Retail

Woah - Slow Down There AutoZone. Can You Say Overvalued?

Okay, so auto parts retailer AutoZone (AZO) is doing well since people are using what little cash they have left to work on their existing vehicles, as opposed to buying new ones. Reduced gas prices have also given car owners more incentive to work on their cars. And yes, AutoZone is actually doing well financially - that is, as far as revenue and income growth are concerned. But what about their debt? It's huge. So if they can't keep up their growth, look out below...