NYSE:AZOAutoZone Stock Price, Forecast & News

AutoZone's stock was trading at $1,089.03 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AZO shares have decreased by 16.0% and is now trading at $915.22. View which stocks have been most impacted by Coronavirus.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last year. There are currently 4 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 earnings results on Tuesday, March, 3rd. The company reported $12.39 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $11.75 by $0.64. The business had revenue of $2.51 billion for 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% compared to the same quarter last year. During the same period last year, the company earned $11.49 EPS. View AutoZone's earnings history.

AutoZone announced that its board has approved a share repurchase program on Wednesday, September 26th 2018, which authorizes the company to repurchase $1,250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 6.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its stock is undervalued.

17 brokers have issued 1-year price objectives for AutoZone's stock. Their forecasts range from $950.00 to $1,415.00. On average, they anticipate AutoZone's share price to reach $1,166.14 in the next twelve months. This suggests a possible upside of 27.4% from the stock's current price. View analysts' price targets for AutoZone.

News coverage about AZO stock has trended very negative on Thursday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. AutoZone earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. 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 daily volume of 278,200 shares, the short-interest ratio is presently 2.2 days. Approximately 2.6% of the company's stock 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 many different retail and institutional 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 acquired 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 $915.22.

AutoZone has a market capitalization of $21.37 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]