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Updated · MarketWatch · Apr 30AutoZone stock gains but trails auto-parts rivals
14 articles · Updated · MarketWatch · Apr 30
- Shares rose 5.12% to $3,704.03 on Thursday, while O'Reilly climbed 8.41%, Advance Auto Parts 6.73%, and CarParts.com 0.13%.
- The broader market advanced, with the S&P 500 up 1.02% to 7,209.01 and the Dow Jones Industrial Average gaining 1.62% to 49,652.14.
- Even after Thursday's rise, AutoZone closed 15.59% below its 52-week high of $4,388.11 reached on 11 September.
With EVs needing fewer parts, is AutoZone's store expansion a smart bet or a costly gamble against the future of driving? Why does AutoZone oppose 'Right to Repair' laws, risking alienation of the mechanics who are its core commercial customers?