AutoZone Reaches New 52-Week High (AZO)

NEW YORK ( TheStreet) -- AutoZone (NYSE: AZO) hit a new 52-week high Thursday as it is currently trading at $390, above its previous 52-week high of $386.25 with 57,371 shares traded as of 9:40 a.m. ET. Average volume has been 367,200 shares over the past 30 days.

AutoZone has a market cap of $14.78 billion and is part of the services sector and retail industry. Shares are up 17.8% year to date as of the close of trading on Wednesday.

AutoZone, Inc. engages in retailing and distributing automotive replacement parts and accessories. The company has a P/E ratio of 17.9, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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, increase in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full AutoZone Ratings Report.

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