AutoZone’s (AZO) 23rd Straight Quarterly Bottom-Line Beat

This quarter marks AutoZone’s (AZO) 23rd straight quarterly bottom-line beat, notes CFRA’s Garrett Nelson. He and Wedbush’s Seth Basham discuss the takeaways from AZO’s 1Q earnings. Nelson mentions that CFRA sees the record high U.S. vehicle age (12.5 years) acting as a strong tailwind. AZO’s adjusted EPS came in at $32.55 versus an estimated $31.04 and its revenue came in at $4.2B versus an estimated $4.17B. They then go over auto parts retail stocks to watch, such as ORLY and AAP. Tune in to find out more about the stock market today.