AutoZone Stock Breaks Out After Solid Q1 Results

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AutoZone, Inc. (AZO) shares rose nearly 7% during Tuesday’s session after the company reported better-than-expected first quarter financial results. The stock has more than doubled since July 2017, and CEO William Rhodes believes that the company will see sales growth moving forward at a rate that is higher than historical levels.

Revenue rose 5.7% to $2.79 billion, beating consensus estimates by $20 million, and earnings per…

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