Advance Auto Parts announced the closure of over 700 stores with the release of the company's third-quarter report released Thursday. The Advance Auto Parts' gross profit increased 11% in the third ...

Advance Auto Parts delivers automotive parts and services to both professional installers and retail customers across North America.

Advance Auto Parts plans to close hundreds of locations across the country, with a particular focus on California and the Pacific Northwest, as it attempts to shore up persistent quarterly losses.

The auto parts retailer is restructuring its operations as it struggles with operational losses and declining sales. The stock soared after the company reported better-than-expected Q1 earnings.

Sold 65,664 shares of Advance Auto Parts. It no longer holds any shares in the auto parts retailer. The position represented 2.2% of the fund’s AUM as of Sept. 30. According to a SEC filing dated Jan.