Chairman, President and CEO of AutoZone Inc. (
) William C. Rhodes III sold 25,000 shares on 9/26/2012 at an
average price of $370.18. The total transaction amount is
AutoZone is the nation's leading retailer and a leading
distributor of automotive replacement parts and accessories with
more than 4,800 stores in the U.S., Puerto Rico and Mexico. Each
store carries an extensive line for cars, sport utility vehicles,
vans and light trucks, including new and remanufactured hard
parts, maintenance items and accessories. Since opening its first
store in Forrest City, Ark., on July 4, 1979, the company has
joined the New York Stock Exchange and earned a spot in the
As of 9/25/2012, AutoZone Inc. had 4,685 stores in 49 states, the
District of Columbia and Puerto Rico in the U.S. and 321 stores
in Mexico for a total of 5,006.
Net sales were reported at $2.8 billion for its fourth quarter
ending 9/25/2012, an increase of 4.6% from the fourth quarter of
fiscal 2011. Domestic same store sales increased 2.1 percent for
the quarter. AutoZone Inc. has had an annual average earnings
growth of 18.2 percent over the past 10 years. Net income for the
quarter increased $22.3 million, or 7.4 percent, over the same
period last year to $323.7 million.
Gross profit, as a percentage of sales, was 51.8 percent versus
51.2 percent for last year's quarter, a result of improved
merchandise margins. Higher store payroll and self-insurance
costs partially offset by lower incentive compensation negatively
impacted operating expenses, a percentage of sales. Operating
expenses were 31.6 percent versus 31.4 percent last year.
The P/E ratio of AutoZone Inc. is 15.8; its enterprise value is
$17.42 billion and reported market cap is $13.92 billion. Its
total assets as of 9/25/2012 are $6.3 billion with $3.8 billion
AutoZone Inc. shows a consistent EBITDA increase during its
10-year history, from September 2003 to 2012, of 18.9 percent.
Its EBITDA growth is ranked higher than 79 percent of the 85
companies in the specialty retailers industry. A five-year EBITDA
is 20.7. Its equity-to-asset range is -0.23 as of Friday.
AutoZone Inc. has repurchased 1.3 million shares of its common
stock for $480 million during the fourth quarter ending 8/25/2012
at an average price of $374 per share. Return on invested capital
reached 33 percent, while full-year cash flow before share
repurchases and changes in debt was $950 million. GuruFocus
contributor Dr. Paul Price states that, according to AutoZone
Inc.'s 10-K, "... more than 100% of net cash provided from
operations has been dedicated to this program." The company had
$356 million remaining at the end of the fiscal year under its
current share repurchase authorization.
During the fourth quarter report William Rhodes stated, "We are
pleased to report our twenty-fourth consecutive quarter of double
digit earnings per share growth."
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