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Why AutoZone Stock Jumped 15% This Week

TheMotleyFool

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AutoZone (NYSE: AZO) shareholders beat a rising market this week, with shares rising 15% through Thursday trading compared to a 4% boost in the wider market, according to data provided by S&P Global Market Intelligence. The rally added to relative gains for owners of the auto parts and services specialist, whose shares are down just 3% so far in 2022 compared to a 15% decline in the S&P 500.

It was powered by a positive earnings update from the management team.

Image source: Getty Images.

Source Fool.com

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