NYSE:AZOAutoZone Stock Price, Forecast & News

AutoZone's stock was trading at $1,089.03 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AZO stock has increased by 7.9% and is now trading at $1,174.72.
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18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last year. There are currently 4 hold ratings, 13 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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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) issued its quarterly earnings results on Tuesday, May, 26th. The company reported $14.39 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $13.80 by $0.59. The business 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 91.18% and a net margin of 12.90%. AutoZone's revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the business posted $15.99 EPS.
View AutoZone's earnings history.

AutoZone announced that its board has initiated a stock buyback program on Wednesday, September 26th 2018, which allows the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

18 equities research analysts have issued 12-month price objectives for AutoZone's shares. Their forecasts range from $1,015.00 to $1,415.00. On average, they anticipate AutoZone's stock price to reach $1,223.69 in the next year. This suggests a possible upside of 4.2% from the stock's current price.
View analysts' price targets for AutoZone.

Media stories about AZO stock have been trending positive recently, InfoTrie reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. AutoZone earned a daily sentiment score of 2.1 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near term.
View the latest news about AutoZone.

AutoZone saw a decrease in short interest in July. As of July 31st, there was short interest totaling 350,100 shares, a decrease of 11.3% from the July 15th total of 394,700 shares. Based on an average daily trading volume, of 234,800 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.5% of the company's stock are short sold.
View AutoZone's Short Interest.

Some companies that are related to AutoZone include O'Reilly Automotive (ORLY), CarMax (KMX), Advance Auto Parts (AAP), Lithia Motors (LAD), AutoNation (AN), Penske Automotive Group (PAG), Asbury Automotive Group (ABG), Monro (MNRO), Sonic Automotive (SAH), Group 1 Automotive (GPI), PROSPECT CAPITAL 6.25 NTS (PBY) and America's Car-Mart (CRMT).
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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 Accenture (ACN).

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

AutoZone's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Swiss National Bank (0.53%), Robeco Institutional Asset Management B.V. (0.51%), LSV Asset Management (0.47%), Sumitomo Mitsui Trust Holdings Inc. (0.43%), Assenagon Asset Management S.A. (0.39%) and Russell Investments Group Ltd. (0.37%). 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 Sumitomo Mitsui Trust Holdings Inc., Robeco Institutional Asset Management B.V., PNC Financial Services Group Inc., State of Michigan Retirement System, Hexavest Inc., Russell Investments Group Ltd., NN Investment Partners Holdings N.V., and Wedge Capital Management L L P NC. Company insiders that have sold AutoZone company stock in the last year include Earl G Graves Jr, Kristen C Wright, Philip B Daniele, and William R Hackney.
View insider buying and selling activity for AutoZone.

AZO stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Ardevora Asset Management LLP, Unigestion Holding SA, First Eagle Investment Management LLC, Victory Capital Management Inc., Candriam Luxembourg S.C.A., Jennison Associates LLC, and LGT Capital Partners LTD..
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 $1,174.72.

AutoZone has a market capitalization of $27.43 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]