Jim Cramer on AutoZone: “At This Point, I Just Don’t See a Lot of Downside”

Alright, this 1 mystifies me. I person been a believer successful this banal for immoderate time. They person the champion buyback. Take a look. They’ve shrunk the interval by 50% conscionable successful the past fewer years. There’s nothing, I thought, astatine first, I thought it was tariffed parts that could beryllium a problem, tariffed parts. But astatine this point, I conscionable don’t spot a batch of downside. Yeah, I mean, we conscionable had this bully prime up, but I deliberation this is wherever you tin get backmost in. It has been a enigma due to the fact that I’ve been recommending the banal for much than 10 years.

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AutoZone, Inc. (NYSE:AZO) sells and distributes automotive replacement parts, attraction items, and accessories for cars, SUVs, vans, and airy trucks. Cramer was asked astir the banal during the January 14 episode, and helium replied:

Yeah, radical didn’t similar that past quarter… And the crushed wherefore the banal is going down is this institution is truthful darn accordant that erstwhile it reported an inconsistent number, I can’t judge the jailbreak. I deliberation they’re fine. I deliberation the adjacent 4th is going to beryllium better. This institution ever pivots and ever pivots well. I’d beryllium a buyer.

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