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Markets · Investing · Business
Finance
Is Autozone a Buy After Its Latest Earnings Report?
The stock has slipped over the last year, but it still looks well-positioned for the long term.
AutoZone (NYSE:AZO) doesn't get a lot of fanfare on the stock market, but it's quietly been one of the best-performing stocks for decades.
Its hub-and-spoke business model, in which larger central stores can resupply satellite ones, consistent expansion, and steadily growing demand for aftermarket auto parts have made the company a winner over its history. The stock is up nearly 300% over the last decade.
Details
However, over the last year, the company's winning ways have changed as the stock has fallen nearly 40% from its peak due to a stretched valuation and sluggish growth in the DIY sector as inflation has pinched consumers' wallets.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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