AutoZone, Inc. is a retailer and distributor of automotive replacement parts and accessories in the Americas. Its Auto Parts Stores segment is the retailer and distributor of automotive parts and accessories through the Co.'s, stores in the U.S., Mexico, and Brazil. Each store carries an extensive product line for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. We show 57 historical shares outstanding datapoints in our AZO shares outstanding history coverage, used to compute AZO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing AZO market cap history over the course of time is important for investors
interested in comparing AZO's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of AZO versus a peer is one thing; comparing
AZO market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like AZO can fluctuate over the course of history.
With this page we aim to empower investors researching AZO by allowing them to research the AZO market cap history. |
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Video: The Importance of Market Cap
