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Opinions Jason Snipe, CIO, Odyssey Capital Advisors
Autozone Inc.AZOBUYDec 06, 2023
$2718.44
Stock price when the opinion was issued
$3064.70
As of Jun 18, 2026. Market Open.
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Allan Tong’s Discover Picks You may be wondering about AutoZone , which also deals in auto parts. For starters, AZO’s PE is higher at 20.72x, pays no dividend, averages only 151,000 shares daily, but boasts a lower, safer beta of 0.75. Also in its favour, AZO has beaten the street in the last four quarters. That good news is reflected in the stock price, which covers hovers just below 52-week highs at $2,466. Read AAA: parts and supplies for our full analysis.
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BUY
There was a new car shortage and were high used car prices, so people fixed up their existing cars by replacing parts. But used car prices have fallen and new cars will also fall. But all these car parts stocks trade cheaply around 19-20x PE. AZO is the cheapest, so his favourite in this sector. Likes their non-stop share buybacks.
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Premium contentPAST TOP PICK
(A Top Pick Jan 27/22, Down 5.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with AZO has triggered its stop at $1800. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 11%, when combined with the previous recommendation to cover half the position.
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International sales are growing nicely, such as Brazil where they just started doing business. The main thing is that equipment costs have fallen, so gross margins have expanded. Also, the average age of a car is 12.5 years which benefits AZO.