AutoZone - AZO Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last year. There are currently 1 sell rating, 2 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AZO shares.
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17 analysts have issued 12 month target prices 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 6.3% 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 0.9% and is now trading at $2,443.55.
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AutoZone saw a drop in short interest during 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 daily 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) posted its earnings results on Tuesday, December, 6th. The company reported $27.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $25.15 by $2.30. The company earned $3.99 billion during the quarter, compared to analysts' expectations of $3.87 billion. AutoZone had a negative trailing twelve-month return on equity of 69.45% and a net margin of 14.57%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $25.69 earnings per share.
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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 institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.32%), Allspring Global Investments Holdings LLC (0.25%), Bank of Montreal Can (0.25%), AustralianSuper Pty Ltd (0.24%), Fenimore Asset Management Inc. (0.19%) and Assenagon Asset Management S.A. (0.16%). 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 $2,443.55.

AutoZone (NYSE:AZO) has a market capitalization of $45.87 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.