AllAnalyst Report
logoMorningstarJanuary 07, 2021

Advance Auto Parts, Inc.: Pandemic Spurs Fleeting Sales Lift, but Advance’s Long-Term Initiatives Should Drive Lasting Value

Symbols
AAP
Sector(s)
Consumer Cyclical
Rating
Current Price
$73.29
Fair Value
Economic Moat
Stewardship
Summary

Advance Auto Parts is one of the industry’s largest retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in North America. Advance operated 5,037 stores as of the end of 2019, in addition to servicing 1,253 independently owned Carquest stores. The company’s Worldpac unit is a premier distributor of imported original-equi

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Analyst Profile

Zain Akbari

Equity Analyst
Zain Akbari, CFA, is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers food companies, auto parts retailers, and information services firms.Before joining Morningstar in 2015, Akbari spent several years at UBS, most recently leading the firm’s Liability Management, Americas team. During his time at UBS, Akbari structured and executed bond buybacks, exchange offers, and covenant modifications for investment-grade, high-yield, and convertible securities issued by American and Asian companies.Akbari holds a bachelor’s degree in finance and real estate from The Wharton School of The University of Pennsylvania and master’s degree in business administration from the University of Chicago Booth School of Business.