AutoZone Inc

AZO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$7,328.00	Kbby	Kglhbbgjqp

AutoZone: No Change to Fair Value Estimate or Ratings Amid Leadership Change

Kristoffer Inton

Jun 27, 2023

We are maintaining our fair value estimate of $2,070 per share, narrow moat rating, and exemplary capital allocation rating after AutoZone announced that long-time CEO, president, and chairman William Rhodes will transition to executive chairman in January 2024. Philip Daniele, currently serving as executive vice president of merchandising, marketing, and supply chain, will succeed as CEO and join the board.

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