AutoZone - AZO Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AZO shares.
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17 analysts have issued 1-year price targets for AutoZone's stock. Their AZO share price forecasts range from $2,330.00 to $2,850.00. On average, they predict the company's stock price to reach $2,597.88 in the next twelve months. This suggests a possible upside of 7.3% 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 stock has decreased by 1.9% and is now trading at $2,420.12.
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AutoZone saw a drop in short interest in the month of December. As of December 30th, there was short interest totaling 328,700 shares, a drop of 25.5% from the December 15th total of 441,100 shares. Based on an average trading volume of 149,800 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.7% of the shares of the company are short sold.
View AutoZone's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our AZO earnings forecast.

AutoZone, Inc. (NYSE:AZO) announced its earnings results on Tuesday, December, 6th. The company reported $27.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $25.15 by $2.30. The firm had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $3.87 billion. AutoZone had a net margin of 14.57% and a negative trailing twelve-month return on equity of 69.45%. AutoZone's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $25.69 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 Sumitomo Mitsui Trust Holdings Inc. (0.32%), Allspring Global Investments Holdings LLC (0.25%), Fenimore Asset Management Inc. (0.19%), Assenagon Asset Management S.A. (0.16%), Boston Trust Walden Corp (0.15%) and New York State Common Retirement Fund (0.14%). Insiders that own company stock include Albert Saltiel, Brian Hannasch, Charles Pleas III, 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, 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 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 $2,420.12.

AutoZone (NYSE:AZO) has a market capitalization of $45.43 billion and generates $16.25 billion in revenue each year. The company earns $2.43 billion in net income (profit) each year or $119.29 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.