To gain additional market share from commercial buyers, AutoZone is experimenting with opening regional mega hubs. Mega hubs …show more content…
International growth in Brazil and Mexico helped achieve this milestone for AutoZone. AutoZone is on a growth trajectory as more customers are servicing older cars or buying used cars versus new automobiles. Major competitors Advanced and O’Reilly are aggressive in gaining the share of the auto parts industry (Evanoff, 2015).
As an example of good corporate governance, in a recent court ruling, AutoZone was not liable for discrimination against and employee with a disability. Good details in job descriptions and the employee handbook allowed AutoZone to protect is interest in employees doing the job while adhering to ADA (Americans with Disabilities Act) guidelines.
Numerous management changes and promotions took place after the annual fiscal end for AutoZone.
Moreover, on Wall Street AutoZone investors are raising stakes by investing in the company’s stock. Several institute or private equity investors have increased holdings in AutoZone, a very high stock price in the market. The purchase of stock ownership by these investors may be a significant sign that returns are promptly around the corner. On December 8th, 2015, "AutoZone reported $8.29 earnings per share for the quarter, beating analysts’ consensus estimates of $8.24 by $0.05” (Wilder, 2016,