How Devotion To DIYers And Financial Wizardry Made AutoZone One Of America's Best Performing Stocks [Forbes]
O'Reilly Automotive, Inc. (ORLY)
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Source: Forbes
But can one of the top stocks of the last three decades keep it up in the face of new rivals and fewer tinkerers? hil Daniele was working for a competing auto-parts chain when AutoZone entered the Jacksonville, Florida, market in 1986. Daniele had worked in car stores since high school, paying his way through college by stocking shelves. He joined AutoZone in 1993 as a store manager in training before being given his own store after a few months, the first of ten titles in three decades. “I'm not a phenomenon. If you look at our leadership team, many of our VPs started out in an hourly role at a store,” says Daniele, 56, who is now CEO of AutoZone. Today, AutoZone—known for its universal get in the zone, AutoZone radio jingle—employs 126,000 people, with over 6,500 stores in the U.S. and another 1,000 in Mexico and Brazil. The retailer sells everything from motor oil and upholstery cleaner to specialized car parts for nearly every make and model. With $18.5 billion in sales last y
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