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Why Shares in AutoZone Soared 21% in March

TheMotleyFool

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Why Shares in AutoZone Soared 21% in MarchPhoto, wide shot, wide-angle lens, Toy manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/2788fcd3-d339-4592-8f5c-a3b9125dc61f.png

Shares of auto parts retailer AutoZone (NYSE: AZO) soared by 21.1% in March, according to data provided by S&P Global Market Intelligence. That upward surge was driven by the robust earnings report that the company released early in the month.

For its fiscal second quarter, which ended Feb. 13, AutoZone reported excellent same-store sales growth of 15.2%, demonstrating that it had recovered from the pandemic's impact.

Data source: AutoZone presentations. Chart refers to stores open for more than one year. Chart by author.

Source Fool.com

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