AutoZone (AZO) Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last year. There are currently 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AZO shares.
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17 analysts have issued 1 year price objectives for AutoZone's shares. Their AZO share price forecasts range from $2,465.00 to $3,020.00. On average, they predict the company's stock price to reach $2,803.12 in the next year. This suggests a possible upside of 9.7% from the stock's current price.
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AutoZone's stock was trading at $2,466.18 at the start of the year. Since then, AZO stock has increased by 3.6% and is now trading at $2,555.13.
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AutoZone saw a increase in short interest in 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 trading volume, of 154,900 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.1% of the shares of the stock 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) posted its quarterly earnings results on Tuesday, September, 19th. The company reported $46.46 EPS for the quarter, topping the consensus estimate of $44.51 by $1.95. The business earned $5.69 billion during 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%. AutoZone's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $40.51 EPS.
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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."

AutoZone's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.54%), State Street Corp (4.46%), Fiera Capital Corp (3.03%), Boston Partners (2.41%), Royal Bank of Canada (2.40%) and Geode Capital Management LLC (2.21%). Insiders that own company stock include Albert Saltiel, Brian Hannasch, Charles Pleas III, Dennis W Leriche, Domingo Hurtado, Eric S Gould, George R Mrkonic Jr, Grant E Mcgee, Jane Huang, John Scott Murphy, K Michelle Borninkhof, Kristen C Wright, Mark A Finestone, 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.
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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 $2,555.13.

AutoZone (NYSE:AZO) has a market capitalization of $46.40 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.