Should You Avoid AutoZone Stock, Even Near a 52-Week Low?
Is AutoZone's slide a warning sign or a buying opportunity? The company's commercial growth and MegaHub expansion suggest the latter.
Overview
AutoZone (NYSE: AZO) shares are trading around $3,027 on Aug. 25. That's down 26.9% over the past year and 20% over the past six months, and the stock is hovering just 4.3% above 52-week lows.
For a company that just posted its best quarterly sales growth in three years, that decline invites a question: Is the market seeing a problem that the numbers aren't showing yet, or is this simply a valuation reset for a stock that ran hot?
Details
AutoZone's stock is down for a couple of sensible reasons.
Source
Originally published at www.fool.com.
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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.