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The company has been expanding its footprint by opening new stores and increasing its online presence. In addition, AAP has continued to make progress on its Do It Yourself (DIY) e-commerce platform. Plus, its acquisition of the DieHard brand is aiding sales growth.
AAP has a current ratio of 1.3, which indicates it has more than enough liquidity to handle short-term obligations. This has led to a Quality Grade of A in our POWR Ratings system. Its gross margin of 44.9% is also above the industry average.
