NYSE:AZOAutoZone Stock Price, Forecast & 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 5.0% and is now trading at $1,142.99. View which stocks have been most impacted by Coronavirus.

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." View analyst ratings for AutoZone.

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) announced 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 business had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $2.65 billion. AutoZone had a negative return on equity of 91.18% and a net margin of 12.90%. The firm's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $15.99 earnings per share. View AutoZone's earnings history.

AutoZone declared that its board has authorized a stock repurchase plan on Wednesday, September 26th 2018, which permits the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 6.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

18 brokerages have issued 12 month target prices 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 $1,215.88 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price. View analysts' price targets for AutoZone.

News coverage about AZO stock has been trending very negative on Thursday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. AutoZone earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about AutoZone.

AutoZone saw a decline in short interest during the month of June. As of June 15th, there was short interest totaling 412,000 shares, a decline of 7.3% from the May 31st total of 444,400 shares. Based on an average daily volume of 320,900 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.8% of the shares of the company are short sold. View AutoZone's Current Options Chain.

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), Monro (MNRO), Asbury Automotive Group (ABG), Sonic Automotive (SAH), PROSPECT CAPITAL 6.25 NTS (PBY), Group 1 Automotive (GPI) and America's Car-Mart (CRMT). View all competitors.

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 Belden (BDC).

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

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 $1,142.99.

AutoZone has a market capitalization of $26.69 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]