Advance Auto Parts

Advance Auto Parts helps people fix and maintain their cars and trucks. They sell parts to professional mechanics and do-it-yourselfers. These products keep vehicles running safely on the road.

What’s Under the Hood?

• Parts and Batteries: Replacement components and power sources for various vehicle types; accounts for 64% of net sales in Q1 2026.
• Accessories and Chemicals: Cleaning supplies, floor mats, and interior items; represents 21% of net sales in Q1 2026.
• Engine Maintenance: Fluids, filters, and additives used for routine engine care; makes up 14% of net sales in Q1 2026.
• Service Offerings: Professional tools, battery installation, and engine light testing for customers.

Fixing the Foundation

• Sold Worldpac in late 2024 and completed final capital adjustments in early 2026.
• Approved a plan in November 2024 to close 500 stores and 200 independent Carquest locations.
• Began converting certain distribution centers into market hubs to speed up local parts delivery.
• Introduced a supply chain optimization plan in 2023 to reduce total distribution facility counts.

Reach and Operations

Advance Auto Parts manages a network of 4,308 stores and 797 independent locations throughout North America. The company serves two distinct groups by providing parts for professional garages and individual car owners.

By the Numbers

• Net sales reached $2.6 billion in Q1 2026, up 1.2% from the same period in 2025.
• Operating income turned to $69 million in Q1 2026 from a loss of $131 million in Q1 2025.
• Free cash flow was negative $75 million in Q1 2026, narrowing from negative $198 million in Q1 2025.
• Gross profit rose to $1.2 billion in Q1 2026, a 6.4% increase year-over-year.

Final Word

Advance Auto Parts is currently undergoing a significant restructuring to simplify its supply chain. The company is closing underperforming stores to focus on its most profitable operations.