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MU   62.32 (+1.50%)
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CGC   3.15 (-4.26%)
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F   15.83 (+2.13%)
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AMC   25.46 (+7.56%)
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PFE   48.29 (-3.32%)
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NYSE:AZO

AutoZone - AZO Stock Forecast, Price & News

$2,230.83
+7.56 (+0.34%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$2,219.90
$2,244.11
50-Day Range
$1,992.55
$2,224.32
52-Week Range
$1,503.30
$2,267.40
Volume
100,748 shs
Average Volume
183,598 shs
Market Capitalization
$43.47 billion
P/E Ratio
19.79
Dividend Yield
N/A
Price Target
$2,169.41

AutoZone MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.72 Rating Score
Upside/​Downside
2.8% Downside
$2,169.41 Price Target
Short Interest
Healthy
2.35% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.24
Upright™ Environmental Score
News Sentiment
-0.06mentions of AutoZone in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$7.40 M Sold Last Quarter
Proj. Earnings Growth
7.12%
From $115.12 to $123.32 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Retail/Wholesale Sector

143rd out of 219 stocks

Auto & Home Supply Stores Industry

4th out of 6 stocks

AZO stock logo

About AutoZone (NYSE:AZO) Stock

AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs. In addition, the company offers maintenance products, such as antifreeze and windshield washer fluids; brake drums, rotors, shoes, and pads; brake and power steering fluids, and oil and fuel additives; oil and transmission fluids; oil, cabin, air, fuel, and transmission filters; oxygen sensors; paints and accessories; refrigerants and accessories; shock absorbers and struts; spark plugs and wires; and windshield wipers. Further, it provides air fresheners, cell phone accessories, drinks and snacks, floor mats and seat covers, interior and exterior accessories, mirrors, performance products, protectants and cleaners, sealants and adhesives, steering wheel covers, stereos and radios, tools, and wash and wax products, as well as towing services. Additionally, the company provides a sales program that offers commercial credit and delivery of parts and other products; sells automotive diagnostic and repair software under the ALLDATA brand through alldata.com and alldatadiy.com; and automotive hard parts, maintenance items, accessories, and non-automotive products through autozone.com. As of November 20, 2021, it operated 6,066 stores in the United States; 666 stores in Mexico; and 53 stores in Brazil. The company was founded in 1979 and is based in Memphis, Tennessee.

AutoZone Price Performance

AutoZone stock opened at $2,223.27 on Thursday. The firm has a market cap of $43.33 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 1.67 and a beta of 0.78. The firm has a fifty day moving average price of $2,130.02 and a two-hundred day moving average price of $2,038.06. AutoZone has a fifty-two week low of $1,503.30 and a fifty-two week high of $2,267.40.

AutoZone (NYSE:AZO - Get Rating) last released its earnings results on Tuesday, May 24th. The company reported $29.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $25.87 by $3.16. AutoZone had a negative return on equity of 92.10% and a net margin of 15.21%. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the firm posted $26.48 EPS. The company's revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts expect that AutoZone will post 115.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AZO shares. Wedbush restated an "outperform" rating on shares of AutoZone in a report on Monday, May 23rd. MKM Partners began coverage on AutoZone in a report on Thursday, June 23rd. They issued a "buy" rating and a $2,350.00 target price for the company. Stephens lifted their price target on AutoZone from $2,195.00 to $2,285.00 and gave the company an "overweight" rating in a report on Thursday, May 26th. Morgan Stanley upgraded AutoZone from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $2,125.00 to $2,420.00 in a research report on Thursday, June 16th. Finally, Raymond James upped their target price on AutoZone from $2,100.00 to $2,400.00 and gave the company an "outperform" rating in a report on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, AutoZone has a consensus rating of "Moderate Buy" and a consensus price target of $2,169.41.

Insider Activity at AutoZone

In other AutoZone news, VP Domingo Hurtado sold 395 shares of the firm's stock in a transaction on Friday, July 15th. The shares were sold at an average price of $2,217.53, for a total value of $875,924.35. Following the sale, the vice president now directly owns 362 shares in the company, valued at approximately $802,745.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Brian Hannasch bought 133 shares of the business's stock in a transaction that occurred on Thursday, May 26th. The stock was acquired at an average cost of $1,901.95 per share, for a total transaction of $252,959.35. Following the completion of the purchase, the director now owns 512 shares of the company's stock, valued at approximately $973,798.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Domingo Hurtado sold 395 shares of AutoZone stock in a transaction on Friday, July 15th. The stock was sold at an average price of $2,217.53, for a total transaction of $875,924.35. Following the sale, the vice president now owns 362 shares in the company, valued at approximately $802,745.86. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company's stock.

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AZO Stock News Headlines

These Stocks Outperformed Last Time There Was A Recession
With two consecutive quarters of declines in GDP and inflation continuing to run hot, investors may be worried about how their portfolios
Brokerages Set AutoZone, Inc. (NYSE:AZO) PT at $2,164.38
AutoZone, Inc. (NYSE:AZO) CEO Sells $6,526,324.14 in Stock
1 Stock That Can Keep Cruising During a Recession
See More Headlines
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AZO Company Calendar

Last Earnings
5/24/2022
Today
8/11/2022
Fiscal Year End
8/31/2022
Next Earnings (Estimated)
9/20/2022

Industry, Sector and Symbol

Industry
Auto & home supply stores
Sub-Industry
Automotive Retail
CUSIP
05333210
Employees
100,000
Year Founded
1979

Price Target and Rating

Average Stock Price Forecast
$2,169.41
High Stock Price Forecast
$2,420.00
Low Stock Price Forecast
$1,490.00
Forecasted Upside/Downside
-2.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72
Research Coverage
18 Analysts

Profitability

Net Income
$2.17 billion
Pretax Margin
19.13%

Debt

Sales & Book Value

Annual Sales
$14.63 billion
Cash Flow
$120.72 per share
Book Value
($83.43) per share

Miscellaneous

Free Float
18,981,000
Market Cap
$43.47 billion
Optionable
Optionable
Beta
0.78

Social Links















AZO Stock - Frequently Asked Questions

Should I buy or sell AutoZone stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last year. There are currently 1 sell rating, 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AZO shares.
View AZO analyst ratings
or view top-rated stocks.

What is AutoZone's stock price forecast for 2022?

18 brokerages have issued 1 year price objectives for AutoZone's shares. Their AZO share price forecasts range from $1,490.00 to $2,420.00. On average, they expect the company's share price to reach $2,169.41 in the next twelve months. This suggests that the stock has a possible downside of 2.6%.
View analysts price targets for AZO
or view top-rated stocks among Wall Street analysts.

How have AZO shares performed in 2022?

AutoZone's stock was trading at $2,096.39 at the beginning of 2022. Since then, AZO shares have increased by 6.3% and is now trading at $2,227.49.
View the best growth stocks for 2022 here
.

Are investors shorting AutoZone?

AutoZone saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 455,300 shares, an increase of 7.3% from the July 15th total of 424,500 shares. Based on an average daily volume of 182,800 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.4% of the shares of the company are sold short.
View AutoZone's Short Interest
.

When is AutoZone's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 20th 2022.
View our AZO earnings forecast
.

How were AutoZone's earnings last quarter?

AutoZone, Inc. (NYSE:AZO) released its quarterly earnings data on Tuesday, May, 24th. The company reported $29.03 EPS for the quarter, topping the consensus estimate of $25.87 by $3.16. The firm earned $3.87 billion during the quarter, compared to analyst estimates of $3.71 billion. AutoZone had a net margin of 15.21% and a negative trailing twelve-month return on equity of 92.10%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $26.48 EPS.
Read the conference call transcript
.

What is Bill Rhodes III's approval rating as AutoZone's CEO?

1,445 employees have rated AutoZone Chief Executive Officer Bill Rhodes III on Glassdoor.com. Bill Rhodes III has an approval rating of 66% among the company's employees.

What other stocks do shareholders of AutoZone own?

Based on aggregate information from My MarketBeat watchlists, some companies that other AutoZone investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), Accenture (ACN) and Och-Ziff Capital Management Group (OZM).

What is AutoZone's stock symbol?

AutoZone trades on the New York Stock Exchange (NYSE) under the ticker symbol "AZO."

Who are AutoZone's major shareholders?

AutoZone's stock is owned by a variety of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (6.48%), Fiera Capital Corp (3.48%), Deutsche Bank AG (1.01%), Robeco Institutional Asset Management B.V. (0.84%), California Public Employees Retirement System (0.78%) and Eagle Asset Management Inc. (0.49%). Insiders that own company stock include Albert Saltiel, Brian Hannasch, Charles Pleas III, Domingo Hurtado, Earl G Graves Jr, Eric S Gould, George R Mrkonic Jr, Jane Huang, John Scott Murphy, K Michelle Borninkhof, Kristen C Wright, Mark A Finestone, Michael M Calbert, Mitchell C Major, Philip B Daniele, Preston Frazer, Ronald B Griffin, Thomas B Newbern, William C Rhodes III, William C Rhodes III, William R Hackney and William T Giles.
View institutional ownership trends
.

How do I buy shares of AutoZone?

Shares of AZO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is AutoZone's stock price today?

One share of AZO stock can currently be purchased for approximately $2,227.49.

How much money does AutoZone make?

AutoZone (NYSE:AZO) has a market capitalization of $43.41 billion and generates $14.63 billion in revenue each year. The company earns $2.17 billion in net income (profit) each year or $112.74 on an earnings per share basis.

How many employees does AutoZone have?

The company employs 100,000 workers across the globe.

Does AutoZone have any subsidiaries?

The following companies are subsidiares of AutoZone: ALLDATA LLC, Alldata, Auto Palace, AutoAnything, AutoZone Development LLC, AutoZone IP LLC, AutoZone Northeast LLC, AutoZone Parts Inc., AutoZone Puerto Rico Inc., AutoZone Stores LLC, AutoZone Texas LLC, AutoZone West, AutoZone West LLC, AutoZone de México S. de R.L. de C.V., AutoZone.com Inc., Interamerican Motor Corporation, and Riverside Captive Insurance Company.
Read More

When was AutoZone founded?

AutoZone was founded in 1979.

How can I contact AutoZone?

AutoZone's mailing address is 123 SOUTH FRONT ST, MEMPHIS TN, 38101. The official website for the company is www.autozone.com. The company can be reached via phone at (901) 495-6500, via email at investor.relations@autozone.com, or via fax at 901-495-8300.

This page (NYSE:AZO) was last updated on 8/11/2022 by MarketBeat.com Staff

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