Advance Auto Parts Inc
AAP: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.z><?FN | LOCK|>Zn | LOCK|kp> |
While Room for Operational Improvement Exists, Advance Faces Tough Competition From Larger Peers
Business Strategy and Outlook
For the better part of the past 15 years, Advance Auto Parts has grappled with bloated expenses and supply chain inefficiencies that continue to plague its cost structure and product availability. The company’s first two attempts at a strategic turnaround failed to materialize under past CEOs Darren Jackson (2008-15) and Tom Greco (2016-23). In 2023, the firm upon Shane O’Kelly to lead another turnaround.
