Is AutoZone ($AZO) another Adobe/Nike, or will it rebound?

Currently, the whole auto parts sector is having a huge sell-off due to high debt and fears of the products becoming obsolete in the future.

AZO PE ratio is around 21, which is still slightly higher compared to the 10-year average (around 15-20). So it can still go down a bit more.

Personally, I think this is a good opportunity to load up when the price is right.

Are you watching/buying AZO, or do you think it's just another "falling knife" stock?