AutoZone: Up Almost 700% Since 2010
AutoZone Inc. (NYSE: AZO) was last seen trading at $1,189.91, in a 52-week range of $684.91 to $1,274.41 and with a market capitalization of $27.8 billion. AutoZone is a strange situation. A car parts store with a stock price of nearly $1,200 might not tell its customers who come into the store that perhaps they should buy a share of stock for the price of five car batteries. Its last splits were both two-to-one, back in 1994 and 1992.
AutoZone oddly enough pays no dividend, but its history of stockholder returns has been focused on repurchasing its common stock to shrink the float. Even as of October 2019, the company had authorized a total of $23.2 billion in share repurchases since its repurchase program kicked off in 1998.
Booking: Fears of Yesteryear?
Booking Holdings Inc. (NASDAQ: BKNG) was last seen trading at $1,818.95, and its 52-week range is $1,107.29 to $2,094.00. It has a $74.5 billion market cap. One interesting aspect of Booking Holdings is that it effected a reverse split back in 2003 (by one-for-six) because its stock price was so low back then, when it was still known to investors as Priceline.com.
Boston Beer: Up 250% in Five Years
Boston Beer Co. (NYSE: SAM) was last seen trading at $810.16, in a 52-week range of $290.02 to $871.64. It has a $9.9 billion market cap. Boston Beer is another stock for which such a high share price just makes no sense. Many people love to drink their beers and seltzer, but one share of common stock equates to the price of 80 or so six-packs.
Charter Communications: Up 200% in Five Years
Charter Communications Inc. (NASDAQ: CHTR) was last seen trading at $604.14, and its 52-week range is $345.67 to $611.47. Its market cap is $123.8 billion. Charter Communications has the highest price of any cable and media stock. It is now what is left of business combinations with Bright House Networks and Time Warner Cable, now under the Spectrum brand, but those are long enough in the past that there is no reason to have such a high share price.
Chipotle: Under 100% Gain in Five Years, Up 350% Since Peak-Montezuma
Chipotle Mexican Grill Inc. (NYSE: CMG) was last seen trading at $1,167.04, and its 52-week range is $415.00 to $1,193.25. It has a $32.6 billion market cap. It is hard to imagine that Chipotle was spun out of McDonald’s, but its customers tend to have extremely high loyalty rates. When they type in “CMG Stock” as a search on their smartphones, they probably think, “I can buy one share or pay for my next 100 meals here.”
Equinix: Up 175% in Five Years Riding the Cloud
Equinix Inc. (NASDAQ: EQIX) was last seen trading at $775.86, and its 52-week range is $477.87 to $805.81. It has a $68.7 billion market cap. Equinix is a real estate investment trust involved in data centers, and it has close to a 1.4% dividend yield. Some investors consider it somewhat as an AWS without all of the other Amazon operations. One reason it may not want to split is that the last split on record was a reverse split of one-for-32 back in 2002.
Netflix: Up 300% in Five Years
Netflix Inc. (NASDAQ: NFLX) was last seen trading at $479.28. It has a 52-week range of $252.28 to $575.37 and a $211.4 billion market cap. Customers may think of one share at $480 or so as being close to 50 months of service fees. But in close to 20 years of trading history, Netflix split seven-for-one back in 2015 and two-for-one back in 2004.
NVR: Homebuilder Up Almost 175% in Five Years
NVR Inc. (NYSE: NVR) is now a $4,000 stock, the highest of any homebuilding stock price by a factor of close to 40-to-one. The stock just hit new all-time highs and has doubled from its lows in March. The company is the third-largest homebuilder by market cap, with a $14.5 billion value.