AutoZone: The Leading Retailer of Aftermarket Automotive Parts
A Brief History
Founded on July 4, 1979, as Auto Shack, AutoZone has grown to become the largest retailer of aftermarket automotive parts and accessories in the United States. With 7,353 stores across the US, Mexico, Puerto Rico, Brazil, and the US Virgin Islands, the company has established a strong presence in the market.
From Humble Beginnings to Industry Leader
Initially a division of Memphis-based wholesale grocer Malone & Hyde, AutoZone was later spun off and renamed before going public. Today, the company offers a wide range of national brand and private-label products, with over 50% of sales coming from its private-label offerings.
Expert Insights
William V. Selesky, Senior Analyst for Basic Materials at Argus, brings over 15 years of experience in the investment business to the table. With a background in covering various sectors, including Consumer Staples, Consumer Discretionary, Energy, Media, Transportation, Gaming, and Utilities, Selesky provides in-depth analysis and expert insights into the world of Basic Materials.
A Proven Track Record
Selesky’s impressive resume includes stints as a senior equity analyst at firms such as Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management, and John Hsu Capital Group. He was also part of a team that managed $9 billion in active equity products at PaineWebber. Prior to his investment career, Selesky spent eight years as a credit analyst at American Express Company and five years as an analyst at Equifax Services.
Education and Qualifications
Selesky holds a Master of Business Administration degree in Investment Finance from Pace University and a Bachelor of Science degree in Economics from Fordham University.
Current Market Performance
As of January 2, 2025, AutoZone’s current price stands at $3202.00, with a price target and earnings estimate available to subscribers. With its strong market presence and expert analysis, AutoZone is an attractive option for investors looking to tap into the consumer cyclical sector.
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