AutoZone (AZO) Could Be 26% Undervalued Following Its 8,000th Store Opening

AutoZone (AZO) has investors watching closely after marking a major milestone with the opening of its 8,000th store in Murfreesboro, Tennessee, adding fresh context to recent share price weakness. AutoZone’s 8,000th store opens, while the share price tells a different story, with the stock down 13.6% on a year-to-date basis and the 1-year total shareholder return declining 31%, even though the 5-year total shareholder return is still up 68.5%. Spot fresh opportunities in auto-focused...