[3] In November 2024, Advance Auto Parts announced it would close four distribution centers, 523 corporate stores and 204 independent locations after a quarterly report showed a drop in profits.

[8] The company retails various brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

[citation needed] Advance Auto Parts shares are mainly held by institutional investors such as The Vanguard Group, BlackRock, State Street Corporation, and others.

[16][17] In December 2012, Advance Auto Parts acquired BWP Distributors—a Carquest franchise for the New England region—that included the transfer of 124 company owned retail locations plus 2 distribution centers.

[21] On September 30, 2015, Starboard Value LP, an activist investment firm disclosed they had taken a 3.7 percent stake in Advance Auto Parts.

[25] In November 2018, Advance Auto Parts announced the relocation of its headquarters from Roanoke, Virginia to Raleigh, North Carolina.

On December 23, 2019, Advance Auto Parts announced its purchase of the DieHard battery brand from Sears in a $200 million, all-cash deal.

[30] In August 2024, Advance Auto Parts announced it had sold Worldpac to the investment firm Carlyle for $1.5 billion.

[32] In July 2024, Advance Auto Parts announced a data breach which included the theft of personally identifiable information (PII) of nearly 3 million customers.

The stolen data included customer and employee names, social security numbers, birthdates, and other private information.

[33][34][35] On November 14, 2024, Advance Auto Parts announced plans to close 523 corporate stores, 204 independently-owned locations, and four distribution centers by the middle of 2025.

[44] Current sponsorships include Team Penske (with driver Ryan Blaney) in NASCAR; and Josh Hart who represents Advance's TechNet Professional brand in the Top Fuel class of NHRA.