 |
 Video: What is a Stock Split?
|
|
|
| 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. According to our AAP split history records, Advance Auto Parts has had 2 splits. | |
|
Advance Auto Parts (AAP) has 2 splits in our AAP split history database. The first split for AAP took place on January 05, 2004. This was a 2 for 1 split, meaning for each share of AAP owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. AAP's second split took place on September 26, 2005. This was a 3 for 2 split, meaning for each 2 shares of AAP owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split.
When a company such as Advance Auto Parts splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the AAP split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Advance Auto Parts shares, starting with a $10,000 purchase of AAP, presented on a split-history-adjusted basis factoring in the complete AAP split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
09/17/2014 |
|
| End date: |
09/13/2024 |
|
| Start price/share: |
$134.37 |
|
| End price/share: |
$41.43 |
|
| Starting shares: |
74.42 |
|
| Ending shares: |
82.24 |
|
| Dividends reinvested/share: |
$14.32 |
|
| Total return: |
-65.93% |
|
| Average Annual Total Return: |
-10.21% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$3,407.28 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
09/17/2014 |
|
| End date: |
09/13/2024 |
|
| Start price/share: |
$134.37 |
|
| End price/share: |
$41.43 |
|
| Dividends collected/share: |
$14.32 |
|
| Total return: |
-58.51% |
|
| Average Annual Total Return: |
-8.42% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$4,150.60 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 01/05/2004 | 2 for 1 | | 09/26/2005 | 3 for 2 |
|
|
Free AAP Email Alerts:
