How much has AutoZone bought backed out its own stock?
Since the inception of AutoZone’s ( AZO) stock buyback program in 1998, the board of directors has authorized share repurchases of $26.15 billion, including the recent authorization. Shares declined 1.3% to close at $1,323.57 on March 23.
When did AutoZone start selling auto parts?
1995: The 1,000th AutoZone store opens. 1999: AutoZone expands into Mexico. The leading U.S. specialty retailer of automobile parts in the late 1990s, Memphis, Tennessee-based AutoZone, Inc., sells auto parts, maintenance items, and automotive accessories through more than 2,700 stores in 39 U.S. states and in Mexico.
When did AutoZone buy TruckPro?
Also in 2001, AutoZone sold TruckPro to Paratus Capital Management. AutoZone store in Hillsborough, North Carolina. In 2002, AutoZone developed a network of "hub, feeder, and satellite" stores to have more product in the market area, while reducing inventory investment.
Who is the owner of AutoZone truck parts?
AutoZone sells heavy-duty truck parts through its subsidiary TruckPro L.P. and offers automotive diagnostic and repair software through ALLDATA Corp. Joseph R. Hyde III began working in his family's business, Malone & Hyde, Inc., immediately after graduating from college in 1968 at the age of 22.
Who did Advance Auto Parts buyout?
General Parts International IncAdvance Auto, which sells products such as batteries, air fresheners and engine parts, said it would buy General Parts International Inc for just over $2 billion, creating the largest North American retailer of auto parts.
Is AutoZone owned by Walmart?
Retail stores All AutoZone stores are corporately owned; the company does not have franchise operations.
What did AutoZone used to be called?
Auto ShackAuto Shack announced plans to change the Company name to AutoZone.
Who does AutoZone partner with?
"Over the last three seasons, AutoZone and Team Penske have experienced tremendous success together.
Who owns Oreillys?
On January 30, 1998, O'Reilly merged with Hi/LO Auto Supply, adding 182 auto parts stores in Texas and Louisiana, as well as a distribution center in Houston. The Hi/LO acquisition made O'Reilly one of the top 10 auto parts chains in the country.
Who is the owner of NAPA Auto Parts?
Genuine Parts CompanyNAPA Auto Parts / Parent organizationGenuine Parts Company is an American service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. Wikipedia
Who owns Auto Shack?
Ben Zakarian - president - ZAKS AUTO SHACK INC | LinkedIn.
Who is the largest auto parts retailer?
AutoZone Inc.Founded in 1979, AutoZone Inc. (AutoZone) is the largest auto parts retailer in the United States.
Who owned Auto Shack?
The nearly 40-year history of AutoZone began in 1979 when the first store opened its doors in Forrest City under the name Auto Shack. Auto Shack was the brainchild of J.R. “Pitt” Hyde, III, whose grandfather had helped found Malone & Hyde, a Memphis-based grocer.
Does AutoZone own STP?
STP is an American brand of automotive aftermarket products, especially lubricants such as motor oil and motor oil additives. The name began as an abbreviation of Scientifically Treated Petroleum. The brand has been owned by Energizer Holdings since November 2018.
Who is the owner of Carquest?
Advance Auto PartsCarquest / Parent organizationAdvance Auto Parts, Inc. is an American automotive aftermarket parts provider. Headquartered in Raleigh, North Carolina, it serves both professional installer and do it yourself customers. As of July 13, 2019, Advance operated 4,912 stores and 150 Worldpac branches in the United States and Canada. Wikipedia
Do AutoZone employees get commission?
Although customer satisfaction are number one, just remember to take care of the staff who are the front and face. There is no commission unless you're a CSM or SM. You can get discounts on parts. There is no commission for regular sales reps.
How many stores did Autozone have in 1988?
Overall, AutoZone had 470 stores in 16 states by the end of 1988, and it served a total of 47.7 million customers in that year alone. In June 1988 the company unveiled its own line of auto products, developed by its product managers, under the trade name ADuralast.
How much of Autozone stock did the managers keep?
AutoZone managers kept 16 percent of the company, and former managers retained another six percent, leaving ten percent for the public at large. With the ten percent of stock offered, AutoZone reduced its bank and mortgage debt and also invested in general company operations.
How much did Autozone make in 1989?
As AutoZone continued its rapid and aggressive expansion, its revenues continued to rise as well. Total revenues increased from $535.8 million in 1989 to $1.216 billion in 1993, and they showed no signs of slowing down. To better serve customers, AutoZone in 1994 installed Flexogram, a satellite-based system designed to customize store inventory according to local demands and to facilitate communications between store locations. The company, which opened an average of 250 new retail stores a year, including its 1,000th store in 1995, did not slow its blistering pace in the 1990s.
When did Autozone expand into Mexico?
1999: AutoZone expands into Mexico. The leading U.S. specialty retailer of automobile parts in the late 1990s, Memphis, Tennessee-based AutoZone, Inc., sells auto parts, maintenance items, and automotive accessories through more than 2,700 stores in 39 U.S. states and in Mexico.
When did Autozone end?
In April 1991 AutoZone ended its tenure as a privately held company when shares were offered for sale on the New York Stock Exchange. The 3.2 million shares offered produced a large paper profit for the company's primary owner, Kohlberg Kravis Roberts & Company.
When did Auto Shack move to North Carolina?
Despite its new corporate status, Auto Shack continued to grow at a dramatic rate. In 1985 the company opened an additional 68 stores and moved into North Carolina. Along with its standard format, Auto Shack also inaugurated an Express Parts Service that rushed auto parts to customers who called in over a toll-free service line. In this way the company was able to offer services to parts of the country that were not yet served by an Auto Shack store.
When did Autozone buy Alldata?
Also in 1996 AutoZone purchased ALLDATA Corp., a software company that developed automotive diagnostic and repair software. In 1997 AutoZone opened its 1,500th store, and Hyde, who had seen AutoZone grow from a single small store in Arkansas to a national retail chain, stepped down as CEO.
Latest Stocks Videos
In The Money: Groundhog Day: Mega-Cap Tech Stocks Out From the Shadows? Feb 02, 2022
TipRanks
TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. TipRanks' multi-award winning platform ranks financial experts based on measured performance and the accuracy of their predictions so investors know who to trust when making investment decisions.
How many employees does Autozone have?
AutoZone has 5,210 stores, 72,000 employees and $9.25 billion in annual revenue. Though that doesn't mean much for AutoZone in the short term, down the road it may have to contend with a competitor that is its equal in capital and size. CORRECTION: This article erroneously stated that AutoZone has 42,000 employees.
Who owns the Carquest brand?
Advance Auto's acquisition puts AutoZone dominance in danger. The Carquest brand is owned by General Parts , which was just acquired by Advance Auto Parts.
When did Pep Autos start?
The auto parts company began in 1921 with the Naval buddies and original Pep Boys: Emanuel "Manny" Rosenfeld, Maurice "Moe" Strauss, Moe Radavitz and Graham "Jack" Jackson. Their first store opened in Philadelphia under the name Pep Auto Supplies, according to the company's website. Its name was changed around 1923 after Strauss noticed ...
How much did Pep Boys take private?
The $791 million deal will take the auto parts retailer private. NEW YORK - The Pep Boys - Manny, Moe & Jack, an auto parts chain founded more than 90 years ago, has agreed to be taken private by investment Gores Group for about $791 million.
How much is Pep Boys worth?
The Gores Group deal for Pep Boys is worth about $791 million, based on the company's almost 53 million shares outstanding. The companies put the total enterprise value of the deal at approximately $1 billion.
When did Pep Boys go public?
Radavitz and Jackson left the company early on. When Pep Boys went public in 1946 , Rosenfeld served as its first corporate president. He held the post until his death in 1959.
How many Pep Boys locations are there?
Strauss served as president from 1960 to 1973 and remained a board member until he died in 1982. Pep Boys currently has more than 700 locations in 35 states and Puerto Rico.
Overview
AutoZone, Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the United States. Founded in 1979, AutoZone has over 6,400 stores across the United States, Mexico, Puerto Rico, Brazil and the US Virgin Islands. The company is based in Memphis, Tennessee.
History
Originally a division of Memphis-based wholesale grocer Malone & Hyde, the company was known as Auto Shack. After the sale of the grocery operation to the Fleming Companies of Oklahoma City, Oklahoma, the name of the company was changed to AutoZone to reflect the new focus and to settle a lawsuit brought by Tandy Corporation for infringing on Tandy's "Radio Shack" trademark.
Corporate affairs
AutoZone is incorporated in the state of Nevada.
Since October 1995, AutoZone has been headquartered in its J.R. Hyde, III Store Support Center (SSC), a 270,000-square-foot (25,000 m ), eight-story building in Downtown Memphis, Tennessee. As of 2013 there were over 1,200 employees there.
The project manager of the building's construction was Rob Norcross, a principal at LRK Inc. Th…
Private labels
Valucraft, Duralast, and Duralast Gold are AutoZone's private label brands for lead-acid automotive batteries (manufactured primarily by Johnson Controls, but also East Penn, Exide, and other manufacturers). Duralast Platinum is an AGM line of batteries. AutoZone also sells tools under the Duralast brand which carry a lifetime warranty.
Brake pad labels include (ranging from least to most expensive):
Retail stores
AutoZone's 6,000+ retail outlets throughout the United States, Mexico and Brazil stock a variety of aftermarket parts as well as some OEM parts. All AutoZone stores are corporately owned; the company does not have franchise operations.
Sponsorships
In 2004, AutoZone celebrated its 25th anniversary and announced a corporate sponsorship agreement with auto racing association NASCAR.
In 2007, AutoZone sponsored Kevin Harvick and Timothy Peters in the NASCAR Busch Series.
AutoZone holds the naming rights to the downtown Memphis baseball stadium that is the home of the Memphis Redbirds of the Pacific Coast League. The company also sponsors the AutoZone Lib…
Lawsuits
AutoZone paid $3.3 million to settle a lawsuit to the families of a family who was killed due to being rear-ended by an AutoZone-owned truck. The suit alleges that AutoZone was negligent in training the driver of the truck.
AutoZone faced a lawsuit for gender discrimination in which the plaintiff alleged that men treated her differently when she was promoted and that she feared revealing a pregnancy to her superio…
See also
• Advance Auto Parts
• CarParts.com
• Carquest
• National Automotive Parts Association (NAPA)
• O'Reilly Auto Parts