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 (WHO). Since then, AZO shares have increased by 2.3% and is now trading at $1,113.59. 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 quarterly earnings data on Tuesday, May, 26th. The company reported $14.39 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 12.90% and a negative return on equity of 91.18%. The firm's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $15.99 EPS. View AutoZone's earnings history.

AutoZone announced that its Board of Directors has initiated a share repurchase plan on Wednesday, September 26th 2018, which allows the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its shares are undervalued.

18 equities research analysts have issued 1 year target prices for AutoZone's shares. Their forecasts range from $1,015.00 to $1,415.00. On average, they expect AutoZone's stock price to reach $1,215.88 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price. View analysts' price targets for AutoZone.

News coverage about AZO stock has been trending very negative this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. AutoZone earned a coverage optimism score of -3.2 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about AutoZone.

AutoZone saw a increase in short interest in June. As of June 30th, there was short interest totaling 459,200 shares, an increase of 11.5% from the June 15th total of 412,000 shares. Based on an average daily trading volume, of 283,500 shares, the days-to-cover ratio is currently 1.6 days. Approximately 2.0% of the company's shares are sold short. 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."

AutoZone's stock is owned by many different retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (0.12%), Manning & Napier Group LLC (0.10%), Envestnet Asset Management Inc. (0.10%), State of Alaska Department of Revenue (0.04%), LGT Capital Partners LTD. (0.04%) and Diversified Trust Co (0.01%). Company insiders that own AutoZone stock include Albert Saltiel, Charles Pleas III, Domingo Hurtado, Earl G Graves Jr, Kristen C Wright, Mark A Finestone, Michael M Calbert, Philip B Daniele, Richard Craig Smith, Rodney C Halsell, Ronald B Griffin, Thomas B Newbern, William Andrew Mckenna, William C Rhodes III, William R Hackney, William T Giles and William W Graves. View institutional ownership trends for AutoZone.

AZO stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., Wedge Capital Management L L P NC, Envestnet Asset Management Inc., Nelson Van Denburg & Campbell Wealth Management Group LLC, Hudson Valley Investment Advisors Inc. ADV, Fulton Bank N. A., IBM Retirement Fund, and Legacy Private Trust Co.. Company insiders that have sold AutoZone company stock in the last year include Earl G Graves Jr, Kristen C Wright, Philip B Daniele, and William R Hackney. View insider buying and selling activity for AutoZone.

AZO stock was acquired by a variety of institutional investors in the last quarter, including LGT Capital Partners LTD., Silverleafe Capital Partners LLC, Red Door Wealth Management LLC, State of Alaska Department of Revenue, American National Bank, Diversified Trust Co, Mount Yale Investment Advisors LLC, and Ellevest Inc.. View insider buying and selling activity for AutoZone.

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 $1,113.59.

AutoZone has a market capitalization of $26.00 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]