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 Video: What is a Stock Split?
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| AutoZone, Inc. is a retailer and distributor of automotive replacement parts and accessories in the Americas. Its Auto Parts Stores segment is the retailer and distributor of automotive parts and accessories through the Co.'s, stores in the U.S., Mexico, and Brazil. Each store carries an extensive 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. According to our AZO split history records, AutoZone has had 2 splits. | |
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AutoZone (AZO) has 2 splits in our AZO 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 AZO 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 AZO split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/16/2014 |
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| End date: |
12/13/2024 |
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| Start price/share: |
$597.93 |
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| End price/share: |
$3,370.27 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
463.66% |
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| Average Annual Total Return: |
18.88% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$56,375.18 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 02/03/1992 | 2 for 1
| | 04/21/1994 | 2 for 1
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