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MEMPHIS, Tenn. - AutoZone, Inc. (NYSE: AZO), a leading retailer and distributor of automotive replacement parts and accessories with a market capitalization of $62.55 billion, announced today the appointment of Constantino Spas Montesinos, CEO of the Proximity Americas and Mobility Division of Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), to its Board of Directors. The company maintains a GOOD financial health score according to InvestingPro analysis, with strong returns over both five and ten-year periods.
Montesinos brings a wealth of experience from his tenure at Coca-Cola FEMSA, where he served in various senior roles, including Chief Financial Officer and later as Chief Executive Officer of FEMSA Strategic Businesses. His international expertise and deep understanding of strategic planning are expected to contribute to AutoZone’s board discussions and decision-making processes.
Bill Rhodes, Executive Chairman of AutoZone, commented on the appointment, expressing enthusiasm for Montesinos’ diverse skill set and the positive impact he is anticipated to have on the company’s performance.
With Montesinos joining, AutoZone’s Board of Directors now comprises 11 members. This move comes as AutoZone continues to expand its presence, with a total store count of 7,516 as of May 10, 2025, including locations in the U.S., Mexico, and Brazil.
AutoZone’s business model focuses on the retail and distribution of a wide range of automotive products, including new and remanufactured parts, maintenance items, and accessories. The company operates a commercial sales program, providing delivery and credit services to various automotive businesses.
Additionally, AutoZone maintains an online presence, selling products through its websites and offering diagnostic and repair software under the ALLDATA brand. Notably, the company does not generate revenue from automotive repair or installation services.
This announcement is based on a press release statement from AutoZone, Inc.
In other recent news, AutoZone has been the focus of several analyst updates following its third-quarter performance. TD Cowen maintained its Buy rating with a price target of $4,300, noting strong domestic sales growth despite some margin pressures due to strategic investments. UBS also raised its price target to $4,260, highlighting the company’s strategic investments as a catalyst for future earnings growth. Guggenheim increased its price target to $4,100, citing the company’s acceleration in domestic sales and strategic investments in hub expansions. Raymond James lifted its target to $4,200, emphasizing AutoZone’s positive sales momentum and growth in the Do-It-For-Me segment. Wells Fargo reiterated its Overweight rating with a $4,200 target, pointing to strong comparable sales growth and strategic initiatives such as the opening of new mega hubs. Analysts collectively recognize AutoZone’s strategic positioning and growth potential, driven by its investments and market share gains. Despite near-term challenges, the outlook from these firms suggests confidence in AutoZone’s ability to leverage its strategic initiatives for continued growth.
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