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Memphis, Tennessee-based AutoZone, Inc. (AZO) specializes in the retail and distribution of automotive replacement parts and accessories. Valued at $53.9 billion by market cap, the company provides a comprehensive range of products for cars, SUVs, vans, and light trucks, including both new and remanufactured hard parts, maintenance supplies, accessories, and non-automotive items.
Shares of the specialty retailer have underperformed the broader market over the past year. Over the past 52 weeks, AutoZone’s stock has rallied 22.1%, lagging behind the S&P 500 Index’s ($SPX) 32.6% returns. In 2024, AZO gained 15.7% compared to SPX’s 26.5% gains on a YTD basis.