ADVANCE AUTO PARTS, INC.
boothcheck covers ADVANCE AUTO PARTS, INC. (AAP) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 25, 2026.
• The footprint shrank on purpose and the shrinking is finished: ⟦"During 2025, 39 stores were opened and 522 were closed, resulting in a total of 4,305 stores as of January 3, 2026"⟧, and the company says the remaining base holds the highest or second highest share by store count in about 75% of its markets. • What the market pays is roughly 10.6 times the operating income this business earns through its own cycle, a level that sits below what even a 5% annual decline in operating profit would
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343 institutional managers reported holding AAP in 13F filings for the quarter ended 2026-03-31. 38 opened new positions that quarter. Held by BlackRock, T. Rowe Price, Vanguard Group, among others. On the short side, 12.3M shares were sold short as of the 2026-06-15 count, about 20% of shares outstanding (6.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AAP has cut its share count 7.2% over the past five years, spending $1.37B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $1.00 a share annually. Cash returned over the past three years: $269.66M in dividends and $20.41M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at AAP over the trailing three years: 2023: 3 buys totaling $580k; 2024: 9 buys totaling $1.04M; 2025: 4 buys totaling $599k. 23 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AAP's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-24 | +0.8% | -24.9% |
| 2023-11-22 | -8.5% | +24.4% |
| 2024-03-13 | +5.5% | -5.1% |
| 2024-05-31 | -4.6% | -13.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AAP's latest 8-K filings: 2026-08-20 (items 2.02, 9.01); 2026-06-26 (items 5.02, 9.01); 2026-05-22 (items 5.07, 9.01); 2026-05-21 (items 2.02, 9.01); 2026-03-10 (items 5.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.