AutoZone - AZO Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last twelve months. There are currently 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AZO shares.
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16 equities research analysts have issued 1-year target prices for AutoZone's shares. Their AZO share price forecasts range from $2,100.00 to $2,660.00. On average, they predict the company's share price to reach $2,407.13 in the next year. This suggests that the stock has a possible downside of 6.0%.
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AutoZone's stock was trading at $2,096.39 at the beginning of the year. Since then, AZO stock has increased by 22.2% and is now trading at $2,562.12.
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AutoZone saw a decline in short interest in October. As of October 31st, there was short interest totaling 401,300 shares, a decline of 11.5% from the October 15th total of 453,300 shares. Based on an average daily volume of 157,400 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.1% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 6th 2022.
View our AZO earnings forecast.

AutoZone will be holding an earnings conference call on Tuesday, December 6th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-481-4010 with passcode "47106".

AutoZone, Inc. (NYSE:AZO) issued its quarterly earnings results on Monday, September, 19th. The company reported $40.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $38.38 by $2.13. The company earned $5.35 billion during the quarter, compared to analysts' expectations of $5.16 billion. AutoZone had a negative trailing twelve-month return on equity of 79.74% and a net margin of 14.95%. The business's revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $35.72 EPS.
Read the conference call transcript.

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.92%), BlackRock Inc. (8.02%), State Street Corp (4.39%), Fiera Capital Corp (3.37%), Boston Partners (3.30%) and Royal Bank of Canada (2.46%). Insiders that own company stock include Albert Saltiel, Brian Hannasch, Charles Pleas III, Domingo Hurtado, 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.
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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 $2,562.12.

AutoZone (NYSE:AZO) has a market capitalization of $48.63 billion and generates $16.25 billion in revenue each year. The company earns $2.43 billion in net income (profit) each year or $117.53 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.