Ranjit Thomas

Lampert Sells More AutoZone Shares: What Happens Now?

Don't see anything wrong in Lampert selling to lighten his substantial stake. AZO doesn't look overvalued at 13x EPS and FCF, and management should be lauded for actively returning cash to shareholders. Compare it to ORLY, for instance, that is trading at 20x EPS, where trailing FCF is negative (calling into question their earnings quality), and management is busy dumping their stock.