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Trak Auto

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Trak Auto

Advance Auto Parts, Inc.
Traded as AAP
Industry Auto Parts Retail
Founded 1932
Headquarters Roanoke, VA, USA
Number of locations 4,000+
Key people John C. Brouillard
(Chairman of the Board)
Darren R. Jackson
(CEO) & (Director)
Mike Norona, EVP & CFO
Products Replacement automotive parts & accessories
Revenue Increase US$5.41 Billion (FY 2009)[1]
Operating income Increase US$454 Million (FY 2009)[1]
Net income Increase US$270 Million (FY 2009)[1]
Total assets Increase US$3.07 Billion (FY 2009)[2]
Total equity Increase US$1.28 Billion (FY 2009)[2]
Employees 55,000 - January 2009

Advance Auto Parts, is headquartered in Roanoke, Virginia,[3] and is now the largest retailer of automotive replacement parts and accessories in the United States [4] after acquiring CARQUEST in October 2013. AAP was founded in 1932 and had 2011 sales of approximately $6.2 billion. AAP operates over 3,800 stores in forty U.S. states and has over 55,000 employees.

In 2005, Advance Auto Parts purchased Autopart International, Inc. which operates 202 stores along the Atlantic Seaboard.

In 2013 AAP Purchased General Parts Inc. including CARQUEST, CARQUEST Canada and WorldPac for $2.04 Billion Dollars.


In 1932 Arthur Taubman purchased from Pep Boys, the Advance Stores, with two stores in Roanoke, Virginia and one in Lynchburg, Virginia.

The first major expansion of Advance Auto Parts was in 1998 when the company acquired the remaining operations of Western Auto, an auto parts and general store retailer. Most of the Western Auto operations had been taken over by Sears, Roebuck and Co. in 1987.

In April 2001, New York Stock Exchange under the symbol AAP. The year ended with 2,484 stores in 38 states.

In July 2002, Advance Auto Parts received bankruptcy court approval to acquire 57 Trak Auto Parts Stores in northern Virginia, Washington, DC, and eastern Maryland.[5][6]

In Sep, 2006, Advance Auto Parts (NYSE:AAP) announced an agreement with ADMMicro, a VA-based company, to retrofit certain existing stores and equip new stores with an Energy Management System (EMS).[7]

Advance now operates 4,000 locations in 40 states including Puerto Rico & the Virgin Islands using the following branded names: Advance Auto Parts, Advance Discount Auto Parts, and Western Auto (Puerto Rico & Virgin Islands).

Also, in 2010 Advance Auto Parts announced a deal with Monster Jam to become the title sponsor. The company sponsors a truck on the circuit called the Advance Auto Parts Grinder.

On October 16th 2013, Advance Auto Parts entered into a definitive agreement to acquire General Parts International, Inc. (GPI), a leading privately held distributor and supplier of original equipment and aftermarket replacement products for commercial markets operating under the CARQUEST and WORLDPAC brands, in an all-cash transaction with an enterprise value of $2.04 billion. The transaction has been approved by the boards of directors for both companies. The deal creates the largest automotive aftermarket parts provider in North America, with annual sales of more than $9.2 billion and more than 70,000 employees.


Advance Auto Parts is now the largest automotive aftermarket retailer in the United States based on sales and store count. The company premiered on the Fortune 500 list of companies in 2003 at No. 466 and has remained on the list since that time. As of January 2006, it was ranked at No. 1,497 on the Forbes magazine "World's Biggest Public Companies" list, and in 2005 Forbes named it as being the best-managed company in the retail sector.

Advance's organizational development and training programs were named to Training Magazine's Top 100 list in 2003 at No. 54, and the company has remained on the list since that time. Advance's Information Technology department has been nationally recognized by being named to the Information Week 500 list of top ranking business users of technology every year since 2003, when the company debuted on the list at No. 448.

Advance has received numerous recognitions for charitable contributions. The company has been nationally recognized for its fundraising for the Juvenile Diabetes Research Foundation (JDRF), having donated more than $20 million since 1994.


External links

Virginia portal
Companies portal
Cars portal
  • Advance Auto Parts
  • Advance Auto Parts Mobile Web Site
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