5 Best Automotive Stocks To Buy Now

3. AutoZone, Inc. (NYSE:AZO)

Number of Hedge Fund Holders: 52

In total, 52 hedge funds were long AutoZone, Inc. (NYSE:AZO) in the second quarter. Their total stake value was $1.5 billion.

AutoZone, Inc. (NYSE:AZO) is an automotive retail company based in Memphis, Tennessee. The company retails and distributes automotive replacement parts and accessories.

A Buy rating and a $2920 price target were maintained on AutoZone, Inc. (NYSE:AZO) on September 21 by Taylor Conrad at Argus Research.

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