AutoZone - AZO Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AZO shares.
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16 analysts have issued 12 month price objectives for AutoZone's stock. Their AZO share price forecasts range from $2,330.00 to $2,850.00. On average, they predict the company's share price to reach $2,568.40 in the next twelve months. This suggests a possible upside of 4.6% 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 $2,096.39 at the start of the year. Since then, AZO shares have increased by 17.1% and is now trading at $2,455.26.
View the best growth stocks for 2022 here.

AutoZone saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 401,300 shares, a drop of 11.5% from the October 15th total of 453,300 shares. Based on an average trading volume of 157,400 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.1% of the shares of the stock are short sold.
View AutoZone's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our AZO earnings forecast.

AutoZone, Inc. (NYSE:AZO) posted its quarterly earnings results on Tuesday, December, 6th. The company reported $27.45 EPS for the quarter, beating the consensus estimate of $24.82 by $2.63. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.87 billion. AutoZone had a negative trailing twelve-month return on equity of 79.74% and a net margin of 14.95%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $25.69 EPS.
Read the conference call transcript.

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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.92%), BlackRock Inc. (8.02%), State Street Corp (4.39%), Fiera Capital Corp (3.37%), Boston Partners (3.30%) and Royal Bank of Canada (2.46%). Insiders that own company stock include Albert Saltiel, Brian Hannasch, Charles Pleas III, Domingo Hurtado, Eric S Gould, George R Mrkonic Jr, Jane Huang, John Scott Murphy, K Michelle Borninkhof, Kristen C Wright, Mark A Finestone, Michael M Calbert, 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 $2,455.26.

AutoZone (NYSE:AZO) has a market capitalization of $46.60 billion and generates $16.25 billion in revenue each year. The company earns $2.43 billion in net income (profit) each year or $117.53 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.