AutoZone Stock Gets in the Record-Setting Zone After Strong Results

Key TakeawaysAutoZone posted quarterly revenue and profit that exceeded analysts' expectations.The company got a lift from increased merchandise profit margins and lower supply chain expenses.The news sent shares of the auto parts retailer nearly 7% higher to their all-time high Tuesday.AutoZone (AZO) shares rose to an all-time high Tuesday after the auto parts retailer reported revenue and profit that topped analysts' expectations.The company reported second-quarter fiscal 2024 diluted earnings per share o ...