Copiers : 7 Followers : 65 Dear Etorians, 09/25/24 $AZO manages to grow entirely self-financed and at the same time cannibalize itself by buying back its shares. The American group is located in the best segment of the entire automobile industry: the retail sale of spare parts, an activity that is both capital-intensive and has high margins. AutoZone achieved $8 billion in additional revenue between 2015 and 2024 by reinvesting less than $1.5 billion in its expansion effort. All profits generated are then redirected to share buybacks. The company is following an aggressive expansion strategy. Over the past twelve months, AutoZone has opened 117 new points of sale in the United States, Mexico and Brazil. These Latin American markets are a new growth driver for the group; sales there increased this year by 9.9%.