History Suggests This Unstoppable Multibagger Stock in the S&P 500 Is Perfect to Buy & Hold Forever

🌟 **Key Points:**
- AutoZone's return on invested capital is one of the best in the S&P 500.
- Higher profits could be incoming as the company speeds up its pace of new store openings.
- Since 2004, AutoZone's stock buybacks have lowered its outstanding share count by 79%.

📈 **AutoZone's Growth Story:**
- AutoZone is up 4,000% in just the past two decades, yet its growth story could have many miles to go.
- With over 6,400 stores in the United States, nearly 800 locations in Mexico, and 127 shops in Brazil, AutoZone is a leading retailer of automobile replacement parts and accessories across the Americas.

🏆 **Market-Beating Indicators:**
1. **Top-Tier Return on Invested Capital (ROIC):**
- AutoZone has maintained an average ROIC of 53% over the last decade, making it an expert in generating new net income as it expands its geographic footprint.
- High ROIC stocks have historically outperformed the market, with AutoZone ranking in the top 20% of S&P 500 stocks for ROIC.

2. **Wide Reinvestment Moat:**
- AutoZone has a long runway for growth, with plans to add another 4,000 stores domestically and 200 new international stores yearly by 2028.
- The company's network accounts for 16% of the auto parts stores in the U.S., positioning it well for consolidation opportunities and greenfield expansion.

3. **Consistent Share Repurchases:**
- AutoZone has lowered its total shares outstanding by 79% since 2004 through consistent share buybacks.
- This compounding power has led to a dramatic increase in earnings per share, providing enormous returns to long-term investors.

📊 **Reasonable Valuation:**
- Despite delivering total returns more than seven times higher than the S&P 500 since 2004, AutoZone's forward price-to-earnings (P/E) ratio of 21 remains well below the index's average of 29.
- This reasonable price allows for continued share buybacks, ensuring long-term value for investors.

🔋 **Electric Vehicle (EV) Transition:**
- Investors should monitor AutoZone's adaptation to the EV market, as the company is well-positioned with its extensive distribution network.
- AutoZone's "hubs" and "mega hubs" can store a large number of stock-keeping units (SKUs), enabling growth in EV parts and tech-dense car components.

🎙️ **Join us** as we explore why AutoZone is an unstoppable multibagger stock perfect for buy-and-hold investors. Learn about its impressive ROIC, growth opportunities, and consistent share repurchases. Don't forget to like, share, and subscribe for more insightful investment discussions! 🚗

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