SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 4.1% Passive Stake in Advance Auto Parts
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, disclosing a passive beneficial ownership of 4.1% of Advance Auto Parts Inc.'s common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership of common stock in ADVANCE AUTO PARTS INC.
- As of December 31, 2024, FMR LLC and Abigail P. Johnson collectively beneficially own 2,438,544.36 shares of ADVANCE AUTO PARTS INC. common stock.
- This aggregate amount represents 4.1% of the class of ADVANCE AUTO PARTS INC. common stock outstanding.
- FMR LLC holds sole voting power over 2,436,554.00 shares and sole dispositive power over 2,438,544.36 shares.
- Abigail P. Johnson holds sole dispositive power over 2,438,544.36 shares, with no sole or shared voting power directly attributed.
- The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
- FMR LLC is classified as a parent holding company, with subsidiaries like FIAM LLC, Fidelity Management & Research Company LLC, and Strategic Advisers LLC classified as investment advisers, and Fidelity Management Trust Company as a bank.
- Abigail P. Johnson is identified as a Director, Chairman, and Chief Executive Officer of FMR LLC, and a predominant owner of FMR LLC's voting common shares through the Johnson family group.
Sentiment
Score: 5
Explanation: The document is a routine ownership disclosure (Schedule 13G) and does not contain information related to the issuer's financial performance or operational outlook, thus maintaining a neutral sentiment.
Future Outlook
The document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance regarding the issuer's future performance or outlook.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
This Schedule 13G filing is a routine disclosure of passive institutional ownership and does not provide specific insights into broader industry trends or competitive dynamics within the automotive parts retail sector. It merely updates the public record on a significant investor's stake.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where the Power of Attorney (Exhibit 24) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (Exhibit 24) was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date for ownership). |
| 2025-02-11 | Signature date of the Schedule 13G filing by FMR LLC and Abigail P. Johnson. |
Keywords
Advance Auto Parts, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, passive investment, institutional investor
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