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AutoZone (AZO) Stock Price, News & Analysis

$2,769.94
-2.62 (-0.09%)
(As of 05/31/2024 ET)
Today's Range
$2,741.14
$2,790.38
50-Day Range
$2,740.00
$3,192.79
52-Week Range
$2,277.88
$3,256.37
Volume
161,870 shs
Average Volume
150,501 shs
Market Capitalization
$47.98 billion
P/E Ratio
19.50
Dividend Yield
N/A
Price Target
$3,104.13

AutoZone MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
12.1% Upside
$3,104.13 Price Target
Short Interest
Healthy
2.78% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.59
Upright™ Environmental Score
News Sentiment
0.35mentions of AutoZone in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$41.34 M Sold Last Quarter
Proj. Earnings Growth
7.99%
From $151.75 to $163.88 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.

4.69 out of 5 stars

Retail/Wholesale Sector

25th 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

Advance Auto Parts Pivots Strategy to Compete with Rivals (AZO)
Advance Auto Parts management is making the right calls when it comes to navigating the current economy, analysts recognize these efforts in EPS projections
MarketBeat Week in Review – 5/20 - 5/24 (AZO)
The market sold off sharply despite a strong earnings report from Nvidia; a short trading week will include economic reports that could bring more volatility
AutoZone Pulling Back Into the Buy Zone
AutoZone NYSE: AZO share prices are declining because the Q3 results weren't strong enough. The company says the timing of tax payments and cold weather impacted the results, which are one-off, non-recurring factors that have little to do with the outlook.
AutoZone Pulling Back Into the Buy Zone
Autozone is buying back shares like mad, supporting the uptrend in its share prices, and a new all-time high is likely by year-end.
Barclays Cuts AutoZone (NYSE:AZO) Price Target to $3,024.00
3 Transportation Stocks to Buy Now: May 2024
AutoZone (NYSE:AZO) Price Target Cut to $3,038.00
AutoZone (NYSE:AZO) Price Target Cut to $3,000.00
See More Headlines
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Company Calendar

Last Earnings
5/21/2024
Today
6/01/2024
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
$3,104.13
High Stock Price Target
$3,394.00
Low Stock Price Target
$2,600.00
Potential Upside/Downside
+12.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
18 Analysts

Profitability

Net Income
$2.53 billion
Pretax Margin
18.48%

Debt

Sales & Book Value

Annual Sales
$17.46 billion
Cash Flow
$167.07 per share
Book Value
($239.59) per share

Miscellaneous

Free Float
16,886,000
Market Cap
$47.98 billion
Optionable
Optionable
Beta
0.72

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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's recent earnings report exceeded analysts' expectations, showcasing strong financial performance and potential for growth.
  • The company's stock price has been showing positive momentum, with recent trading sessions indicating an upward trend.
  • AutoZone has a solid market capitalization of over $50 billion, indicating stability and a strong position in the industry.
  • Insider selling activities could be seen as profit-taking and not necessarily a negative signal, especially considering the company's overall performance.
  • Analysts have given AutoZone a positive rating, with an average price target above the current stock price, suggesting potential for stock price appreciation.

Cons

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

  • AutoZone's negative return on equity indicates potential inefficiencies in the company's operations and management of shareholder equity.
  • The company's PEG ratio of 1.48 may suggest that the stock is slightly overvalued based on its growth prospects.
  • Recent insider selling activities, including by top executives, could raise concerns about the company's future performance or internal outlook.
  • AutoZone's beta of 0.72 indicates lower volatility compared to the market, potentially limiting short-term trading opportunities for investors seeking high-risk, high-reward investments.
  • Analysts have issued some cautionary notes, such as dropping price targets, which could reflect uncertainties or challenges ahead for AutoZone.
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, May 31, 2024. Please send any questions or comments about these AutoZone pros and cons to contact@marketbeat.com.

AZO Stock Analysis - Frequently Asked Questions

Should I buy or sell AutoZone stock right now?

18 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, 14 buy ratings and 1 strong buy rating 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.

What is AutoZone's stock price target for 2024?

18 Wall Street research analysts have issued 12-month price objectives for AutoZone's stock. Their AZO share price targets range from $2,600.00 to $3,394.00. On average, they predict the company's share price to reach $3,104.13 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price.
View analysts price targets for AZO
or view top-rated stocks among Wall Street analysts.

How have AZO shares performed in 2024?

AutoZone's stock was trading at $2,585.61 at the beginning of 2024. Since then, AZO stock has increased by 7.1% and is now trading at $2,769.94.
View the best growth stocks for 2024 here
.

Are investors shorting AutoZone?

AutoZone saw a increase in short interest in April. As of April 30th, there was short interest totaling 502,400 shares, an increase of 25.3% from the April 15th total of 400,900 shares. Based on an average daily volume of 147,600 shares, the short-interest ratio is currently 3.4 days. Approximately 2.9% of the shares of the stock are short sold.
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 17th 2024.
View our AZO earnings forecast
.

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 the consensus estimate of $35.67 by $1.02. The business had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.29 billion. AutoZone had a negative trailing twelve-month return on equity of 56.06% and a net margin of 14.70%. The company's revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $34.12 earnings per share.
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?
Who are AutoZone's major shareholders?

AutoZone's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.99%), Boston Partners (2.21%), Price T Rowe Associates Inc. MD (1.23%), Nordea Investment Management AB (1.17%), Captrust Financial Advisors (0.88%) and Bank of New York Mellon Corp (0.77%). 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, Jenna M Bedsole, John Scott Murphy, K Michelle Borninkhof, Kristen C Wright, Mark A Finestone, Philip B Daniele, Preston Frazer, Richard Craig Smith, Ronald B Griffin, Thomas B Newbern, William C Rhodes III, William C Rhodes III and William R Hackney.
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.

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
This page (NYSE:AZO) was last updated on 6/1/2024 by MarketBeat.com Staff

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