NYSE:AZO - AutoZone Stock Price, Forecast & News

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

AutoZone announced that its Board of Directors has approved a stock repurchase plan on Wednesday, September 26th 2018, which allows the company to buyback $1,250,000,000.00 in 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 generally an indication that the company's management believes its stock is undervalued.

AutoZone, Inc. (NYSE:AZO) issued its quarterly earnings results on Tuesday, December, 10th. The company reported $14.30 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $13.74 by $0.56. The company had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.76 billion. AutoZone had a net margin of 13.45% and a negative return on equity of 96.86%. The firm's revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $13.47 EPS. View AutoZone's Earnings History.

AutoZone is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for AutoZone.

17 brokerages have issued 1 year price targets for AutoZone's stock. Their forecasts range from $1,030.00 to $1,415.00. On average, they expect AutoZone's share price to reach $1,246.43 in the next year. This suggests a possible upside of 8.0% from the stock's current price. View Analyst Price Targets for AutoZone.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last year. There are currently 5 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for AutoZone.

Media coverage about AZO stock has been trending very negative on Sunday, according to InfoTrie. The research firm identifies positive and negative 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 -5 to 5, with scores closest to five being the most favorable. AutoZone earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned media 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 several days. View News Stories for AutoZone.

AutoZone saw a decrease in short interest in December. As of December 31st, there was short interest totalling 681,100 shares, a decrease of 6.9% from the December 15th total of 731,400 shares. Based on an average trading volume of 202,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.9% of the shares of the company 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), AutoNation (AN), Penske Automotive Group (PAG), Lithia Motors (LAD), Monro (MNRO), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), PROSPECT CAPITAL 6.25 NTS (PBY), Sonic Automotive (SAH) and America's Car-Mart (CRMT).

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), Och-Ziff Capital Management Group (OZM), Belden (BDC) and Micron Technology (MU).

AutoZone's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Fenimore Asset Management Inc. (0.21%), Hexavest Inc. (0.20%), PGGM Investments (0.17%), Wedge Capital Management L L P NC (0.11%), Manning & Napier Group LLC (0.10%) and Boston Trust Walden Corp (0.07%). Company insiders that own AutoZone stock include Albert Saltiel, Charles Pleas III, Domingo Hurtado, Douglas H Brooks, Earl G Graves Jr, James C Griffith, Kristen C Wright, Mark A Finestone, 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 PGGM Investments, Wedge Capital Management L L P NC, Bowling Portfolio Management LLC, Hexavest Inc., Meag Munich Ergo Kapitalanlagegesellschaft MBH, Sciencast Management LP, Nisa Investment Advisors LLC and Boston Trust Walden Corp. Company insiders that have sold AutoZone company stock in the last year include Albert Saltiel, Charles Pleas III, Domingo Hurtado, Earl G Graves Jr, Kristen C Wright, Mark A Finestone, Philip B Daniele, Richard Craig Smith, Ronald B Griffin, Thomas B Newbern and William R Hackney. View Insider Buying and Selling for AutoZone.

AZO stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Gateway Investment Advisers LLC, Commerzbank Aktiengesellschaft FI, Tocqueville Asset Management L.P., IMS Capital Management, Huntington National Bank, AE Wealth Management LLC and Chickasaw Capital Management LLC. View Insider Buying and Selling 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 $1,154.58.

AutoZone has a market capitalization of $27.51 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.View Additional Information About AutoZone.

The official website for AutoZone is http://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]