AutoZone’s Fiscal Q4 2018 Sales Growth Rate Was Subdued
AutoZone (AZO) sells auto parts and accessories primarily in the US market, as well as Puerto Rico, Mexico, and Brazil. In 2016, US auto companies (XLY) such as General Motors (GM) and Ford (F) benefited from strong US demand for utility vehicles and trucks. Utility vehicles and trucks tend to be more profitable than automobiles for these manufacturers.