AutoZone

AutoZone is the largest retailer of aftermarket automotive parts and accessories in the United States, serving both do-it-yourself customers and professional repair shops through thousands of stores across the Americas. Its dense store network and commercial delivery business give it a durable edge in a market that tends to hold up even when consumers delay buying new cars. AutoZone pays no dividend and instead channels its considerable free cash flow into one of the most aggressive share buyback programs in retail, steadily shrinking its share count for years. Income investors will find little here. The stock is a total-return story built on repurchases and compounding earnings, which explains its modest dividend score.