AutoZone (NYSE: AZO), a leading retailer and distributor of automotive replacement parts and accessories, was featured in a recent analysis report that discussed a stimulus-funded increase in demand for its products. The report, written by LikeFolio Founder Andy Swan, reads, “Consumer demand for AutoZone products surged during the summer as consumers utilized stimulus checks to complete auto repairs and upgrades. But, in the last month, demand is falling off. The company noted retail sales increased by 50% in just over two days when checks hit bank accounts. LikeFolio data certainly recorded the stimulus-funded uptick. Purchase Intent mentions increased 12% YoY in 20Q4. However, the current quarter pace (beginning August 30) is pacing down YoY, suggesting demand isn’t sustaining.”
About AutoZone Inc.
AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in the Americas. Each AutoZone store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Many stores also have a commercial sales program that provides commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, service stations and public sector accounts. The company also has commercial programs in Mexico and Brazil. AutoZone also sells the ALLDATA brand diagnostic and repair software through www.ALLDATA.com and www.ALLDATAdiy.com. Additionally, the company sells automotive hard parts, maintenance items, accessories and non-automotive products through www.AutoZone.com and its commercial customers can make purchases through www.AutoZonePro.com. The company also provides product information on its Duralast branded products through www.DuralastParts.com. AutoZone does not derive revenue from automotive repair or installation.
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