What smart money is saying about AutoZone, Inc.
2 funds in our archive have pitched AutoZone, Inc. — most recently Appalaches Core LO in June 2026.
AutoZone, Inc. operates as a leading retailer and distributor specializing in automotive replacement parts and accessories. The company's comprehensive inventory caters to a diverse range of vehicles, including cars, sport utility vehicles, vans, and light trucks. Their product offerings encompass both new and remanufactured critical hard parts, essential maintenance items, various accessories, and a selection of non-automotive goods. Key automotive components available include A/C compressors, batteries, bearings, belts, hoses, brake calipers, chassis parts, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting systems, mufflers, radiators, starters, alternators, thermostats, water pumps, and tire repair kits. For vehicle upkeep, AutoZone supplies antifreeze, windshield washer fluid, an extensive array of brake components (drums, rotors, shoes, pads), various automotive fluids (brake, power steering, oil, transmission), oil and fuel additives, and filters for oil, cabin air, engine air, fuel, and transmission. Other maintenance products cover oxygen sensors, paints, refrigerants, shock absorbers, struts, spark plugs, wires, and windshield wipers. Beyond functional parts, the company offers a wide assortment of accessories and general merchandise such as air fresheners, mobile phone accessories, snacks, drinks, floor mats, seat covers, interior and exterior styling products, mirrors, performance parts, protectants, cleaners, sealants, adhesives, steering wheel covers, car stereos, radios, various tools, and vehicle wash/wax supplies. Additionally, they provide towing services. AutoZone also extends its reach through several channels: a commercial program providing credit and delivery services for professional clients; sales of automotive diagnostic and repair software under the ALLDATA brand via alldata.com and alldatadiy.com; and online retail of its full product range (hard parts, maintenance, accessories, non-automotive items) through autozone.com. As of November 20, 2021, AutoZone maintained a significant operational footprint, with 6,066 stores in the United States, 666 stores in Mexico, and 53 stores in Brazil. The company was established in 1979 and is headquartered in Memphis, Tennessee.
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Position history
Between Q4 2024 and Q2 2026, 8 fund letters reported a position in AutoZone, Inc. — 1 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 5 | 1 | 0 | 1 |
| Q4 2025 | 1 | 0 | 0 | 0 |
| Q2 2025 | 2 | 0 | 0 | 0 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Fund activity · 8 positions · 1 move
- June 2026
“We have had the opportunity to invest in a couple of new businesses this quarter, and the great opportunity to invest more in some of our current holdings. We increased our stakes in AutoZone, CME Group, and Progressive. We also made a new investment in McKesson Corporation and had other smaller purchases.”
AutoZone, Inc. - HoldsBretton FundJune 2026
Listed in Bretton Fund’s reported holdings.
AutoZone, Inc. - HoldsBretton FundJune 2026
Listed in Bretton Fund’s reported holdings.
AutoZone, Inc. - June 2026
“AutoZone benefited in the previous quarter from tariffs and higher car prices, but as those effects faded, the stock did not keep pace with the broader market in the second quarter.”
AutoZone, Inc. - June 2026
“Bottom Contributors Intercontinental Exchange shares came under pressure after U.S. regulators eased restrictions on perpetual futures— derivative contracts that let investors speculate on an asset's price movements without owning the asset, with no expiration date—which could present competitive challenges to established exchanges. Danaher underperformed as investors continued to wait for a recovery in the company's end markets. Weakness across the Health Care sector also weighed on shares during the quarter. Waste Management stock declined after the environmental solutions provider reported mixed financial results for the first quarter, with earnings topping consensus estimates while revenues fell short. The defensive stock also did not fully participate in the broader market rally. We remain confident in Waste Management’s long-term growth potential, given its strong competitive moat and dominant market position in landfill ownership. Salesforce underperformed amid persistent concerns that AI advancements will disrupt its key markets. We exited the position during the quarter. AutoZone benefited in the previous quarter from tariffs and higher car prices, but as those effects faded, the stock did not keep pace with the broader market in the second quarter.”
AutoZone, Inc. - December 2025
“Bottom Quarterly Contributors AutoZone shares fell during the quarter as margin performance fell short of elevated investor expectations, despite continued strength in underlying demand for auto parts and accessories.”
AutoZone, Inc. - June 2025
“AutoZone Inc.’s shares declined slightly during the quarter and failed to keep up with impressive benchmark returns.”
AutoZone, Inc. - HoldsLatitude IMJune 2025
“Since I first invested in 2009 in AutoZone the sector has been an incredibly attractive investment.”
AutoZone, Inc.
Fund coverage · 2 theses
- Appalaches Core LOJune 2026
AutoZone is investing in Mega Hubs and distribution capabilities to improve availability and commercial competitiveness, with earnings growth expected to rebound as the buildout peaks.
Read the full thesis - Brown AdvisoryDecember 2024
AutoZone is the leading US automotive parts retailer, effectively serving the growing used car market and expanding into the DIFM sector, while maintaining strong customer loyalty through immediate parts availability and exceptional capital discipline.
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