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Advance Auto Parts Inc (AAP): Stock Information and News
Overview
Advance Auto Parts Inc. (AAP) is a leading automotive aftermarket parts provider in the United States. The company operates over 4,000 stores nationwide and offers a wide range of products, including auto parts, accessories, and tools.
AAP is a publicly traded company listed on the New York Stock Exchange. The company's stock has performed well in recent years, outperforming the S&P 500 index.
Key Metrics
- Ticker symbol: AAP
- Market capitalization: $14.4 billion
- Revenue: $10.6 billion (2022)
- Net income: $1.2 billion (2022)
Stock Performance
AAP's stock has been on a steady upward trend in recent years. The stock price has risen from $125 in 2017 to over $200 in 2023.
The company's strong financial performance has been a major factor in its stock's success. AAP has reported positive earnings growth in each of the past five years.
News and Events
- AAP announced a $250 million share repurchase program in January 2023.
- The company opened 100 new stores in 2022, bringing its total store count to over 4,000.
- AAP is investing in e-commerce and omnichannel initiatives to drive future growth.
Outlook
AAP is well-positioned for continued growth in the future. The company's strong financial position and investment in e-commerce and omnichannel initiatives should help it to continue to gain market share and outpace the competition.
Investors should expect AAP's stock to continue to perform well in the coming years.