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NYSE:AZO

AutoZone - AZO Stock Forecast, Price & News

$2,285.96
+26.78 (+1.19%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$2,245.05
$2,293.19
50-Day Range
$1,992.55
$2,259.18
52-Week Range
$1,503.30
$2,293.19
Volume
116,644 shs
Average Volume
182,817 shs
Market Capitalization
$44.55 billion
P/E Ratio
20.28
Dividend Yield
N/A
Price Target
$2,169.41

AutoZone MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.72 Rating Score
Upside/​Downside
5.1% Downside
$2,169.41 Price Target
Short Interest
Healthy
2.35% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.24
Upright™ Environmental Score
News Sentiment
-0.26mentions of AutoZone in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$7.40 M Sold Last Quarter
Proj. Earnings Growth
7.12%
From $115.12 to $123.32 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.11 out of 5 stars

Retail/Wholesale Sector

150th out of 219 stocks

Auto & Home Supply Stores Industry

4th out of 6 stocks

AZO stock logo

About AutoZone (NYSE:AZO) Stock

AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include 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 offers 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 provides 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, stereos and radios, tools, 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. As of November 20, 2021, it operated 6,066 stores in the United States; 666 stores in Mexico; and 53 stores in Brazil. The company was founded in 1979 and is based in Memphis, Tennessee.

Analyst Ratings Changes

Several research firms have recently issued reports on AZO. Morgan Stanley raised AutoZone from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $2,125.00 to $2,420.00 in a research report on Thursday, June 16th. Truist Financial lowered their price objective on AutoZone from $2,215.00 to $2,174.00 and set a "buy" rating for the company in a research report on Wednesday, May 25th. MKM Partners assumed coverage on AutoZone in a research report on Thursday, June 23rd. They issued a "buy" rating and a $2,350.00 target price for the company. The Goldman Sachs Group raised AutoZone from a "neutral" rating to a "buy" rating and upped their target price for the company from $1,969.00 to $2,296.00 in a research report on Monday, June 27th. Finally, Citigroup upped their target price on AutoZone from $2,210.00 to $2,250.00 in a research report on Friday, May 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $2,169.41.

AutoZone Trading Up 0.5 %

AutoZone stock traded up $10.66 during midday trading on Monday, hitting $2,269.84. The stock had a trading volume of 1,293 shares, compared to its average volume of 183,245. The stock has a market cap of $44.23 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.70 and a beta of 0.78. AutoZone has a 12 month low of $1,503.30 and a 12 month high of $2,267.40. The business has a fifty day moving average price of $2,137.43 and a 200 day moving average price of $2,044.21.

AutoZone (NYSE:AZO - Get Rating) last issued its earnings results on Tuesday, May 24th. The company reported $29.03 EPS for the quarter, beating analysts' consensus estimates of $25.87 by $3.16. AutoZone had a negative return on equity of 92.10% and a net margin of 15.21%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the firm posted $26.48 earnings per share. AutoZone's quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities analysts anticipate that AutoZone will post 115.12 EPS for the current fiscal year.

Insider Transactions at AutoZone

In other news, CEO William C. Rhodes III sold 2,958 shares of the business's stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $2,206.33, for a total transaction of $6,526,324.14. Following the completion of the transaction, the chief executive officer now directly owns 15,935 shares in the company, valued at $35,157,868.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Brian Hannasch bought 133 shares of the business's stock in a transaction on Thursday, May 26th. The stock was purchased at an average cost of $1,901.95 per share, for a total transaction of $252,959.35. Following the completion of the transaction, the director now directly owns 512 shares of the company's stock, valued at approximately $973,798.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William C. Rhodes III sold 2,958 shares of the company's stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $2,206.33, for a total value of $6,526,324.14. Following the completion of the sale, the chief executive officer now owns 15,935 shares of the company's stock, valued at $35,157,868.55. The disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

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AZO Stock News Headlines

These Stocks Outperformed Last Time There Was A Recession
With two consecutive quarters of declines in GDP and inflation continuing to run hot, investors may be worried about how their portfolios
Brokerages Set AutoZone, Inc. (NYSE:AZO) PT at $2,164.38
AutoZone, Inc. (NYSE:AZO) CEO Sells $6,526,324.14 in Stock
1 Stock That Can Keep Cruising During a Recession
See More Headlines
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AZO Company Calendar

Last Earnings
5/24/2022
Today
8/15/2022
Fiscal Year End
8/31/2022
Next Earnings (Estimated)
9/20/2022

Industry, Sector and Symbol

Industry
Auto & home supply stores
Sub-Industry
Automotive Retail
CUSIP
05333210
Employees
100,000
Year Founded
1979

Price Target and Rating

Average Stock Price Forecast
$2,169.41
High Stock Price Forecast
$2,420.00
Low Stock Price Forecast
$1,490.00
Forecasted Upside/Downside
-5.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72
Research Coverage
18 Analysts

Profitability

Net Income
$2.17 billion
Pretax Margin
19.13%

Debt

Sales & Book Value

Annual Sales
$14.63 billion
Cash Flow
$121.66 per share
Book Value
($83.43) per share

Miscellaneous

Free Float
18,981,000
Market Cap
$44.55 billion
Optionable
Optionable
Beta
0.78

Social Links















AZO Stock - Frequently Asked Questions

Should I buy or sell AutoZone stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AZO shares.
View AZO analyst ratings
or view top-rated stocks.

What is AutoZone's stock price forecast for 2022?

18 equities research analysts have issued 12 month target prices for AutoZone's stock. Their AZO share price forecasts range from $1,490.00 to $2,420.00. On average, they predict the company's share price to reach $2,169.41 in the next twelve months. This suggests that the stock has a possible downside of 5.1%.
View analysts price targets for AZO
or view top-rated stocks among Wall Street analysts.

How have AZO shares performed in 2022?

AutoZone's stock was trading at $2,096.39 at the beginning of the year. Since then, AZO shares have increased by 9.0% and is now trading at $2,285.96.
View the best growth stocks for 2022 here
.

Are investors shorting AutoZone?

AutoZone saw a increase in short interest in July. As of July 31st, there was short interest totaling 455,300 shares, an increase of 7.3% from the July 15th total of 424,500 shares. Based on an average daily volume of 182,800 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.4% of the shares of the stock are sold short.
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 20th 2022.
View our AZO earnings forecast
.

How were AutoZone's earnings last quarter?

AutoZone, Inc. (NYSE:AZO) released its earnings results on Tuesday, May, 24th. The company reported $29.03 earnings per share for the quarter, topping the consensus estimate of $25.87 by $3.16. The business earned $3.87 billion during the quarter, compared to the consensus estimate of $3.71 billion. AutoZone had a negative trailing twelve-month return on equity of 92.10% and a net margin of 15.21%. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $26.48 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?

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).

What is AutoZone's stock symbol?

AutoZone trades on the New York Stock Exchange (NYSE) under the ticker symbol "AZO."

Who are AutoZone's major shareholders?

AutoZone's stock is owned by many different retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (6.48%), FMR LLC (5.14%), Fiera Capital Corp (3.48%), Nordea Investment Management AB (1.40%), Northern Trust Corp (1.20%) and Caisse DE Depot ET Placement DU Quebec (1.05%). Insiders that own company stock include Albert Saltiel, Brian Hannasch, Charles Pleas III, Domingo Hurtado, Earl G Graves Jr, 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is AutoZone's stock price today?

One share of AZO stock can currently be purchased for approximately $2,285.96.

How much money does AutoZone make?

AutoZone (NYSE:AZO) has a market capitalization of $44.55 billion and generates $14.63 billion in revenue each year. The company earns $2.17 billion in net income (profit) each year or $112.74 on an earnings per share basis.

How many employees does AutoZone have?

The company employs 100,000 workers across the globe.

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
When was AutoZone founded?

AutoZone was founded in 1979.

How can I contact AutoZone?

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.

This page (NYSE:AZO) was last updated on 8/15/2022 by MarketBeat.com Staff

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