AutoZone (AZO) Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last twelve months. There are currently 1 sell rating, 1 hold rating and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AZO shares.
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17 brokerages have issued 12 month price objectives for AutoZone's stock. Their AZO share price forecasts range from $2,120.00 to $3,020.00. On average, they predict the company's share price to reach $2,677.72 in the next year. This suggests a possible upside of 12.2% from the stock's current price.
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AutoZone's stock was trading at $2,466.18 at the beginning of the year. Since then, AZO shares have decreased by 3.2% and is now trading at $2,386.84.
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AutoZone saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 295,500 shares, an increase of 9.0% from the March 31st total of 271,100 shares. Based on an average daily volume of 155,400 shares, the short-interest ratio is currently 1.9 days. Approximately 1.6% of the company's stock are sold short.
View AutoZone's Short Interest.

AutoZone, Inc. (NYSE:AZO) announced its earnings results on Tuesday, May, 23rd. The company reported $34.12 earnings per share for the quarter, topping the consensus estimate of $30.84 by $3.28. The company earned $4.09 billion during the quarter, compared to analyst estimates of $4.12 billion. AutoZone had a negative trailing twelve-month return on equity of 64.72% and a net margin of 14.32%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $29.03 EPS.
Read the conference call transcript.

ETFs with the largest weight of AutoZone (NYSE:AZO) stock in their portfolio include Stance Equity ESG Large Cap Core ETF (STNC), AB US Low Volatility Equity ETF (LOWV), VanEck Retail ETF (RTH), SEI Enhanced U.S. Large Cap Momentum Factor ETF (SEIM), ASYMmetric Smart S&P 500 ETF (ASPY), Alpha Intelligent - Large Cap Growth ETF (AILG), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD) and iShares U.S. Consumer Focused ETF (IEDI).

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 shareholders include BlackRock Inc. (8.36%), Envestnet Asset Management Inc. (7.57%), JPMorgan Chase & Co. (5.92%), FMR LLC (5.41%), State Street Corp (4.34%) and Fiera Capital Corp (3.13%). Insiders that own company stock include Albert Saltiel, Brian Hannasch, Charles Pleas III, Dennis W Leriche, Domingo Hurtado, Eric S Gould, George R Mrkonic Jr, Grant E Mcgee, Jane Huang, John Scott Murphy, K Michelle Borninkhof, Kristen C Wright, Mark A Finestone, 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 $2,386.84.

AutoZone (NYSE:AZO) has a market capitalization of $43.92 billion and generates $16.25 billion in revenue each year. The company earns $2.43 billion in net income (profit) each year or $121.63 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.