AutoZone Inc
AZO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$1,514.00 | Lklv | Sdcysxzvyb |
AutoZone: No Change to Fair Value Estimate or Ratings Amid Leadership Change
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.