---
schema_version: "secwatch.filing_event.v1"
accession: "0001158449-24-000229"
form_type: "8-K"
ticker: "AAP"
cik: "0001158449"
company_name: "ADVANCE AUTO PARTS INC"
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:18:08.910571+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Advance Auto Parts closes $1.5B sale of Worldpac to Carlyle; net proceeds ~$1.2B

## Summary
- Sale completed Nov 1, 2024 for ~$1.5B in cash; net proceeds estimated at ~$1.2B after taxes and transaction costs.
- Historical Worldpac results will be reported as discontinued operations from Q3 2024 onward.
- Company plans to provide strategic priorities update and revised annual financial guidance on Nov 14, 2024 together with Q3 results.
- Pro forma financials show FY2023 net income swings from $29.7M to a loss of $30M excluding Worldpac contribution.
- Proceeds expected to be used for working capital, operational improvements, and debt repayment/refinancing.

## SEC filing metadata
- accession: 0001158449-24-000229
- form_type: 8-K
- ticker: AAP
- cik: 0001158449
- company_name: ADVANCE AUTO PARTS INC
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158449/000115844924000229/0001158449-24-000229-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158449/000115844924000229/aap-20241101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001158449-24-000229
- JSON: https://secwatch.observer/filing/0001158449-24-000229.json
- Plain text: https://secwatch.observer/filing/0001158449-24-000229.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.