NYSE:AZOAutoZone Stock Price, Forecast & News

AutoZone's stock was trading at $1,089.03 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AZO stock has decreased by 17.4% and is now trading at $899.64. View which stocks have been mosted impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last year. There are currently 3 hold ratings, 12 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for AutoZone.

AutoZone is scheduled to release its next quarterly earnings announcement on Tuesday, May 19th 2020. View our earnings forecast for AutoZone.

AutoZone, Inc. (NYSE:AZO) issued its quarterly earnings results on Tuesday, March, 3rd. The company reported $12.39 earnings per share for the quarter, beating analysts' consensus estimates of $11.75 by $0.64. The firm earned $2.51 billion during the quarter, compared to the consensus estimate of $2.56 billion. AutoZone had a negative return on equity of 95.47% and a net margin of 13.42%. AutoZone's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the business earned $11.49 earnings per share. View AutoZone's earnings history.

AutoZone announced that its board has initiated a stock repurchase plan on Wednesday, September 26th 2018, which permits the company to repurchase $1,250,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

16 brokers have issued 1 year target prices for AutoZone's shares. Their forecasts range from $1,000.00 to $1,415.00. On average, they expect AutoZone's share price to reach $1,182.77 in the next year. This suggests a possible upside of 31.5% from the stock's current price. View analysts' price targets for AutoZone.

News headlines about AZO stock have been trending very negative recently, according to InfoTrie. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. AutoZone earned a news impact score of -3.3 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutAutoZone.

AutoZone saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 606,300 shares, a drop of 9.1% from the February 13th total of 666,700 shares. Based on an average trading volume of 278,200 shares, the short-interest ratio is presently 2.2 days. Approximately 2.6% of the shares of the company are short sold. View AutoZone's Current Options Chain.

Some companies that are related to AutoZone include O'Reilly Automotive (ORLY), CarMax (KMX), Advance Auto Parts (AAP), Penske Automotive Group (PAG), AutoNation (AN), Lithia Motors (LAD), Monro (MNRO), PROSPECT CAPITAL 6.25 NTS (PBY), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), Sonic Automotive (SAH) and America's Car-Mart (CRMT).

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), Och-Ziff Capital Management Group (OZM) and Belden (BDC).

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 State of Alaska Department of Revenue (0.04%), LGT Capital Partners LTD. (0.03%), Pensionfund Sabic (0.01%), IBM Retirement Fund (0.00%), Fulton Bank N.A. (0.00%) and Chickasaw Capital Management LLC (0.00%). Company insiders that own AutoZone stock include Albert Saltiel, Charles Pleas III, Domingo Hurtado, Douglas H Brooks, Earl G Graves Jr, Kristen C Wright, Mark A Finestone, Michael M Calbert, Philip B Daniele, Richard Craig Smith, Rodney C Halsell, Ronald B Griffin, Thomas B Newbern, William Andrew Mckenna, William C Rhodes III, William R Hackney, William T Giles and William W Graves. View institutional ownership trends for AutoZone.

AZO stock was bought by a variety of institutional investors in the last quarter, including LGT Capital Partners LTD., State of Alaska Department of Revenue, Silverleafe Capital Partners LLC, Chickasaw Capital Management LLC, IBM Retirement Fund, Pensionfund Sabic, and Fulton Bank N.A.. Company insiders that have bought AutoZone stock in the last two years include Douglas H Brooks, and Michael M Calbert. View insider buying and selling activity for AutoZone.

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

One share of AZO stock can currently be purchased for approximately $899.64.

AutoZone has a market capitalization of $21.01 billion and generates $11.86 billion in revenue each year. The company earns $1.62 billion in net income (profit) each year or $63.43 on an earnings per share basis. AutoZone employs 96,000 workers across the globe. View additional information about AutoZone.

The official website for AutoZone is http://www.autozone.com/.

AutoZone's mailing address is 123 SOUTH FRONT ST, MEMPHIS TN, 38101. The company can be reached via phone at 901-495-6500 or via email at [email protected]