15 Highest-Priced Stocks Right Now

4. AutoZone, Inc. (NYSE:AZO)

Share Price on February 14: $3,458.55

AutoZone, Inc. (NYSE:AZO) is a retailer and distributor of automotive replacement parts and accessories. The company has over 7,000 stores across the United States, Brazil, and Mexico. It is one of the highest-priced stocks right now, with its share price rising by nearly 27% over the past 12 months.

While the company primarily serves the do-it-yourself (DIY) market, it also caters to professional auto repair shops. Established in 1979, AutoZone, Inc. (NYSE:AZO) has consistently expanded over the years and continues to add several new stores each year, even during challenging market conditions.

During the first quarter of fiscal 2025, AutoZone, Inc. (NYSE:AZO) opened 23 new stores in the United States. It also continued with international expansion and has grown its footprint in Mexico by 7.4% compared to the first quarter of fiscal 2024, while its store count increased by 26.9% in Brazil during the period.

AutoZone, Inc. (NYSE:AZO) generated net sales of $4.3 billion in Q1 FY25, up 2.1% year-over-year. Overall same-store sales increased 1.8%, while domestic same-store sales grew 0.3% during the quarter. Gross profit was 53%, improving 16 basis points from last year, driven by higher merchandise margins. Net income stood at $564.9 million, down from $593.5 million in the prior year’s quarter. Diluted EPS was $32.52 compared to last year at $32.55 per share.

Considering its rapid expansion and competitive advantages of scale and extensive distribution networks, AutoZone, Inc. (NYSE:AZO) is poised for future growth, despite the potential threats from e-commerce. Wall Street analysts are bullish on the stock with a consensus Strong Buy rating.

Investor sentiment continues to improve as well. According to Insider Monkey’s database for Q3 2024, 47 hedge funds held a stake in AutoZone, Inc. (NYSE:AZO), up from 45 at the end of the second quarter.