AutoZone Stock Up; Earnings Beat Amid Huge Used-Car Demand

Shares of AutoZone  (AZO) – Get AutoZone, Inc. Report jumped Tuesday after the car-parts retailer reported a fiscal-first quarter profit-and-sales beat. 

For the quarter ended Nov. 20 the Memphis company reported earnings of $25.69 per share on revenue of $3.67 billion. 

Analysts surveyed by FactSet were expecting earnings of $21.01 per share on revenue of $3.37 billion. 

“Our retail and commercial sales performance were consistently strong all quarter,” Chief Executive Bill Rhodes said in a statement. 

Katherine E. Ackerman

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