Watch for Continued Gains in Shares of AutoZone Inc. (AZO)
AutoZone Inc. (NYSE:AZO) traded at a new 12-month high today of $2221.57. So far today approximately 62,000 shares have been exchanged, as compared to an average 30-day volume of 204,000 shares. AutoZone Inc. is currently priced 18.6% above its average consensus analyst price target of $1803.25. Over the past year, AutoZone Inc. has traded in a range of $1367.96 to $2221.57 and is now at $2214.36, 62% above that low. AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic…