AutoZone, Inc. (NYSE:AZO) was discussed on Jim Cramer’s show, with concerns about its price-to-earnings ratio. Cramer believes the company’s consistency will lead to better performance in the next quarter and recommends buying the stock.

AutoZone, Inc. (NYSE:AZO) is an auto parts retailer that has significantly reduced its share count, making it a long-term outperformer. Cramer suggests buying the stock due to high interest rates, expensive new car financing, and a recent 22% pullback from its highs.

While AZO is considered a good investment, AI stocks may offer greater upside potential with less downside risk. For those interested in undervalued AI stocks benefiting from current trends, a report on the best short-term AI stock is recommended.

Read more at Yahoo Finance: “This Company Always Pivots and Always Pivots Well”