Advance Auto Parts, Inc. is an automotive aftermarket parts provider headquartered in Raleigh, North Carolina. The company operates a network of over 4,200 retail stores across North America, serving both professional installers and do-it-yourself (DIY) customers. It offers a wide selection of brand-name, original equipment manufacturer (OEM), and private-label automotive replacement parts, accessories, batteries, and maintenance items.
The Company's concentration of credit risk is limited because its customer base consists of a large number of customers with relatively small balances, which spreads credit risk across a broad base. No single customer represents a significant concentration of revenue or receivables; the Company serves both professional (Pro) and do-it-yourself (DIY) customers.