AutoZone Reaches New 52-Week High (AZO)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- AutoZone (NYSE: AZO) hit a new 52-week high Tuesday as it is currently trading at $400.91, above its previous 52-week high of $399.10 with 66,253 shares traded as of 10:06 a.m. ET. Average volume has been 440,600 shares over the past 30 days.

AutoZone has a market cap of $14.32 billion and is part of the services sector and retail industry. Shares are up 10.9% year to date as of the close of trading on Monday.

AutoZone, Inc. engages in retailing and distributing automotive replacement parts and accessories. The company has a P/E ratio of 16, 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 impressive record of earnings per share growth, revenue growth, expanding profit margins, good cash flow from operations and increase in stock price during the past year. 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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