Transportation and Automotive Sector Ideas

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>>> High ROIC Stock #1: AutoZone Inc. (AZO) - Return on invested capital: 180.5%


https://www.suredividend.com/high-roic-stocks/


After opening its first store on July 4th, 1979, AutoZone has grown into the leading retailer and distributor of automotive replacement parts and accessories, with more than 6,000 stores in the U.S., Puerto Rico, Mexico, and Brazil. AutoZone carries new and re-manufactured parts, maintenance items, and accessories for cars, SUVs, vans, and light trucks.

AutoZone has proven to be recession–resistant thanks to the nature of its business. During rough economic periods, the sales of new cars fall significantly, causing the average age of cars to increase. This favors AutoZone’s business. In the Great Recession, when most companies saw their earnings plunge, AutoZone grew its EPS by 18% in 2008 and another 17% in 2009.

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