A notable insider purchase on January 2, was reported by William R Hackney, Executive Vice President at AutoZone (NYSE:AZO), based on the most recent SEC filing.
What Happened: Hackney made a significant move by purchasing 60 shares of AutoZone as reported in a Form 4 filing with the U.S. Securities and Exchange Commission. The transaction's total worth stands at $155,136.
The latest market snapshot at Wednesday morning reveals AutoZone shares up by 0.07%, trading at $2570.25.
Delving into AutoZone's Background
AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, although its presence in its home market is still dominated by its do-it-yourself operation, which accounts for around 70% of sales in country. AutoZone also has a growing presence in Mexico and Brazil. AutoZone had 7,140 stores in the U.S. (6,300), Mexico (740), and Brazil (100) as of the end of fiscal 2023.
Financial Insights: AutoZone
Revenue Growth: Over the 3 months period, AutoZone showcased positive performance, achieving a revenue growth rate of 5.15% as of 30 November, 2023. This reflects a substantial ...