From 2021 to 2024, AutoZone's earnings went up 23%, while the stock is up 250%. Revenue is up 28%. The stock didn't dip like everything else in 2022. The stock price is rock solid and is climbing higher every single week. Even companies like Waste Management have higher earnings growth than this, and the stock price is not growing nearly as fast. What's going on?
AutoZone: massive stock growth with unimpressive earnings and revenue growth
byu/Chuque ininvesting
Posted by Chuque
2 Comments
I just looked it up and the share price is $4,368.55. WTF, have they never done a stock split since inception? That might be the highest single stock price I’ve ever seen.
They run their business with third party financing and use their own cash to significantly repurchase shares.
(I.e a house of cards)