AutoZone’s Stock Falls 1.4%, Lags Market

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AUTOZONE ($NYSE:AZO): AutoZone Inc. (NYSE: AZO) is a leading retailer and distributor of automotive parts, accessories and other related products. The company’s stock fell 1.4% on Thursday, lagging behind the market. The company’s extensive distribution network ensures that it has a strong presence in all major markets. AutoZone’s focus on providing excellent customer service has helped it to build a loyal customer base. Despite the company’s strong fundamentals, its stock has underperformed the market in recent months. One reason for this may be the company’s relatively high valuation. Another factor that may be weighing on the stock is the slowing growth of the U.S. automotive market. Auto sales in the United States have been declining for the past two years and are expected to continue to do so in the near future. This could impact AutoZone’s top-line growth.

However, its relatively high valuation and the headwinds facing the automotive industry are likely to keep its stock under pressure in the near term.

Market Price

AutoZone‘s stock fell 1.4% on Friday, lagging the market. So far, media coverage of the company has been mostly positive. However, some investors are concerned about AutoZone’s recent performance. On Friday, the stock opened at $2434.5 and closed at $2460.8, up by 1.7% from the previous closing price of $2420.8. Live Quote…

About the Company

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on AUTOZONE are made simple by VI app. VI Star Chart shows that AUTOZONE is strong in growth, profitability, medium in asset and weak in dividend. AUTOZONE has a high health score of 7/10 with regard to its cashflows and debt, is capable to sustain future operations in times of crisis. AUTOZONE is classified as ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. What type of investors may interested in such company. More…

VI Peers

AutoZone Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the United States. Founded in 1979, AutoZone has over 6,000 stores across the United States, Mexico, and Brazil. The company is based in Memphis, Tennessee.

AutoZone is the leading retailer of aftermarket automotive parts and accessories in the United States. With over 6,000 stores across the United States, Mexico, and Brazil, AutoZone is the go-to destination for all your automotive needs. From oil changes to new tires, AutoZone has everything you need to keep your car running smoothly.

Advance Auto Parts, Inc. is an American automotive aftermarket parts provider that is headquartered in Raleigh, North Carolina. Advance Auto Parts operates in approximately 3,700 stores and 150 Worldpac branches in the United States, Puerto Rico, and the Virgin Islands.

O’Reilly Automotive, Inc. is an American chain of auto parts stores founded in 1957 by the O’Reilly family. It operates more than 5,000 stores in 47 states.

Five Below, Inc. is an American discount store chain selling products that cost up to $5. Among the merchandise sold are toys, games, fashion accessories, bath and body products, candy, snacks, room décor, school supplies, books, and novelty items.

– O’Reilly Automotive Inc ($NASDAQ:ORLY)

O’Reilly Automotive Inc is a publicly traded company with a market cap of 46.99B as of 2022. The company has a Return on Equity of -312.91%. O’Reilly Automotive Inc is a retailer of automotive aftermarket parts, tools, and supplies in the United States. The company operates through four segments: Retail, Commercial, e-Commerce, and Other.

– Five Below Inc ($NASDAQ:FIVE)

Five Below Inc is a publicly traded company with a market capitalization of 7.79 billion as of 2022. The company has a return on equity of 18.02%. Five Below Inc is a specialty retailer that offers a variety of merchandise for teenagers and pre-teens at prices that are “five dollars and below.” The company was founded in 2002 and is headquartered in Philadelphia, Pennsylvania.

– Advance Auto Parts Inc ($NYSE:AAP)

Advance Auto Parts is a leading retailer of automotive parts and accessories in the United States. The company operates over 5,000 stores across the country and employs over 70,000 people. Advance Auto Parts is a publicly traded company on the New York Stock Exchange and has a market capitalization of over $10 billion as of 2021. The company has a strong history of profitability and has a return on equity of over 16%. Advance Auto Parts is a well-run company with a strong balance sheet and a commitment to customer satisfaction. The company is a great choice for investors looking for a stable and profitable business.

Summary

If you’re considering investing in AutoZone, it’s worth taking a closer look at the company and its financials. The company has a strong track record of sales and earnings growth, and is well-positioned to continue delivering shareholder value in the years ahead. Despite this, the company remains a solid long-term investment.

The company is also well-positioned to benefit from trends like the continued growth of the do-it-yourself automotive repair market. If you’re looking for a stock with strong long-term growth potential, AutoZone is worth considering.