NEW YORK (

TheStreet

) --

AutoZone Inc

(NYSE:

AZO

) hit a new 52-week high Wednesday as it is currently trading at $302.35, above its previous 52-week high of $302 with 368,459 shares traded as of 3:24 p.m. ET. Average volume has been 386,700 shares over the past 30 days.

AutoZone has a market cap of $12.3 billion and is part of the

services

sector and

retail

industry. Shares are up 9.8% year to date as of the close of trading on Tuesday.

AutoZone, Inc. operates as a specialty retailer and distributor of automotive replacement parts and accessories. The company has a P/E ratio of 16.5, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates AutoZone as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

AutoZone Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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.

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