AutoZone Stock Forecast, Price & News

AutoZone's stock was trading at $1,089.03 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, AZO stock has increased by 10.7% and is now trading at $1,205.28.
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20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last year. There are currently 4 hold ratings, 15 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 will be holding an earnings conference call on Tuesday, September 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

AutoZone, Inc. (NYSE:AZO) released its earnings results on Tuesday, May, 26th. The company reported $14.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $13.80 by $0.59. The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.65 billion. AutoZone had a net margin of 12.90% and a negative return on equity of 91.18%. The business's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $15.99 EPS.
View AutoZone's earnings history.

AutoZone announced that its Board of Directors has approved a share buyback plan on Wednesday, September 26th 2018, which permits the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 6.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

20 equities research analysts have issued 1-year price targets for AutoZone's shares. Their forecasts range from $1,015.00 to $1,505.00. On average, they anticipate AutoZone's stock price to reach $1,268.00 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price.
View analysts' price targets for AutoZone.

AutoZone saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 397,600 shares, a decrease of 16.0% from the August 15th total of 473,600 shares. Based on an average daily volume of 189,600 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.7% of the company's shares are sold short.
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), Sonic Automotive (SAH), Group 1 Automotive (GPI), PROSPECT CAPITAL 6.25 NTS (PBY), Monro (MNRO) 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), 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 a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.51%), BlackRock Inc. (7.60%), Nordea Investment Management AB (4.58%), FMR LLC (4.45%), Ninety One UK Ltd (1.05%) and California Public Employees Retirement System (0.85%). 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 Advisor Group Holdings Inc., Vanguard Group Inc., Bank of Montreal Can, FMR LLC, Sumitomo Mitsui Trust Holdings Inc., Robeco Institutional Asset Management B.V., PNC Financial Services Group Inc., and BlackRock Inc.. Company insiders that have sold AutoZone company stock in the last year include 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 Nordea Investment Management AB, Ninety One UK Ltd, Holocene Advisors LP, Assenagon Asset Management S.A., Point72 Asset Management L.P., Jacobs Levy Equity Management Inc., Ardevora Asset Management LLP, and Two Sigma Advisers LP.
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 $1,205.28.

AutoZone has a market capitalization of $28.15 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]