Core Insights - PineStone Asset Management Inc. sold approximately $65.7 million worth of AutoZone shares in Q3, reducing its stake by 16,388 shares, while still holding 265,305 shares valued at $1.1 billion as of September 30 [2][7] Company Overview - AutoZone's stock price closed at $4,030.17, reflecting a 25% increase over the past year, outperforming the S&P 500's nearly 14% gain during the same period [3] - The company has a market capitalization of $67.4 billion, with a trailing twelve months (TTM) revenue of $18.9 billion and a net income of $2.5 billion [4] Business Model and Market Position - AutoZone operates as a leading retailer and distributor in the automotive aftermarket sector, offering a wide range of automotive replacement parts, maintenance items, and accessories [6][9] - The company serves a diverse customer base, including do-it-yourself consumers and professional automotive repair shops across the U.S., Mexico, and Brazil [9] Financial Performance - AutoZone reported a same-store sales growth of 5.1% and a full-year earnings per share (EPS) of $144.87, supported by a 14% increase in inventory to facilitate new store openings and commercial expansion [10] - The company continues to generate consistent cash flow and engages in share buybacks, which contribute to steady value creation [10]