revenue and about $0.044B in net income. The most useful financial lens is not only the revenue total, but how revenue is produced across Advance stores, Carquest stores, independent Carquest, DIY retail, professional installer.
Advance Auto Parts Founders and Origin
Advance Auto Parts was founded by Arthur Taubman in 1932. The origin story matters because it explains why the company is still associated with auto parts, batteries, maintenance items, accessories.
Strategy and Competitive Advantage
Advance's advantage is its store network, Carquest brand, professional installer relationships, distribution footprint, and ability to serve urgent repair needs where speed and parts availability matter.
Risks and Challenges
The biggest risks are execution in the turnaround, margin pressure, fewer stores after optimization, competition from AutoZone and O'Reilly, online pricing pressure, and working-capital intensity.
Important Facts
- FY2025 net sales were $8.601 billion, compared with $9.094 billion in FY2024.
- Comparable store sales increased 0.8% in FY2025, the first positive annual comparable sales growth in four years.
- As of January 3, 2026, Advance operated 4,305 stores and served 809 independently owned Carquest branded stores.
- Shane O'Kelly became president and CEO in September 2023.
- The turnaround story centers on store optimization, Worldpac sale, Carquest, margin repair, and professional installer execution.
Frequently Asked Questions
What is Advance Auto Parts?
Advance Auto Parts is a automotive aftermarket parts retail and professional auto repair distribution company. The latest annual anchor is FY2025, when Advance reported $8.601 billion in net sales, positive comparable sales growth, and continued work on its strategic turnaround after selling Worldpac.
What was Advance Auto Parts revenue in 2025?
Advance Auto Parts reported $8.60B in FY2025 revenue.
Who founded Advance Auto Parts?
Advance Auto Parts was founded by Arthur Taubman in 1932.
Who is the CEO of Advance Auto Parts?
Shane O'Kelly is the CEO or current top executive listed for Advance Auto Parts.
How does Advance Auto Parts make money?
Advance Auto Parts makes money by selling replacement automotive parts, batteries, maintenance items, accessories, private-label products, and commercial-delivery services to DIY customers and professional repair shops.
Where is Advance Auto Parts headquartered?
Advance Auto Parts is headquartered in Raleigh, North Carolina.
What are Advance Auto Parts's main products?
Advance Auto Parts's main products and services include auto parts, batteries, maintenance items, accessories, Carquest stores, commercial delivery.
Who are Advance Auto Parts's competitors?
Advance Auto Parts competes with AutoZone, O'Reilly Automotive, Genuine Parts and other companies in automotive aftermarket parts retail and professional auto repair distribution.
