AutoZone (NYSE:AZO) is another Top 5 veteran because it continues to capitalize on the growing trend of getting more mileage out of used cars. As a leading retailer of automotive replacement parts and accessories, the company has more than 4,832 stores across the U.S., Puerto Rico and Mexico. As a sign of the company’s continued commitment to returning value to shareholders, AutoZone is in the thick of a $659 million share-repurchase program.
The company’s second-quarter earnings announcement on Feb. 28 was positive. Analysts expected 7% sales growth and 20% earnings growth, which outpaced the 15.3% estimate for the rest of the auto-parts-stores industry. AZO ended up reporting second-quarter EPS of $4.15, up from $3.34 in the previous year.