Who Owns AutoZone? – Detailed Answer
AutoZone is a leading retailer and distributor of automotive replacement parts and accessories in the United States. The company operates over 6,000 stores across the country and has a significant presence in Mexico and Brazil.
If you are curious to know who owns AutoZone, you may be surprised to learn that the company is largely owned by institutional investors. In this article, we will provide a detailed answer to this question and give you a better understanding of the ownership structure of AutoZone.
Who is AutoZone owned by?
The Vanguard Group, Inc. is the largest institutional investor in AutoZone and owns a significant percentage of the company’s outstanding shares. Other major institutional investors that hold stakes in AutoZone include BlackRock, State Street Corporation, and Fidelity Management & Research Company.
What is the percentage of stake that Vanguard Group holds in AutoZone?
As of the 13F filings reported on June 30, 2021, The Vanguard Group, Inc. holds a 16.35% stake in AutoZone. This makes Vanguard Group the largest shareholder in the company.
Who are the other institutional investors that hold stakes in AutoZone?
According to the same 13F filings, some of the other top institutional investors that hold stakes in AutoZone include –
- BlackRock, Inc. – 9.07% stake
- State Street Corporation – 5.11% stake
- Fidelity Management & Research Company – 4.86% stake
- The Capital Group Companies, Inc. – 3.83% stake
- Wellington Management Company, LLP – 3.48% stake
More about AutoZone
AutoZone was founded in 1979 and has since grown to be a leading supplier of automotive parts and accessories to both professional mechanics and DIY customers. The company offers a wide range of products including batteries, brakes, fuel systems, filters, and much more.
AutoZone prides itself in providing customers with high-quality parts at competitive prices while also offering excellent customer service. The company has won numerous awards for its customer service over the years and is known for its knowledgeable staff and helpful in-store experience.
The Bottom Line
AutoZone is one of the top automotive parts and accessories retailers in the United States and has a significant presence in several other countries. While the company is largely owned by institutional investors, AutoZone remains committed to providing customers with high-quality products and excellent customer service. As a consumer, you can trust that when you shop at AutoZone, you are dealing with a reputable company that values its customers.