Dense Retail Footprint and Commercial Growth Anchor Wide-Moat AutoZone's Aftermarket Edge
We believe AutoZone’s strategy of leveraging its dominant do-it-yourself retail core to fund aggressive expansion into the commercial do-it-for-me segment has been highly effective. Its roughly 7,700 locations across the US, Mexico, and Brazil serve as both retail storefronts and localized fulfillment hubs. In our view, its network of over 150 megahubs creates a critical competitive advantage, providing industry-leading parts availability and enabling rapid delivery of hard-to-find components to satellite stores and commercial garages. This localized certainty is critical in a need-it-now industry, effectively insulating the firm from digital disintermediation.
United States