This podcast episode provides a detailed analysis of AutoZone (AZO) stock, examining its historical performance, business model, and competitive landscape. The host reviews AutoZone's impressive growth, driven by efficient operations, strategic share buybacks, and a strong customer-centric culture. He discusses the company's competitive advantages, including its extensive store network, negative working capital, and the relatively inelastic demand for auto parts. However, he expresses some concern about the impact of electric vehicles on future growth and concludes that while AutoZone is a high-quality business, the current stock price may not offer a sufficiently attractive entry point for investment. He suggests a potential purchase price range of $3,000-$2,700 per share.
