Advance Auto Parts 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. Co.'s stores and branches provide a selection of brand name, original equipment manufacturer and brand owned automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. Through its integrated operating approach, Co. serves its Professional and DIY customers through a variety of channels ranging from brick and mortar store locations to self-service e-commerce sites. We show 55 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
