Advance Auto Parts (AAP) has hired Blackstone to explore a sale of the company, CNBC's David Faber repots, citing sources. Advance Auto is speaking mainly to private equity firms, and a sale price could top $6B, Faber added. Shares of Advance Auto Parts jumped 8.8% following the report, before being halted for volatility. Peers of Advance Auto Parts include Pep Boys (PBY), O'Reilly Automotive (ORLY), AutoZone (AZO).
- Advance Auto Parts