Autozone Inc. reported that the recent quarterly revenue were less about 5 percent than they expected due to the strengthening economy of U.S. which encourages the buyers to purchase new vehicles instead of a repaired one.<br>In the past three months, a strong economy growth has been shown by the U.S. auto sales where it rose up to 5.4 percent which is about 1.58 million units of vehicles, the highest record so far for the month since the 1.63 million vehicles sold in August of 2003.<br>Autozone, in the same store, reported a rise of 2.1 percent only for the fourth quarter which is the store’s smallest increase so far for the past three quarters.<br>High-margin commercial business repair’s sales rose up only at about 5.3 percent, far little from the previous quarter’s 14 percent rise.<br>"AutoZone's higher exposure to the slower-growing do-it-yourself (retail) segment and lower exposure to the higher-growth commercial delivery business was a bit of a competitive headwind," Scot Ciccarelli, RBC Capital Markets analyst, said.<br>On the other hand, the rivals of Autozone, O’Reilly Automotive Inc. and Advance Auto Parts Inc., got 40 percent of its revenue in 2013 from its commercial repairs.<br>Autozone, currently based in Memphis Tennessee, is still catching up in the commercial business auto market. 17.5 percent only of the 2014 sales of Autozone were accounted to its commercial repair, a little bit higher from its previous 17.3 percent share a year ago.<br>Liang Fang, Morningstar analyst, estimated that the commercial repairs business in U.S. was sized about $59 billion in 2013. Fang added that while Autozone’s share is still static in the 2-2.5 percent range, Advance Auto Parts is expected to have a 10 percent share at the year’s end.<br>Bill Rhodes, Chief Executive of Autozone, said on a call, “It's (commercial business) nowhere near where we want it to be... We have not set any specific number because we don't want to maximize or put a threshold to where we're going.”<br>The revenue of the company in the fourth quarter went up at about 4.5 percent, which is about $3.05 billion, but a little low from the $3.07 billion forecasted revenue of the analysts.<br>The net income of the company increased to about $373.7 million for the fourth quarter, higher from year earlier’s $347.8 million, $0.02 higher than the analysts’ forecasted $11.26 per share.<br>In the afternoon trading of New York Stock Exchange, Autozone’s share went down 4.3 percent where in the past 12 months, it rose to about 25 percent and an about 18 percent rise in the S and P 500 index.<br><br><a href="http://store.onlinejobs.ph/?aid=25507">Full-time Filipino Virtual Assistants from $1.58/hour<br /><br>  Amazing Webmasters, Programmers, and Content writers...In the Philippines<br /><br>  Over 80,000 Filipino Virtual Assistant Database</a>