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|AZO Stock Split History|
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AutoZone (AZO) has 2 splits in our AutoZone stock split history database. The first split for AZO took place on February 03, 1992. This was a 2 for 1 split, meaning for each share of AZO owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. AZO's second split took place on April 21, 1994. This was a 2 for 1 split, meaning for each share of AZO owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as AutoZone splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the AutoZone stock split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AutoZone shares, starting with a $10,000 purchase of AZO, presented on a split-history-adjusted basis factoring in the complete AutoZone stock split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||18.22%|
|AutoZone is a retailer and distributor of automotive replacement parts and accessories. Co. operates several stores in the U.S., Mexico and Brazil. Each store carries a product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. Co. also had a commercial sales program that provides commercial credit and delivery of parts and other products to local, regional and national repair garages, dealers, service stations and public sector accounts. In addition, Co. sells the ALLDATA brand automotive diagnostic and repair software. According to our AutoZone stock split history records, AutoZone has had 2 splits.|
|AZO Split History Table|
|02/03/1992||2 for 1|
|04/21/1994||2 for 1|
|Services Stock Splits|
|AZO is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: AZO shares outstanding history