AutoZone, Inc. (NYSE:AZO) is one of the stocks Jim Cramer shed light on recently. Answering a caller’s query about the stock during the episode, Cramer said: That has been, you know, a bugaboo. Look, I think this is an incredibly well-run company. It generates a gigantic amount of cash. I think that this is, I’m going to say it again, I think this whole downturn in AutoZone is going to prove out to be a terrific buying opportunity. I am not backing away. AZO, I like very much. Photo by Anna Nekrashevic ...

AutoZone, Inc. (NYSE:AZO) is one of the stocks Jim Cramer discussed, along with market shortages. A club member inquired whether the stock is a buy, sell, or hold, and here’s what Cramer had to say in response: Alright, this one mystifies me. I have been a believer in this stock for some time. They have the best buyback. Take a look. They’ve shrunk the float by 50% just in the last few years. There’s nothing, I thought, at first, I thought it was tariffed parts that could be a problem, tariffed parts. But ...

Group 1 - AutoZone, Inc. (NYSE:AZO) has experienced a decline in its price-to-earnings ratio to around 23, despite maintaining good earnings and growth [1] - The stock's recent performance was impacted by an inconsistent earnings report, leading to a significant sell-off, but the company is expected to recover in the next quarter [1] - AutoZone has reduced its share count by 44.9% since the end of 2015 and approximately 89% since summer 1998, contributing to its status as a long-term outperformer [2] Group 2 - The current high interest rates make financing for new cars expensive, prompting consumers to seek replacement parts for their existing vehicles [2] - AutoZone's stock has pulled back 22% from its recent highs, presenting a potential buying opportunity [2]

Group 1 - AutoZone, Inc. is recognized for its aggressive stock buyback strategy, utilizing spare cash to repurchase shares, making it one of the most active buyback companies on the New York Stock Exchange [1] - The average age of vehicles on the road is increasing, leading to a higher demand for automotive replacement parts and maintenance, which AutoZone provides [1] - The availability of repair instructions on platforms like YouTube has made it easier for consumers to maintain their older vehicles, further driving demand for AutoZone's products [1] Group 2 - AutoZone sells and distributes a wide range of automotive replacement parts, maintenance items, and accessories for various types of vehicles, including cars, SUVs, vans, and light trucks [2] - The company also offers commercial programs and diagnostic software, expanding its service offerings beyond just retail [2]