Autozone - Automotive Parts Retailer Benefits from Rising Sales!
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Business Driver: AutoZone (AZO) is one of the largest providers of automotive replacement parts and accessories, with over 7,000 locations in the USA, Mexico, and Brazil. The company benefits long-term from structural trends such as an aging vehicle fleet, higher repair rates, and rising costs for new cars. In the recently concluded Q1, it reported an EPS decline from 32.52 to 31.04 USD, falling short of expectations of 32.37 USD. It also slightly underperformed in revenue, achieving an increase of +8.2% to 4.63 billion USD, which was below analyst...
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