Auto News

- Fourth Quarter Sales $4.6 billion, Up 9%, and Record Full Year Sales $18.7 billion, Up 15% - View the full article

- Dividend for 2019 Increased by 6% - View the full article

Fourth Quarter Net Sales Increased 3.3% to $2.1B Comparable Store Sales Increased 3.4% Full Year Net Sales Increased 2.2% to $9.6B Comparable Store Sales Increased 2.3% Operating Cash Flow Increased 35.0% to $811.0M; Free Cash Flow Increased 50.2% to $617.3M RALEIGH, N.C.--(BUSINESS WIRE)--Feb. 19, 2019-- 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, today announced its financial results for the fourth quarter and full year ended December 29, 2018. “I am proud to report another ... View the full article

-Expands Automation Solutions Group with Acquisition of Axis New England and Axis New York- View the full article

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H&R Block President and CEO Jeffrey J. Jones II, and former Best Buy executive Sharon L. McCollam join Board of Directors RALEIGH, N.C.--(BUSINESS WIRE)--Feb. 13, 2019-- 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, today announced two new appointments to its Board of Directors. Jeffrey J. Jones II, President, CEO and Director of H&R Block, Inc., and Sharon L. McCollam, former Chief Administrative and Chief Financial Officer of Best Buy Co., Inc., have been appointed to the Board, eff... View the full article

SPRINGFIELD, Mo., Feb. 06, 2019 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenues and earnings for its fourth quarter and full year ended December 31, 2018. The results represent 26 consecutive years of comparable store sales growth and record revenue and operating income for O’Reilly since becoming a public company in April of 1993. View the full article

SPRINGFIELD, Mo., Feb. 06, 2019 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenues and earnings for its fourth quarter and full year ended December 31, 2018. The results represent 26 consecutive years of comparable store sales growth and record revenue and operating income for O’Reilly since becoming a public company in April of 1993. View the full article

SPRINGFIELD, Mo., Feb. 06, 2019 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenues and earnings for its fourth quarter and full year ended December 31, 2018. The results represent 26 consecutive years of comparable store sales growth and record revenue and operating income for O’Reilly since becoming a public company in April of 1993. View the full article

Heroic military veterans to serve as Grand Marshal and Honorary Pace Car Driver for the annual NASCAR preseason race at Daytona International Speedway RALEIGH, N.C.--(BUSINESS WIRE)--Feb. 5, 2019-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers, today announced that Army Master Sgt. George Vera and Marine Sgt. Kirstie Ennis, both wounded veterans, will serve as dignitaries for the 2019 Advance Auto Parts Clash, Feb. 10, at Daytona International Speedway in Daytona, Fla. Vera, who will serve as Gran... View the full article

Appoints Distribution Industry Executive to Lead North American Automotive Business ATLANTA, Feb. 1, 2019 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today that Scott A. Sonnemaker has joined the Company as Group President, North American Automotive. In this key role, created to further the Company's global focus, Mr. Sonnemaker will have responsibility for all aspects of the automotive business in the U.S., Canada and Mexico. Mr. Sonnemaker is a seasoned executive in the distribution industry, having spent many years leading teams in the complex, multi-vertical structure of food service distribution at Sysco Corporation. Upon joining Sysco in 1996, Mr. Sonnemaker advanced his career with progressively larger sales and operational leadership positions, including several key executive level roles. Most recently, Mr. Sonnemaker served Sysco as Senior Vice President, International Americas, which included responsibility for Canada, Mexico, Central and South America and the Caribbean. Previously, he was Chief Customer Officer and Senior Vice President of Sales from 2010 to 2016. Prior to his tenure at Sysco, Mr. Sonnemaker served in the U.S. Navy from 1985 to 1990, and he was National Sales Manager for Mobil Corporation from 1990 until 1996. Paul Donahue, President and Chief Executive Officer of Genuine Parts Company, stated, "We are excited to welcome Scott to the Genuine Parts Company family. Scott is a proven leader and executive with an extensive distribution background making him an excellent choice for this new role. As Group President for our North American Automotive business, Scott will lead our talented and experienced management teams to maximize the future growth potential for this important segment of the Company." About Genuine Parts Company Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the U.K., Germany and Poland. The Company also distributes industrial replacement parts and electrical specialty materials in the U.S., Canada and Mexico through its Industrial Parts Group. S.P. Richards, the Company's Business Products Group, distributes a variety of business products in the U.S. and in Canada. Genuine Parts Company had 2017 revenues of $16.3 billion. Further information is available at www.genpt.com. SOURCE Genuine Parts Company For further information: Carol B. Yancey, Executive Vice President and CFO - (678) 934-5044, Sidney G. Jones, Senior Vice President - Investor Relations - (678) 934-5628 View the full article

RALEIGH, N.C.--(BUSINESS WIRE)--Jan. 29, 2019-- 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, today announced it will redeem the $300 million aggregate principle of its 5.750% Notes due 2020 using available cash on hand. “I am pleased with our teams’ ability to deliver meaningful financial and operational improvements over the past several quarters,” said Executive Vice President and Chief Financial Officer Jeff Shepherd. “We remain incredibly disciplined in our approach to managing cash and ... View the full article

Carquest stores from Peekskill, N.Y., Rawlins, Wyo., Freeport, Ill., and Mahwah, N.J. take top honors RALEIGH, N.C.--(BUSINESS WIRE)--Jan. 28, 2019-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers, named its 2018 Top Performing Independent Partner Award Winners during its recent Leadership Summit in Dallas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190128005399/en/ Advance Auto Parts 2018 Top Performing Independent Partner award winners celebrate their w... View the full article

RALEIGH, N.C.--(BUSINESS WIRE)--Jan. 28, 2019-- 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, will report its fourth quarter and full year 2018 results before the market opens on Tuesday, February 19, 2019. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Tuesday, February 19, 2019. The webcast will be accessible via the Investor Relations page of the company’s website (www.AdvanceAutoParts.com). For individuals unable to access the webcast, t... View the full article

Advance to provide automotive parts and training support to MWACA member facilities RALEIGH, N.C.--(BUSINESS WIRE)--Jan. 22, 2019-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers, today announced a supply partnership with the Midwest Auto Care Alliance (MWACA), https://www.mwaca.org, to provide automotive parts and training support to its member facilities. The newly formed MWACA, formerly known as ASA Midwest, is a nonprofit association led by independent shop owners. MWACA focuses on offering its... View the full article

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Alliance Automotive Group Acquires German Hennig Fahrzeugteile Group View the full article

SPRINGFIELD, Mo., Jan. 02, 2019 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, announces the release date for its fourth quarter and full-year 2018 results as Wednesday, February 6, 2019, with a conference call to follow on Thursday, February 7, 2019. View the full article

SPRINGFIELD, Mo., Jan. 02, 2019 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, announces the release date for its fourth quarter and full-year 2018 results as Wednesday, February 6, 2019, with a conference call to follow on Thursday, February 7, 2019. View the full article

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Appoints U.S. Automotive Parts Group President and Motion Industries President View the full article

Customer platform makes it easier for automotive aftermarket professionals to run their business from a single screen RALEIGH, N.C.--(BUSINESS WIRE)--Dec. 6, 2018-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers, has completed the nationwide rollout of its MyAdvance website, an interactive, easy-to–use, mobile-friendly platform that simplifies the way professional customers do business. Now, automotive aftermarket professional customers can easily manage multiple facets of their business from a single site, including pa... View the full article

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