Is AutoZone A Good Stock To Buy? Read Jim Cramer’s Answer

With some analysts upping their price target on shares of AutoZone, Inc. (NYSE:AZO), there is no better time than now for investors to answer the following question: is this a good stock to buy?

Like any company, AutoZone has experienced its share of ups and downs. However, when you take a close look at the company’s stock performance over the past year, it is relatively solid.

AutoZone, Inc. (NYSE:AZO)

If you are struggling with the idea of whether or not you should buy AutoZone, Inc. (NYSE:AZO), there is nothing wrong with taking a bit of professional advice. Jim Cramer recently took part in a CNBC segment in which he discussed the current state of the company, including why now is the time to buy. Here is what he had to say:

“AutoZone, people have to focus right now because the stock will go up very big. This is a company that people thought the buy back was not going to be aggressive anymore, it has been aggressive all the time. Don’t forget, they have actually shrunk the share count in half over the last five years. There is a price target boost by Citi, 545 goes to 620. Baird raises 500 to 550. The buy back follows the stock up, so people who take the stock right now, your buy back will come after they report and it has been a huge winner and a stock I have been backing for a long time, because the average age of an automobile is 12 years.”

If that doesn’t help you better understand how Cramer feels about AutoZone, Inc. (NYSE:AZO), nothing will. He finished the segment by saying, “Best management in the industry. Fabulously pro-shareholder and doing incredibly well.”

With all of that in mind, you may realize that now is the time to add AutoZone, Inc. (NYSE:AZO) to your portfolio. Things are looking up for the company, and Cramer strongly believes that things are just going to get better.

Disclosure: none

Recommended Reading:

George Soros and Jeff Altman Are Both Betting On These Six Stocks

Warren Buffett and Lou Simpson Are Bullish On These Stocks

Hound Partners & Marble Arch Investments Are Betting On Same Stocks

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!