This ‘Boring Business Stock’ Turned $10,000 to $4 Million
AutoZone stocks have grown 40,520% since its 1991 IPO. If you had invested $10,000 in the IPO year, it would have become over $4 million today.
Why isn’t this stock on top of everyone’s list? One possible reason it has managed to stay under the radar is that it has nothing to do with AI or isn’t part of trending sectors like digital streaming and technology.
US billionaire and entrepreneur Pitt Hyde founded AutoZone in 1979. Since then, the company has come a long way to become the leading supplier of aftermarket car parts and accessories, with 7,191 stores worldwide. Most of the stores are in the US and offer a wide range of products for various types of vehicles, including light-duty trucks and vans.
Aftermarket car parts are replacement…
