AUTOZONE INC (AZO)

AutoZone, Inc. is a leading retailer and distributor of automotive replacement parts and accessories in the Americas. It began operations in 1979 and, at August 30, 2025, operated 7,657 stores: 6,627 in the United States, 883 in Mexico and 147 in Brazil. The company does not derive revenue from automotive repair or installation services.

Each store carries an extensive line for cars, SUVs, vans and light duty trucks, including new and remanufactured automotive hard parts (such as starters, alternators, batteries, brakes and radiators), maintenance items (oil, filters, fluids, wipers, spark plugs), accessories and non-automotive products. Exclusive in-house brands include Duralast and its family of brands, Econocraft, ProElite, ShopPro, SureBilt, TotalPro, TruGrade and Valucraft. The company also sells through www.autozone.com and a mobile app, and it sells ALLDATA automotive diagnostic, repair, collision and shop management software. Free services include Loan-A-Tool specialty tool loans, AutoZone Fix Finder check engine and ABS light readings, battery, starter and alternator testing, battery charging and used oil collection. Most stores carry about 20,000 to 25,000 SKUs. Hub stores carry about 40,000 to 50,000 SKUs, and mega hub stores carry about 80,000 to 110,000. The company has 367 domestic and 53 international hub stores, including 133 domestic and eight Mexican mega hubs.

AutoZone serves do-it-yourself retail customers as well as commercial customers. In 6,098 domestic stores and the vast majority of stores in Mexico and Brazil, a commercial program provides prompt parts delivery and commercial credit to local, regional and national repair garages, dealers, service stations, fleet owners and other accounts. Commercial customers can order online at www.autozonepro.com or through the AutoZone Pro mobile app, and dedicated sales teams cover independent repair shops and national, regional and fleet accounts. The company describes the commercial market as highly fragmented. It targets vehicles seven years old and older, which are generally out of warranty and need more maintenance and repair. It grew from 6,767 stores at the end of fiscal 2021 to 7,657 at the end of fiscal 2025, adding 305 new stores in fiscal 2025. It markets mainly through digital and broadcast media, loyalty programs and, for commercial sales, the ProVantage program.

Stores are replenished mainly from the nearest distribution center and typically have same-day access to a hub store's expanded inventory. Store support functions are centralized in Memphis, Tennessee; Monterrey and Chihuahua, Mexico; Sao Paulo, Brazil; and Gurugram, India. Offices in Shanghai, China and Istanbul, Turkey provide sourcing and other support. Stores use proprietary systems, including the Z-net electronic catalog, a point-of-sale system and a store management system. The company employed about 130,000 people at August 30, 2025, with about 19,000 in international operations.