Reasons Why AutoZone Should Be On Your Watchlist

Sep. 11, 2023 12:33 PM ETAutoZone, Inc. (AZO) StockAZO3 Comments
I.M Investing
455 Followers

Summary

  • AutoZone is a leading US distributor of automotive parts and accessories.
  • The company has achieved strong revenue and EPS growth through aggressive buybacks and cost control.
  • AutoZone's strategic positioning and expansion into new markets will further enhance future earnings.
  • My valuation indicates an implied price target of $2,761 by the end of fiscal year 2024.

AutoZone Earnings Beat Estimates As Pandemic Increases Auto Parts Demand

Justin Sullivan

Investment Thesis

When I first added AutoZone (NYSE:AZO) to my watchlist and started to look into the company, I assumed it would have a massive following on Seeking Alpha, given they have crushed the S&P 500 over the past ten years, but

This article was written by

455 Followers
I.M Investing is a college junior majoring in finance. He looks for high-quality dominant businesses, buys them at an attractive valuation to maximize returns.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I'm not a qualified financial advisor or investing professional. My content and analysis are based on my opinion and are intended to be used and must be used for educational purposes only. No content or analysis constitutes or should be understood as constituting a recommendation to enter into any securities transactions or to engage in any investment strategy. It is very important to do your own analysis before making any investment based on your own personal circumstances. Readers should always seek the advice of a qualified professional before making any investment decision. Past performance is not indicative of future performance. A reader should not make personal financial, or investment decisions based solely upon this analysis.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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