Advance Auto Parts, Inc. is an automotive aftermarket parts provider in North America, serving both professional installers (professional) and do-it-yourself (DIY) customers, as well as independently owned operators. Its stores and branches offer a range selection of brand names, original equipment manufacturer (OEM) and owned brand automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy-duty trucks. Its stores operate primarily under the trade names Advance Auto Parts and Carquest and its branches operate under the Worldpac trade names. We show 58 historical shares outstanding datapoints in our AAP shares outstanding history coverage, used to compute AAP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing AAP market cap history over the course of time is important for investors
interested in comparing AAP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of AAP versus a peer is one thing; comparing
AAP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like AAP can fluctuate over the course of history.
With this page we aim to empower investors researching AAP by allowing them to research the AAP market cap history. |
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Video: The Importance of Market Cap
