Revenue distribution by industry:

• Spare parts and accessories: approx. 80%
• Tools and equipment: approx. 15%
• Other services: approx. 5%

TOP 3 Markets:

1. USA: approx. 85%
2. Mexico: approx. 10%
3. Brazil: approx. 5%

AutoZone, Inc. generates the majority of its revenue from the sale of spare parts and accessories, accounting for approximately 80% of total revenue. The remaining revenue comes from the sale of tools and equipment as well as various services.

The main market for AutoZone is the USA, where the company generates around 85% of its revenue. Mexico and Brazil are the second and third largest markets, with Mexico accounting for about 10% and Brazil about 5% of the revenue. This distribution reflects AutoZone's strong presence in North America as the company continues to expand its international presence.

Production Sites: Mainly USA and Mexico (estimated, 2023)

AutoZone, Inc. is a leading retailer and distributor of automotive parts and accessories. The company does not produce any products itself, but sources its goods from a variety of suppliers. These suppliers are mainly located in the USA and Mexico, enabling efficient logistics and supply to the stores.

Since AutoZone does not manufacture its products itself, but mainly acts as a retailer, the company focuses on sales and logistics to offer a wide range of products in its numerous stores and through online channels.

Revenue Growth: 8.5% (estimated 2024)
Profit Growth: 10.2% (estimated 2024)

AutoZone, Inc. is pursuing a growth strategy focused on expanding its store network and strengthening its online presence. The company plans to open new stores both nationally and internationally in the coming years to enhance its market presence.

Another key focus is on digitization and enhancing customer experience through investments in e-commerce platforms. AutoZone is aiming to integrate online and offline offerings to provide customers with a seamless shopping experience.

In addition, AutoZone is investing in optimizing its supply chain and logistics to increase efficiency and reduce costs. These measures are intended to improve margins and position the company for long-term growth.

Main raw materials: Metal, plastic, rubber

Important importing countries: China, Mexico, Taiwan

AutoZone, Inc. imports a variety of raw materials and materials needed for the production and distribution of car parts and accessories. The main raw materials include metal, plastic, and rubber, which are used in the production of car parts such as brakes, filters, and seals.

China is one of the main suppliers, especially for metal and plastic components, due to its strong production capacities and cost-effective manufacturing processes. Mexico is also a significant partner, especially for the supply of rubber and other materials produced near the US border. Taiwan supplies specialized electronic components and accessories.

These international supply chains enable AutoZone to offer competitive prices and a wide range of products. However, the company's dependence on imports also makes it vulnerable to geopolitical tensions and trade tariffs.

Market share: Approx. 15% in the US aftermarket (2024, estimate) Gross margin: 52% (2024) Return on Equity (ROE): 90% (2024)

AutoZone, Inc. has a significant competitive advantage in the US aftermarket, supported by a high market share and a strong brand presence. The gross margin of 52% indicates that the company is able to sell its products with a high profit margin, pointing to effective cost control and a strong negotiating position with suppliers.

The 90% return on equity is exceptionally high and suggests that AutoZone is utilizing its equity return very effectively to maximize profits. This is a sign of efficient capital allocation and strong management.

In addition, AutoZone benefits from an extensive store network and an established supply chain, enabling the company to serve customer needs quickly and efficiently. The continuous investment in technology and e-commerce platforms also strengthens AutoZone's competitive position in the digital realm.

Institutional investor share: approx. 90% (estimated, based on historical data from 2023)

Insider purchases/sales: No significant insider purchases or sales in 2025 (estimated)

The institutional investor share at AutoZone, Inc. is traditionally high, as the company is considered a stable player in the retail sector. This attracts large investment funds and institutional investors who focus on long-term value appreciation.

Insider purchases and sales can be an indicator of management's confidence in the company's future development. In recent years, there have been no significant changes in insider transactions, indicating a consistent confidence in the company's strategy.

Market share of AutoZone, Inc.: 15% (estimated for 2025)

Top competitors and their market shares:

1. Advance Auto Parts, Inc. (NYSE:AAP): 12%
2. O'Reilly Automotive, Inc. (NASDAQ:ORLY): 14%
3. Genuine Parts Company (NYSE:GPC): 10%
4. NAPA Auto Parts (part of Genuine Parts Company): 8%
5. Pep Boys (part of Icahn Enterprises): 5%

Moat of AutoZone: AutoZone has a significant moat, which consists of several factors. These include strong brand recognition, an extensive store network, and an efficient supply chain. These factors allow AutoZone to offer a wide range of products and serve customers quickly.

Compared to its competitors, AutoZone has an advantage due to its established business processes and its ability to control costs. However, O'Reilly Automotive is a strong competitor with a similar business model and comparable market presence, intensifying the competition.

While AutoZone is well positioned in terms of store count and revenue, competitors like O'Reilly and Advance Auto Parts may have advantages in certain regions or product categories. However, AutoZone's moat remains robust, especially due to its innovation and customer loyalty.

Revenue growth: 7.5% (2024) Profit growth: 9.2% (2024) Market share in the spare parts market: 15% (2024)

AutoZone, Inc. recorded solid revenue growth of 7.5% in 2024, attributed to strong demand for spare parts and accessories. The company was able to increase its profit by 9.2%, indicating efficient cost controls and an optimized supply chain.

AutoZone's market share in the spare parts market is around 15%, making it one of the leading players in this sector. This position enables AutoZone to benefit from economies of scale and further expand its market presence.

In addition, AutoZone is continuously investing in digitalization and expanding its e-commerce business, which could lead to further growth opportunities in the long term. Considering these factors, AutoZone could be an attractive investment opportunity for investors interested in a stable and growth-oriented company.

Dividend: None

AutoZone, Inc. (NYSE: AZO) traditionally does not pay a dividend to its shareholders. The company has decided to reinvest its profits primarily in the growth and expansion of the business rather than distributing dividends.

This strategy allows AutoZone to strengthen its market position and increase the company's value in the long term. Investors who invest in AutoZone often do so in anticipation of stock price increases rather than dividend payouts.