NYSE:AZOAutoZone Stock Price, Forecast & News

AutoZone's stock was trading at $1,089.03 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AZO stock has increased by 6.0% and is now trading at $1,153.93. View which stocks have been most impacted by Coronavirus.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last year. There are currently 4 hold ratings, 14 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, September 22nd 2020. View our earnings forecast for AutoZone.

AutoZone, Inc. (NYSE:AZO) released its earnings results on Tuesday, May, 26th. The company reported $14.39 earnings per share for the quarter, topping the consensus estimate of $13.80 by $0.59. The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.65 billion. AutoZone had a negative return on equity of 89.85% and a net margin of 12.90%. AutoZone's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $15.99 earnings per share. View AutoZone's earnings history.

AutoZone declared that its Board of Directors has authorized a share repurchase program on Wednesday, September 26th 2018, which allows the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 6.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

19 analysts have issued 1-year price targets for AutoZone's stock. Their forecasts range from $1,015.00 to $1,415.00. On average, they anticipate AutoZone's stock price to reach $1,215.88 in the next year. This suggests a possible upside of 5.4% from the stock's current price. View analysts' price targets for AutoZone.

Press coverage about AZO stock has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. AutoZone earned a news impact score of 2.0 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutAutoZone.

AutoZone saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 423,900 shares, a decrease of 19.8% from the April 30th total of 528,500 shares. Based on an average daily volume of 336,400 shares, the short-interest ratio is presently 1.3 days. Currently, 1.8% 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), AutoNation (AN), Penske Automotive Group (PAG), Lithia Motors (LAD), Monro (MNRO), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), PROSPECT CAPITAL 6.25 NTS (PBY), Sonic Automotive (SAH) and America's Car-Mart (CRMT). View all competitors.

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 investors include BlackRock Inc. (7.74%), State Street Corp (4.68%), JPMorgan Chase & Co. (3.72%), Fiera Capital Corp (2.81%), Caisse DE Depot ET Placement DU Quebec (1.98%) and Geode Capital Management LLC (1.91%). Company insiders that own AutoZone stock include Albert Saltiel, Charles Pleas III, Domingo Hurtado, 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 sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., BlackRock Inc., Wealth Quarterback LLC, APG Asset Management N.V., AQR Capital Management LLC, Invesco Ltd., and Janus Henderson Group PLC. Company insiders that have sold AutoZone company stock in the last year include Albert Saltiel, Domingo Hurtado, Earl G Graves Jr, Kristen C Wright, Richard Craig Smith, Ronald B Griffin, and William R Hackney. View insider buying and selling activity for AutoZone.

AZO stock was purchased by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., Fiera Capital Corp, Sumitomo Mitsui Trust Holdings Inc., Alliancebernstein L.P., Unigestion Holding SA, Skandinaviska Enskilda Banken AB publ , Skandinaviska Enskilda Banken AB publ, and Samlyn Capital LLC. 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 $1,153.93.

AutoZone has a market capitalization of $26.94 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.

The official website for AutoZone is 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]