AutoZone is a leading retailer and distributor of automotive replacement parts and accessories in the United States. The company specializes in providing a wide range of products for various vehicles, including auto parts, tools, and maintenance supplies, catering to both DIY consumers and professional mechanics. With a strong focus on customer service, AutoZone offers comprehensive support, such as vehicle diagnostics and advice, helping customers find the right parts for their needs. The company's extensive network of stores and distribution centers allows it to maintain high inventory levels and respond efficiently to customer demands, solidifying its position as a key player in the automotive aftermarket industry. Read More
As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the auto parts retailer industry, including AutoZone (NYSE:AZO) and its peers.
Since August 2020, the S&P 500 has delivered a total return of 90.8%. But one standout stock has more than doubled the market - over the past five years, AutoZone has surged 237% to $4,001 per share. Its momentum hasn’t stopped as it’s also gained 15.3% in the last six months, beating the S&P by 9.9%.
Retailers are adapting their business models as technology changes how people shop. Still, secular trends are working against their favor as e-commerce continues to take share from brick and mortars.
This puts retail stocks in a tough spot, and over the past six months, the industry has pulled back by 2%. This drop was disheartening since the S&P 500 gained 5.7%.
When Wall Street turns bearish on a stock, it’s worth paying attention.
These calls stand out because analysts rarely issue grim ratings on companies for fear their firms will lose out in other business lines such as M&A advisory.
The S&P 500 (^GSPC) is often seen as a benchmark for strong businesses, but that doesn’t mean every stock is worth owning.
Some companies face significant challenges, whether it’s stagnating growth, heavy debt, or disruptive new competitors.
The Caviar Cruise strategy identifies high-quality stocks like AutoZone (AZO) with strong revenue growth, high ROIC, solid cash flow, and efficient operations for long-term investors.
The stocks featured in this article have all approached their 52-week highs.
When these price levels hit, it typically signals strong business execution, positive market sentiment, or significant industry tailwinds.
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Let's have a look at what is happening on the US markets one hour before the close of the markets on Monday. Below you can find the top S&P500 gainers and losers in today's session.
