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Auto Parts Stores
Sure, here's some general information about Auto Parts Stores, Inc. (AAP) in the USA:
1. Auto parts retailer AutoZone, Inc. has its headquarters in Memphis, Tennessee. It offers a range of parts for cars, sport utility vehicles, trucks, and other vehicles. Located in Memphis, Tennessee, the business was established in 1979.
2. AutoZone offers a variety of car parts and Accessories, such as aftermarket parts, chemicals, and collision parts, as well as parts for trucks, SUVs, and other specialty vehicles. Additionally, they provide services like free battery testing, wiper blade installation, and maintenance advice.
3. AutoZone operates over 6,000 locations throughout the United States, Mexico, and Brazil, and employs around 80,000 people. Over 2,500 independent stores have their parts delivered, and their commercial program serves 130,000 repair shops, dealers, and fleet accounts.
4. For the fiscal year that ended on August 27, 2022, the company reported record revenue of $26.61 billion, and profit of $2.8 billion. AutoZone's stock is listed on the NYSE under the ticker AAP. With a market capitalization of over $33 billion, it is a Fortune 500 firm.
5. AutoZone has a long history of seeking development through acquisition. For instance, the firm purchased Auto Palace, L.P. in 1997, CarMax, Inc. in 1999, and Discount Auto Parts, Inc. on May 27, 2000.
6. AutoZone's stock price has been steadily rising and is currently trading at roughly $2,740.93 per share. The company's stock has a high price target of $3,000, a low target of $2,150, and a consensus target of $2,500. A 0.70% dividend yield is also offered by the company, with a payout ratio of 17.0 percent.
7. The consensus forecast for AutoZone's next year's earnings per share (EPS) is $84.14, with a high estimate of $87.81 and a low estimate of $79.26. The stock's price-to-earnings ratio is 32.6x, which is slightly higher than the five-year average of 26.8x.
8. AutoZone has a history of growing its earnings per share at a rate of approximately 18% annually over the past five years. Wall Street expects the firm to continue to expand, with predicted growth rates of 13.3% for the next year and 10.8% for the next five years.
9. AutoZone is a well-known company in the automotive retail sector, with a lengthy record of success. Despite recent difficulties brought on by supply chain concerns and increased competitiveness, the company's financials have remained solid, and the future outlook stays favorable.
Generally, AutoZone is doing well financially and has been growing advantageously over time. It is a well-known company because of its accomplishments and position as a market leader in the automotive retail sector.