NYSE:AZO AutoZone (AZO) Stock Forecast, Price & News $2,386.84 -67.80 (-2.76%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$2,277.88▼$2,390.8650-Day Range$2,307.82▼$2,733.6552-Week Range$1,959.58▼$2,750.00Volume639,552 shsAverage Volume157,100 shsMarket Capitalization$43.92 billionP/E Ratio19.62Dividend YieldN/APrice Target$2,683.56 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability AutoZone MarketRank™ ForecastAnalyst RatingModerate Buy2.82 Rating ScoreUpside/Downside12.2% Upside$2,677.72 Price TargetShort InterestHealthy1.62% of Float Sold ShortDividend StrengthN/ASustainability-1.59Upright™ Environmental ScoreNews Sentiment0.29Based on 23 Articles This WeekInsider TradingSelling Shares$90.13 M Sold Last QuarterProj. Earnings Growth10.15%From $129.46 to $142.60 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.21 out of 5 starsRetail/Wholesale Sector149th out of 213 stocksAuto & Home Supply Stores Industry6th out of 6 stocks 2.4 Analyst's Opinion Consensus RatingAutoZone has received a consensus rating of Buy. The company's average rating score is 2.82, and is based on 15 buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $2,677.72, AutoZone has a forecasted upside of 12.2% from its current price of $2,386.84.Amount of Analyst CoverageAutoZone has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.62% of the float of AutoZone has been sold short.Short Interest Ratio / Days to CoverAutoZone has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in AutoZone has recently increased by 4.62%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldAutoZone does not currently pay a dividend.Dividend GrowthAutoZone does not have a long track record of dividend growth. Previous Next 1.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAutoZone has received a -27.46% net impact score from Upright. The largest negative impact of AutoZone in category "GHG emissions" seems to be driven mostly by its "Physical retail of automotive servicing tools at an auto parts store", "Physical retail of parts common to all road vehicles at an auto parts store", and "Physical retail of bus parts at an auto parts store" products. See details.Environmental SustainabilityThe Environmental Impact score for AutoZone is -1.59. Previous Next 2.9 News and Social Media Coverage News SentimentAutoZone has a news sentiment score of 0.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Retail/Wholesale companies.News Coverage This WeekMarketBeat has tracked 23 news articles for AutoZone this week, compared to 7 articles on an average week.Search Interest16 people have searched for AZO on MarketBeat in the last 30 days. This is an increase of 45% compared to the previous 30 days.MarketBeat Follows9 people have added AutoZone to their MarketBeat watchlist in the last 30 days. This is an increase of 125% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, AutoZone insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $90,128,092.00 in company stock.Percentage Held by InsidersOnly 2.59% of the stock of AutoZone is held by insiders.Percentage Held by Institutions91.12% of the stock of AutoZone is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for AutoZone are expected to grow by 10.15% in the coming year, from $129.46 to $142.60 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of AutoZone is 19.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.43.Price to Earnings Ratio vs. SectorThe P/E ratio of AutoZone is 19.62, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 36.87.Price to Earnings Growth RatioAutoZone has a PEG Ratio of 1.61. PEG Ratios above 1 indicate that a company could be overvalued. Previous Next See Top Rated MarketRank™ Stocks Here About AutoZone (NYSE:AZO) StockAutoZone, Inc. engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells, and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers. The company was founded by Joseph R. Hyde, III on July 4, 1979 and is headquartered in Memphis, TN.Read More Receive AZO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for AutoZone and its competitors with MarketBeat's FREE daily newsletter. Email Address AZO Stock News HeadlinesMay 23, 2023 | marketbeat.comAutoZone Reports Earnings Beat, Shares Fall, Outlook Positive (AZO)AutoZone shares are trading lower amid reports for the third quarter 2023 earnings figures. Despite being initially negative, there are other angles pointing upMay 30, 2023 | finance.yahoo.comAuto Roundup: TSLA & F's Game-Changing Deal, AZO's Quarterly Results & MoreJune 1, 2023 | Vantage Point (Ad)Stop Trading Like A TurtlePerforming at your best requires quick reaction and adaptability. While slow and steady progress works for some, having a tool that enables informed trading decisions is essential amid volatility. It's 2023. Why trade like a turtle when you could track down new opportunities like a cheetah? May 30, 2023 | americanbankingnews.comAutoZone (NYSE:AZO) Price Target Cut to $3,020.00May 28, 2023 | finance.yahoo.comLooking to Build Wealth? Buy This Proven Growth StockMay 27, 2023 | americanbankingnews.comAutoZone (NYSE:AZO) Given New $2,886.00 Price Target at Truist FinancialMay 27, 2023 | americanbankingnews.comAutoZone (NYSE:AZO) Price Target Cut to $2,340.00 by Analysts at DA DavidsonMay 26, 2023 | americanbankingnews.comFY2024 Earnings Forecast for AutoZone, Inc. (NYSE:AZO) Issued By DA DavidsonJune 1, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!May 26, 2023 | americanbankingnews.comAutoZone (NYSE:AZO) PT Raised to $2,120.00 at Bank of AmericaMay 25, 2023 | americanbankingnews.comResearch Analysts Issue Forecasts for AutoZone, Inc.'s Q4 2023 Earnings (NYSE:AZO)May 25, 2023 | americanbankingnews.comAutoZone (NYSE:AZO) Shares Gap Down Following Analyst DowngradeMay 25, 2023 | americanbankingnews.comAutoZone (NYSE:AZO) PT Lowered to $2,840.00May 24, 2023 | msn.comB of A Securities Maintains Autozone (AZO) Underperform RecommendationMay 24, 2023 | markets.businessinsider.comAnalysts Offer Insights on Consumer Goods Companies: Allego (ALLG) and AutoZone (AZO)May 24, 2023 | msn.comEvercore ISI Group Maintains Autozone (AZO) In-Line RecommendationMay 24, 2023 | msn.comTruist Securities Maintains Autozone (AZO) Buy RecommendationMay 24, 2023 | msn.comGoldman Sachs Maintains Autozone (AZO) Buy RecommendationMay 24, 2023 | markets.businessinsider.comAutoZone (AZO) Receives a Rating Update from a Top AnalystMay 24, 2023 | finance.yahoo.comQ3 2023 Autozone Inc Earnings CallMay 24, 2023 | finance.yahoo.comAutoZone 3rd Quarter Same Store Sales Increase 1.9%; EPS Increases to $34.12May 23, 2023 | fool.comAutoZone (NYSE: AZO)May 23, 2023 | msn.comWhy AutoZone Shares Are Sliding TodayMay 23, 2023 | marketwatch.comAutoZone’s stock slides 3% after earnings hit by weaker-than-expected March salesMay 23, 2023 | markets.businessinsider.comNasdaq Down 1%; AutoZone Posts Downbeat SalesMay 23, 2023 | finance.yahoo.comHere's What Key Metrics Tell Us About AutoZone (AZO) Q3 EarningsMay 23, 2023 | finance.yahoo.comAutoZone (AZO) Q3 Earnings Surpass Estimates, Revenues MissSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive AZO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for AutoZone and its competitors with MarketBeat's FREE daily newsletter. Email Address AZO Company Calendar Last Earnings5/23/2023Today5/31/2023Fiscal Year End8/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Auto & home supply stores Sub-IndustryAutomotive Retail SectorRetail/Wholesale Current SymbolNYSE:AZO CUSIP05333210 CIK866787 Webwww.autozone.com Phone(901) 495-6500Fax901-495-8300Employees112,000Year Founded1979Price Target and Rating Average Stock Price Forecast$2,677.72 High Stock Price Forecast$3,020.00 Low Stock Price Forecast$2,120.00 Forecasted Upside/Downside+12.4%Consensus RatingModerate Buy Rating Score (0-4)2.82 Research Coverage17 Analysts Profitability EPS (Most Recent Fiscal Year)$121.63 Trailing P/E Ratio19.62 Forward P/E Ratio18.44 P/E Growth1.61Net Income$2.43 billion Net Margins14.32% Pretax Margin18.08% Return on Equity-64.72% Return on Assets15.95% Debt Debt-to-Equity RatioN/A Current Ratio0.79 Quick Ratio0.12 Sales & Book Value Annual Sales$16.25 billion Price / Sales2.70 Cash Flow$143.53 per share Price / Cash Flow16.63 Book Value($181.60) per share Price / Book-13.14Miscellaneous Outstanding Shares18,400,000Free Float17,921,000Market Cap$43.92 billion OptionableOptionable Beta0.68 Social Links Key ExecutivesWilliam C. RhodesChairman, President & Chief Executive OfficerJamere JacksonCFO, Executive VP-Finance & Store DevelopmentThomas B. NewbernEVP-Store Operations & Information TechnologyK. Michelle BorninkhofChief Information Officer & Senior Vice PresidentAlex OliphantDirector-Research & Business AnalysisKey CompetitorsO'Reilly AutomotiveNASDAQ:ORLYDollar GeneralNYSE:DGJD.comNASDAQ:JDYum! BrandsNYSE:YUMRoss StoresNASDAQ:ROSTView All CompetitorsInsiders & InstitutionsProShare Advisors LLCBought 342 shares on 5/26/2023Ownership: 0.015%Sheets Smith Wealth ManagementSold 18 shares on 5/26/2023Ownership: 0.001%Empower Advisory Group LLCBought 111 shares on 5/25/2023Ownership: 0.001%Toroso Investments LLCSold 206 shares on 5/23/2023Ownership: 0.004%3Chopt Investment Partners LLCBought 298 shares on 5/23/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions AZO Stock - Frequently Asked Questions Should I buy or sell AutoZone stock right now? 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. View AZO analyst ratings or view top-rated stocks. What is AutoZone's stock price forecast for 2023? 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. View analysts price targets for AZO or view top-rated stocks among Wall Street analysts. How have AZO shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting AutoZone? 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. How were AutoZone's earnings last quarter? 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. What ETFs hold AutoZone's stock? 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). What is Bill Rhodes III's approval rating as AutoZone's CEO? 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. What other stocks do shareholders of AutoZone own? 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). What is AutoZone's stock symbol? AutoZone trades on the New York Stock Exchange (NYSE) under the ticker symbol "AZO." Who are AutoZone's major shareholders? 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. View institutional ownership trends. How do I buy shares of AutoZone? 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. Compare Top Brokerages Here. What is AutoZone's stock price today? One share of AZO stock can currently be purchased for approximately $2,386.84. How much money does AutoZone make? 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. How many employees does AutoZone have? The company employs 112,000 workers across the globe. Does AutoZone have any subsidiaries? The following companies are subsidiares of AutoZone: ALLDATA LLC, Alldata, Auto Palace, AutoAnything, AutoZone Development LLC, AutoZone IP LLC, AutoZone Northeast LLC, AutoZone Parts Inc., AutoZone Puerto Rico Inc., AutoZone Stores LLC, AutoZone Texas LLC, AutoZone West, AutoZone West LLC, AutoZone de México S. de R.L. de C.V., AutoZone.com Inc., Interamerican Motor Corporation, and Riverside Captive Insurance Company.Read More How can I contact AutoZone? 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. This page (NYSE:AZO) was last updated on 6/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding AutoZone, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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