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Elliott Maintains Top-10 Points Position after Phoenix
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By Advance Auto Parts
Leading automotive aftermarket parts provider also investing to improve customer experience, increase parts availability and speed of service with same-day delivery
RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced today that it has completed the store closure phase of its transformation plan and is entering its next phase of returning to growth.
Optimization of the retail footprint was key to Advance’s broader transformation plan to reposition the company for long-term success. Now, more than 75% of the Company’s stores are in markets where the company has the No. 1 or No. 2 position based on store density, strengthening its presence in strategic communities.
With that phase complete, the Company now expects to open 30 new locations in the United States in 2025 and at least an additional 100 new locations through 2027, including larger “market hubs.”
Since the beginning of this year, Advance has opened six new stores in Florida, New Jersey, Tennessee and Virginia. Over the next several months, the company expects to open additional stores to serve customers across communities in Florida, Illinois, Maryland, Ohio, Virginia and Wisconsin.
Advance is also continuing the expansion of market hubs with new openings soon in the Midwest. These larger stores will increase availability of parts by placing approximately 75,000 to 85,000 SKUs closer to customers and other local Advance stores, as well as improve Advance’s speed of service with same-day delivery of parts. By comparison, typical Advance stores carry between 20,000 to 25,000 SKUs.
“Advance Auto Parts is on the path to accelerate store growth and focused on the fundamentals of selling auto parts,” said Shane O’Kelly, president and chief executive officer. “We are excited about what’s to come for Advance. Our team members are committed to providing the right parts and the right service for our PRO and DIY customers in their communities.”
In addition to new store openings, Advance is creating a better customer experience. The Company’s previously announced incremental capital expenditure plan includes additional investments in existing stores related to IT infrastructure, equipment, store repairs and improved inventory and delivery. Advance is also providing additional training to team members to enhance customer experience.
About Advance Auto Parts
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of December 28, 2024, Advance operated 4,788 stores primarily within the United States, with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands. The company also served 934 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at
link hidden, please login to view. Forward-Looking Statements
Certain statements herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identifiable by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast, “guidance,” “intend,” “likely,” “may,” “plan,” “position,” “possible,” “potential,” “probable,” “project,” “should,” “strategy,” “target,” “will,” or similar language. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements about the Company’s strategic initiatives, restructuring and asset optimization plans, store and location opening plans, operational plans and objectives, and statements regarding expectations for future business and financial performance, as well as statements regarding underlying assumptions related thereto. Forward-looking statements reflect the Company’s views based on historical results, current information and assumptions related to future developments. Except as may be required by law, the Company undertakes no obligation to update any forward-looking statements made herein. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements. They include, among others, the Company’s ability to hire, train and retain qualified employees, the timing and implementation of strategic initiatives, risks associated with the Company’s restructuring and asset optimization plans, deterioration of general macroeconomic conditions, geopolitical factors including increased tariffs and trade restrictions, the highly competitive nature of the industry, demand for the Company’s products and services, risks relating to the impairment of assets, including intangible assets such as goodwill, access to financing on favorable terms, complexities in the Company’s inventory and supply chain and challenges with transforming and growing its business. Please refer to “Item 1A. Risk Factors” of the company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), as updated by the company’s subsequent filings with the SEC, for a description of these and other risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements.
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By Counterman
With the recent announcement that MotorTrendTV has ceased production of its automotive enthusiast programming, including Hot Rod Garage, Roadkill and its affiliated titles, as well as Garage Squad, my social media (and the internet in general) has been filled with doomsday prophecies about the end of automotive programming everywhere.
At a time of the year when I normally spend a lazy Sunday flipping channels rather than turning wrenches, the idea of not riding along virtually with Finnegan and Freiburger every week certainly caught me off guard. Fortunately, many reports of MotorTrendTV’s death have been greatly exaggerated, and none of us gearheads will be forced to interact socially with actual people rather than watching car shows in our off-hours. Here’s why…
The MotorTrend network is currently part of the Warner Brothers Discovery (WBD) family of media channels. Warner Brothers merged with Discovery back in 2022, and in the spring of 2024, all existing MT streaming content was moved from its own platform to Discovery+ and Max. MotorTrend Studios was a separate division of WBD, responsible for producing content that appeared on MotorTrendTV. In November, content creators Joe Zolper (Garage Squad), David Freiburger (Roadkill), Alex Taylor (Hot Rod Garage) and Ian Rousseau (Full Custom Garage) have all taken to social media, confirming the rumors that production has ceased on those shows formerly produced by MotorTrend Studios.
Production had already wrapped on some of these affected shows, so there are still completed episodes that have yet to air. According to motortrend.com, “new content” from the cancelled MotorTrend Studios shows will be released throughout 2025 and into 2026. In the interim, many of the former MT hosts and other on-air talent are migrating back to the YouTube channels that originally spawned many of MotorTrend’s most popular programs.
It appears that the majority of MotorTrend programming for the near future will consist of re-runs of MT properties, as well as shows produced by companies not owned by the MotorTrend Group. Brenton Productions, headquartered in Tampa, FL, is currently promoting new episodes of Two Guys Garage, Build for Off-Road and TruckU, although no new information exists officially from Brenton regarding new episodes of All Girls Garage, Car Fix or Four Wheeler. With Ian Johnson scheduled to host Build for Off-Road, as well as his own YouTube channel (Big Tire Garage), it looks as though we’ve seen the last episode of Four Wheeler.
In Springfield, OR, Mark Worman and The Division Productions have already dropped Season 20 of Graveyard Carz, and across the pond, UK presenter Mike Brewer has confirmed that his long-running series Wheeler Dealers will return in 2025, although spinoff series Wheeler Dealers Dream Car is officially cancelled. Restoration Garage, a series following David Grainger and his shop in Ontario, Canada, as well as Dan Short’s Norfolk, VA-based show Fantomworks were both cancelled prior to the recent MotorTrend upheaval, but are enjoying new life on their respective YouTube channels.
Time will tell how the future of shows like these will play out, but for now, it looks like those of us who can’t get enough of cars and parts during the work week still have something to look forward to on weekends!
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By NAPA
Chase Elliott and the No. 9 link hidden, please login to view team qualified ninth for Sunday’s NASCAR Cup Series race at Iowa Speedway. The 28-year-old driver finished stage one in ninth and stage two in third as his No. 9 NAPA Auto Parts Chevrolet Camaro ZL1 showed speed on the long run. In the final stage, Elliott continued to battle inside the top 10 and advanced to third before the checkered flag waved. With the third-place result, the Dawsonville, Georgia, native took over the driver points standings lead by eight markers over Hendrick Motorsports teammate Kyle Larson. It was Elliott’s second consecutive top-five effort, seventh of the season and 100th of his young Cup career. Chase Elliott and the No. 9 NAPA Auto Parts team earned a ninth-place starting position for Sunday’s inaugural NASCAR Cup Series race at Iowa Speedway. The 28-year-old driver initially lost some ground to the leaders upon the drop of the green flag and was scored in 11th at the time of the first caution of the race on lap five. Under the yellow, Elliott reported that his No. 9 NAPA Auto Parts Chevrolet Camaro ZL1 was loose. Staying out, he lined up 11th for the restart on lap 10 and made his way back up to ninth by lap 41. As a long run ensued Elliott continued to gain ground, advancing to seventh before an incident brought out the caution. He relayed that he “overbuilt the right rear.” Once pit road opened, crew chief Alan Gustafson called Elliott in for four fresh tires and fuel. A fast stop gained the driver of the No. 9 a position on pit road, however two cars did not pit which put him eighth for the lap-59 restart. When the green-and-white checkered flag waved to end stage two, Elliott was scored in the ninth position.
During the stage break the team opted not to visit pit road, placing Elliott as the fifth driver to choose his lane to start the second stage. The Dawsonville, Georgia, native took the green flag from the inside of row two on lap 78. He continued to battle inside the top five until another caution slowed the race at lap 81. Staying out once again, Elliott lined up in the second row for the lap-87 restart. Getting loose, he dropped to seventh but found his way back inside the top five prior to lap 100. Showing speed on the long run, Elliott advanced to third on lap 130 and took over the second position less than 20 laps later. He set his sights on the leader and began reeling in the No. 12 of Ryan Blaney as green flag stops got under way. Elliott paced the field for one lap after Blaney made his way to pit road before he followed suit on lap 173. After pitting for four tires and fuel, Elliott returned to the track in 18th and was up to seventh as the pit cycle continued. When the caution came out on lap 182, the teams that still needed to pit made their stops. This put Elliott third in the running order. Once the race was back under way, he held his own inside the top five, finishing the stage in the third position.
Under the stage-ending caution, Elliott pitted for four tires and fuel. He lined up sixth to start the final stage on lap 219. Just one lap later, an incident brought out the caution. Elliott chose the outside of row four for the lap-228 restart. From there, the 2020 Cup Series champion maneuvered his way to fourth before the yellow flag was displayed on lap 260. Providing feedback to his crew that the NAPA Chevy was a little tight, the team made an air-pressure adjustment during its four-tire pit stop. Elliott was fifth to choose his lane, opting for the outside of row four for the restart on lap 267. He progressed to fifth by lap 272 and continued to climb, advancing to third before the checkered flag waved.
The result was Elliott’s second consecutive top-five effort, seventh of the season and 100th of his young Cup career. With the third-place result, the Dawsonville, Georgia, native took over the driver points standings lead by eight markers over Hendrick Motorsports teammate Kyle Larson.
“Our balance was just right, and I thought all day we had really good long run pace,” Elliott said. “I just really struggled to get going on restarts and just was really loose and just felt like I couldn’t attack like I needed to and just lost a lot of ground. Could make good pace there at the end of a run with our NAPA Chevy, just needed to be a little closer I think to keep the pressure on and keep things rolling. Anyway, I was proud of the effort and felt like we had a really good car and were right there in the fight.”
Start / Finish: 9 / 3
Points Standing / Total: 1st / 591 pts. (+8)
Next Race: Sunday, June 23, New Hampshire Motor Speedway
How to Watch or Listen: 2:30 p.m. ET on USA, PRN or SiriusXM
NAPA:
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