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AutoZone (AZO) Stock Price, News & Analysis

$3,097.13
+66.16 (+2.18%)
(As of 07/26/2024 ET)
Today's Range
$3,034.20
$3,114.54
50-Day Range
$2,740.00
$3,097.13
52-Week Range
$2,375.35
$3,256.37
Volume
182,595 shs
Average Volume
148,797 shs
Market Capitalization
$52.90 billion
P/E Ratio
21.42
Dividend Yield
N/A
Price Target
$3,112.71

AutoZone MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.94 Rating Score
Upside/​Downside
0.5% Upside
$3,112.71 Price Target
Short Interest
Healthy
2.11% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.59
Upright™ Environmental Score
News Sentiment
1.04mentions of AutoZone in the last 14 days
Based on 13 Articles This Week
Insider Trading
Acquiring Shares
$99,256 Bought Last Quarter
Proj. Earnings Growth
8.05%
From $151.37 to $163.56 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.47 out of 5 stars

Retail/Wholesale Sector

56th out of 201 stocks

Auto & Home Supply Stores Industry

1st out of 6 stocks

AZO stock logo

About AutoZone Stock (NYSE:AZO)

AutoZone, Inc. retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides 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. It also offers 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 provides 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 offers 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, tools, vehicle entertainment systems, 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. AutoZone, Inc. was founded in 1979 and is headquartered in Memphis, Tennessee.

AZO Stock Price History

AZO Stock News Headlines

Collapse of the Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
AutoZone Authorizes Additional Stock Repurchase
Collapse of the Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
7 Cash-Cow Stocks Making Money Hand Over Fist
3 Transportation Stocks to Buy Now: May 2024
See More Headlines
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Company Calendar

Last Earnings
5/21/2024
Today
7/26/2024
Fiscal Year End
8/31/2024
Next Earnings (Estimated)
9/17/2024

Industry, Sector and Symbol

Industry
Auto & home supply stores
Sub-Industry
Automotive Retail
CUSIP
05333210
Employees
119,000
Year Founded
1979

Price Target and Rating

Average Stock Price Target
$3,112.71
High Stock Price Target
$3,394.00
Low Stock Price Target
$2,600.00
Potential Upside/Downside
+0.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.94
Research Coverage
18 Analysts

Profitability

Net Income
$2.53 billion
Pretax Margin
18.40%

Debt

Sales & Book Value

Annual Sales
$17.46 billion
Cash Flow
$175.59 per share
Book Value
($283.22) per share

Miscellaneous

Free Float
16,656,000
Market Cap
$52.78 billion
Optionable
Optionable
Beta
0.71

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Should I Buy AutoZone Stock? AZO Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in AutoZone, Inc.:

  • AutoZone reported earnings per share (EPS) of $36.69 for the quarter, beating analysts' consensus estimates by $1.02. This indicates strong financial performance and potential for growth.
  • Recent insider buying activity: VP Jenna M. Bedsole purchased 36 shares of AutoZone stock, showing confidence in the company's future prospects.
  • Positive analyst ratings and price targets: Multiple analysts have given AutoZone a "buy" or "outperform" rating, with an average price target of $3,105.88, suggesting potential upside.
  • Stable revenue growth: AutoZone's quarterly revenue was up 3.6% year-over-year, indicating a consistent revenue stream.
  • Strong institutional investor interest: Large investors have been increasing their positions in AutoZone, signaling confidence in the company's long-term outlook.

Cons

Investors should be bearish about investing in AutoZone, Inc. for these reasons:

  • Chairman William C. Rhodes III sold a significant number of shares, which could raise concerns about insider sentiment or future performance.
  • AutoZone's negative return on equity of 54.58% may indicate underlying financial challenges that could impact shareholder returns.
  • The stock price of AutoZone has experienced fluctuations, trading down on recent days, which may introduce volatility and uncertainty for investors.
  • Some analysts have lowered price targets for AutoZone, potentially reflecting concerns about future growth prospects or market conditions.
  • AutoZone's 50-day moving average price is below the 200-day moving average, indicating a possible short-term bearish trend in the stock.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, July 5, 2024. Please send any questions or comments about these AutoZone pros and cons to contact@marketbeat.com.

AZO Stock Analysis - Frequently Asked Questions

How have AZO shares performed this year?

AutoZone's stock was trading at $2,585.61 on January 1st, 2024. Since then, AZO shares have increased by 19.8% and is now trading at $3,097.13.
View the best growth stocks for 2024 here
.

How were AutoZone's earnings last quarter?

AutoZone, Inc. (NYSE:AZO) released its quarterly earnings results on Tuesday, May, 21st. The company reported $36.69 earnings per share for the quarter, topping analysts' consensus estimates of $35.67 by $1.02. AutoZone's revenue for the quarter was up 3.6% on a year-over-year basis.
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.

Does AutoZone have any subsidiaries?

AutoZone subsidiaries include these companies: Interamerican Motor Corporation, AutoAnything, AutoZone West, Auto Palace, Alldata, ALLDATA LLC, AutoZone.com Inc., and others.

Who are AutoZone's major shareholders?

Top institutional shareholders of AutoZone include PineStone Asset Management Inc. (1.82%), Bank of New York Mellon Corp (0.77%), Baillie Gifford & Co. (0.70%) and Maj Invest Holding A S (0.38%). Insiders that own company stock include William C Rhodes III, George R Mrkonic Jr, Charles Pleas III, Richard Craig Smith, Thomas B Newbern, Eric S Gould, Philip B Daniele, Preston Frazer, Albert Saltiel, K Michelle Borninkhof, Brian Hannasch, Dennis W Leriche, Grant E Mcgee, Kristen C Wright, Domingo Hurtado, Jenna M Bedsole, William R Hackney and John Scott Murphy.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of AutoZone own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AutoZone investors own include Xtrackers California Municipal Bond ETF (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW) and Athabasca Oil (ATH).

This page (NYSE:AZO) was last updated on 7/27/2024 by MarketBeat.com Staff

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