AZO - Looking to Rev Up Your Portfolio's Returns? Buy This Growth Stock
Quality stocks often trounce the broader market. That's because their underlying businesses are growing year in and year out. This is typically from a combination of selling more goods or services at higher prices over time.
Compounding at 19% annually over the last 10 years, a $10,000 investment in the aftermarket auto parts retailer AutoZone (NYSE: AZO) would now be worth nearly $57,000. This is head and shoulders better than the 11.9% annual total return rate posted by the S&P 500 index during that time, parlaying a $10,000 investment into just shy of $31,000.
Past performance isn't a guarantee of future results. But the company's outperformance appears poised to continue , making the stock a buy for growth-focused investors. Here's why.
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Looking to Rev Up Your Portfolio's Returns? Buy This Growth Stock