Is anyone following AutoZone? The shares currently seem to be a good value, trading at about 15 times earnings estimates for this year. Estimated growth rate is about 22%.
Same store sales growth has been on the order of 7%. They are also implementing a service to supply commercial auto shops and investing in technology to better serve both do-it-yourselfers and commercial customers. My experience with them as a customer has always been positive.
I purchased shares today after the price drop upon the downgrade from recommended to outperform by Goldman Sachs. |
