- Like many other specialty retailers, AutoZone's business has performed extremely well during the COVID-19 pandemic.
- The auto parts sector is highly fragmented and although the sector is approaching maturity, the major players such as AutoZone will continue to achieve higher growth rates.
- AutoZone's strong market position generates outstanding returns on invested capital and this should continue into the medium term.
- Although currently approach fair value, there have been recent opportunities to buy this stock cheaply in a market where value is difficult to find.
For further details see:
AutoZone - Leading The Auto Parts Pack