AutoZone (AZO) Stock Forecast, Price & News

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

17 Wall Street analysts have issued twelve-month target prices for AutoZone's shares. Their AZO share price forecasts range from $2,465.00 to $3,020.00. On average, they expect the company's share price to reach $2,803.12 in the next year. This suggests a possible upside of 10.0% from the stock's current price.
View analysts price targets for AZO or view top-rated stocks among Wall Street analysts.

AutoZone's stock was trading at $2,466.18 on January 1st, 2023. Since then, AZO shares have increased by 3.3% and is now trading at $2,548.19.
View the best growth stocks for 2023 here.

AutoZone saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 383,200 shares, an increase of 6.3% from the August 15th total of 360,600 shares. Based on an average daily volume of 154,900 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.1% of the shares of the company are sold short.
View AutoZone's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
View our AZO earnings forecast.

AutoZone, Inc. (NYSE:AZO) released its earnings results on Tuesday, September, 19th. The company reported $46.46 EPS for the quarter, beating analysts' consensus estimates of $44.51 by $1.95. The company had revenue of $5.69 billion for the quarter, compared to analysts' expectations of $5.62 billion. AutoZone had a negative trailing twelve-month return on equity of 60.66% and a net margin of 14.48%. The company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $40.51 earnings per share.
Read the conference call transcript.

ETFs with the largest weight of AutoZone (NYSE:AZO) stock in their portfolio include VanEck Retail ETF (RTH), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), SEI Enhanced U.S. Large Cap Momentum Factor ETF (SEIM), AB US Low Volatility Equity ETF (LOWV), Alpha Intelligent - Large Cap Growth ETF (AILG), ASYMmetric Smart S&P 500ETF (ASPY), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) and Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD).

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.

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).

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

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.
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One share of AZO stock can currently be purchased for approximately $2,548.19.

AutoZone (NYSE:AZO) has a market capitalization of $46.28 billion and generates $17.46 billion in revenue each year. The company earns $2.53 billion in net income (profit) each year or $132.67 on an earnings per share basis.

The company employs 112,000 workers across the globe.

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.