AutoZone Company Profile (NYSE:AZO)

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

AutoZone announced that its board has authorized a stock buyback program on Monday, April 10th 2017, which permits the company to buyback $750,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

AutoZone, Inc. (NYSE:AZO) issued its quarterly earnings data on Tuesday, May, 23rd. The company reported $11.44 earnings per share for the quarter, missing the consensus estimate of $12.00 by $0.56. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. AutoZone had a net margin of 11.82% and a negative return on equity of 70.52%. The business's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.77 EPS. View AutoZone's Earnings History.

AutoZone is scheduled to release their next quarterly earnings announcement on Tuesday, September, 19th 2017. View Earnings Estimates for AutoZone.

23 brokerages have issued 12 month target prices for AutoZone's stock. Their predictions range from $550.00 to $910.00. On average, they expect AutoZone's share price to reach $763.05 in the next twelve months. View Analyst Ratings for AutoZone.

Here are some recent quotes from research analysts about AutoZone stock:

• 1. According to Zacks Investment Research, "AutoZone has underperformed the Zacks-categorized Retail/Wholesale Auto Parts industry over the last three months due to cost headwinds. However, he company is focused on increasing sales through store expansion and boosting earnings via aggressive share repurchases. Moreover, the rising average age of cars on U.S. roads is leading to higher demand for auto parts. These factors bode well for the stock in the long run. AutoZone has a positive record of earnings surprises over the last four quarters." (2/9/2017)
• 2. Morgan Stanley analysts commented, "Besides these potential top-line drivers, AZO's valuation is undemanding, tradingat~16.5x'17e EPS and ~11x EBITDA, which is attractive relative to the business' low-DD EPS and HSD EBITDA growth. Near-term expectations have been appropriately set with management's characterization of Q4's sales pickup as 'modest.'"The brokerage is not worried much about slowing commercial sales and e-commerce concerns, as top-line growth would outweigh the risk factors. The analyst pointed out that the "change in the seven-year-old vehicle cohort" (9/27/2016)

Some companies that are related to AutoZone include AutoNation (AN), Penske Automotive Group (PAG), Inchcape plc (INCH), Monro Muffler Brake (MNRO), Asbury Automotive Group (ABG), Pep Boys - Manny Moe & Jack (PBY), Sonic Automotive (SAH), Halfords Group plc (HFD), Camping World Holdings (CWH) and Vertu Motors Plc (VTU).

AutoZone's management team includes the folowing people:

• William C. Rhodes III, Chairman of the Board, President, Chief Executive Officer
• William T. Giles, Chief Financial Officer, Executive Vice President - Finance, Information Technology and ALLDATA
• Mark A. Finestone, Executive Vice President – Merchandising, Supply Chain, and Marketing
• William W. Graves, Executive Vice President – Mexico, Brazil, IMC, and Store Development
• Thomas B. Newbern, Executive Vice President – Store Operations, Commercial and Loss Prevention
• Ronald B. Griffin, Senior Vice President, Chief Information Officer
• Kristen Collier Wright, Senior Vice President, General Counsel, Secretary
• Charlie Pleas III, Senior Vice President, Controller
• Philip B. Daniele, Senior Vice President - Commercial
• James C. Griffith, Senior Vice President - Store Operations

AutoZone's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Russell Investments Group Ltd. (0.46%), APG Asset Management N.V. (0.39%), Manning & Napier Advisors LLC (0.36%), Fenimore Asset Management Inc. (0.33%), SPF Beheer BV (0.31%) and Bank of Montreal Can (0.15%). Company insiders that own AutoZone stock include Albert Saltiel, Charles Pleas III, Douglas H Brooks, Earl G Graves Jr, Earl G Graves, Jr, James C Griffith, Mark A Finestone, Michael A Womack, Philip B Daniele, Richard Craig Smith, Rodney C Halsell, Ronald B Griffin, Thomas B Newbern, William Andrew Mckenna, William C Rhodes III, William T Giles and William W Graves. View Institutional Ownership Trends for AutoZone.

AutoZone's stock was sold by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, Great West Life Assurance Co. Can, Factory Mutual Insurance Co., Russell Investments Group Ltd., Legacy Private Trust Co., Quantitative Systematic Strategies LLC, LS Investment Advisors LLC and Exxonmobil Investment Management Inc. TX. Company insiders that have sold AutoZone stock in the last year include Charles Pleas III, Earl G Graves Jr, James C Griffith, Rodney C Halsell, Thomas B Newbern, William C Rhodes III, William T Giles and William W Graves. View Insider Buying and Selling for AutoZone.

AutoZone's stock was purchased by a variety of institutional investors in the last quarter, including Manning & Napier Advisors LLC, Fenimore Asset Management Inc., APG Asset Management N.V., Mn Services Vermogensbeheer B.V., Bank of Montreal Can, National Pension Service, SPF Beheer BV and Prospera Financial Services Inc. Company insiders that have bought AutoZone stock in the last two years include Douglas H Brooks and William Andrew Mckenna. View Insider Buying and Selling for AutoZone.

Shares of AutoZone can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of AutoZone stock can currently be purchased for approximately $529.01.