Autozone - Auto parts retailer benefits from increasing sales!
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Business Driver: AutoZone (AZO) is one of the largest suppliers of automotive spare parts and accessories, with over 7,000 branches in the USA, Mexico, and Brazil. The company benefits long-term from structural trends such as an aging vehicle fleet, higher repair rates, and increasing costs of new cars. In the recently concluded Q1, they reported a decrease in EPS from $32.52 to $31.04, falling short of expectations of $32.37. They also slightly underperformed in revenue, with an increase of +8.2% to $4.63 billion, compared to analyst estimates....
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