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Advance Auto Parts Inc.

Advance Auto Parts Inc.

Advance Auto Parts Inc. is a leading provider of automotive aftermarket parts in North America. The company serves a wide customer base, including both 'do-it-yourself' (DIY) individuals and professional installers. Its extensive network comprises thousands of stores operating primarily under the Advance Auto Parts and Carquest brand names. These outlets offer a broad selection of replacement parts, accessories, batteries, and maintenance items for a variety of vehicles, from domestic cars to light and heavy-duty trucks. The company's reach extends across the United States, Canada, Puerto Rico, and other territories through a combination of company-operated stores and independently owned locations. Investors may be interested in its significant footprint in the automotive repair market, a sector that often experiences steady demand as vehicle owners focus on maintenance and upkeep. Of course, past performance is not an indicator of future results.

Stock Performance Snapshot

Hold

Analyst Rating

Analysts suggest keeping Advance Auto Parts stock as it has potential for slight growth.

Above Average

Financial Health

Advance Auto Parts is performing well with strong revenue and cash flow, indicating good financial stability.

Average

Dividend

Advance Auto Parts' dividend yield of 2.28% is moderate, making it a decent choice for dividend-seeking investors. If you invested $1000 you would be paid $22.80 a year in dividends (based on the last 12 months).

Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.

Why You’ll Want to Watch This Stock

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A Pillar of Aftermarket Sales

With a huge network of stores, Advance Auto Parts is a major player in the automotive repair industry, which can be resilient as people maintain their vehicles. Competition in this space is always a factor to watch.

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Serving Two Key Markets

The company targets both individual DIY car enthusiasts and professional mechanics, which helps create diverse revenue streams. An investor may wish to observe how well it balances the needs of these different groups.

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A Consistent Revenue Base

The company has historically shown strong revenue figures, suggesting a steady demand for its automotive parts and services. Remember, past performance is no guarantee of future returns.

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