AutoZone - AZO Stock Forecast, Price & News

AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs. In addition, the company offers maintenance products, such as antifreeze and windshield washer fluids; brake drums, rotors, shoes, and pads; brake and power steering fluids, and oil and fuel additives; oil and transmission fluids; oil, cabin, air, fuel, and transmission filters; oxygen sensors; paints and accessories; refrigerants and accessories; shock absorbers and struts; spark plugs and wires; and windshield wipers. Further, it provides air fresheners, cell phone accessories, drinks and snacks, floor mats and seat covers, interior and exterior accessories, mirrors, performance products, protectants and cleaners, sealants and adhesives, steering wheel covers, stereos and radios, tools, and wash and wax products, as well as towing services. Additionally, the company provides a sales program that offers commercial credit and delivery of parts and other products; sells automotive diagnostic and repair software under the ALLDATA brand through alldata.com and alldatadiy.com; and automotive hard parts, maintenance items, accessories, and non-automotive products through autozone.com. As of November 20, 2021, it operated 6,066 stores in the United States; 666 stores in Mexico; and 53 stores in Brazil. The company was founded in 1979 and is based in Memphis, Tennessee.

AutoZone Trading Down 0.0 %

Shares of NYSE:AZO opened at $2,328.60 on Thursday. AutoZone has a 12-month low of $1,503.30 and a 12-month high of $2,362.24. The stock's 50-day moving average price is $2,150.09 and its two-hundred day moving average price is $2,050.49. The firm has a market cap of $45.38 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.75 and a beta of 0.78.

AutoZone (NYSE:AZO - Get Rating) last released its earnings results on Tuesday, May 24th. The company reported $29.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $25.87 by $3.16. AutoZone had a net margin of 15.21% and a negative return on equity of 92.10%. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the firm earned $26.48 earnings per share. AutoZone's revenue was up 5.9% compared to the same quarter last year. As a group, research analysts forecast that AutoZone will post 115.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AZO has been the topic of several recent analyst reports. Citigroup upped their target price on shares of AutoZone from $2,210.00 to $2,250.00 in a research report on Friday, May 13th. The Goldman Sachs Group upgraded AutoZone from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $1,969.00 to $2,296.00 in a research report on Monday, June 27th. Wedbush restated an "outperform" rating on shares of AutoZone in a research report on Monday, May 23rd. Morgan Stanley raised AutoZone from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $2,125.00 to $2,420.00 in a research note on Thursday, June 16th. Finally, Stephens increased their price objective on shares of AutoZone from $2,195.00 to $2,285.00 and gave the company an "overweight" rating in a research note on Thursday, May 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $2,169.41.

Insider Buying and Selling at AutoZone

In other news, VP Domingo Hurtado sold 395 shares of the company's stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $2,217.53, for a total value of $875,924.35. Following the completion of the sale, the vice president now owns 362 shares of the company's stock, valued at $802,745.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other AutoZone news, VP Domingo Hurtado sold 395 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $2,217.53, for a total value of $875,924.35. Following the completion of the sale, the vice president now owns 362 shares of the company's stock, valued at $802,745.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian Hannasch bought 133 shares of AutoZone stock in a transaction dated Thursday, May 26th. The shares were purchased at an average cost of $1,901.95 per share, for a total transaction of $252,959.35. Following the completion of the transaction, the director now owns 512 shares of the company's stock, valued at approximately $973,798.40. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by corporate insiders.