Jim Cramer Says to “Just Go Buy It” AutoZone, Inc. (AZO) Stock

We recently published a list of Jim Cramer’s Game Plan: 12 Stocks in Focus. In this article, we are going to take a look at where AutoZone, Inc. (NYSE:AZO) stands against other stocks that Jim Cramer discusses.

Cramer started his game plan for this week with AutoZone, Inc. (NYSE:AZO) as he commented:

“We have some high-profile companies reporting on Tuesday. Now we start with one of the top performers of the year, and that’s a company called AutoZone, AZO. This auto parts chain has been on fire, and it doesn’t hurt that AutoZone has one of the most aggressive buybacks I have ever seen. They’ve more than cut half of the stock… in the last decade. If the stock gets hit, please do this, you should just go buy it because management will be right there alongside you buying it after a few days. What a horse.”

A technician in a mechanic’s uniform replacing an A/C compressor, signifying the company’s automotive replacement parts business.

AutoZone, Inc. (NYSE:AZO) provides a wide range of automotive replacement parts and accessories. The company’s products include hard parts, maintenance supplies, and items unrelated to vehicles.

Overall, AZO ranks 1st on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of AZO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AZO and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.