NYSE:AZOAutoZone Stock Price, Forecast & News

AutoZone's stock was trading at $1,089.03 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, AZO stock has increased by 9.5% and is now trading at $1,192.61.
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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."
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AutoZone is scheduled to release its next quarterly earnings announcement on Tuesday, September 22nd 2020.
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AutoZone, Inc. (NYSE:AZO) released its quarterly earnings data on Tuesday, May, 26th. The company reported $14.39 earnings per share for the quarter, beating the consensus estimate 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%. AutoZone's revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $15.99 EPS.
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AutoZone announced that its board has approved a stock repurchase plan on Wednesday, September 26th 2018, which permits the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 6.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its shares are undervalued.

18 Wall Street analysts have issued twelve-month price objectives for AutoZone's stock. Their forecasts range from $1,015.00 to $1,415.00. On average, they expect AutoZone's stock price to reach $1,223.69 in the next year. This suggests a possible upside of 2.6% from the stock's current price.
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News articles about AZO stock have been trending neutral this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. AutoZone earned a news sentiment score of 0.2 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
View the latest news about AutoZone.

AutoZone saw a decrease in short interest during the month of July. As of July 15th, there was short interest totaling 350,100 shares, a decrease of 11.3% from the June 30th total of 394,700 shares. Based on an average daily volume of 234,800 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.5% of the company's stock are short sold.
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), Asbury Automotive Group (ABG), Monro (MNRO), Sonic Automotive (SAH), Group 1 Automotive (GPI), PROSPECT CAPITAL 6.25 NTS (PBY) and America's Car-Mart (CRMT).
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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 a number of institutional and retail investors. Top institutional shareholders include Swiss National Bank (0.53%), Robeco Institutional Asset Management B.V. (0.51%), LSV Asset Management (0.47%), Sumitomo Mitsui Trust Holdings Inc. (0.43%), Assenagon Asset Management S.A. (0.39%) and Russell Investments Group Ltd. (0.37%). 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 Sumitomo Mitsui Trust Holdings Inc., Robeco Institutional Asset Management B.V., State of Michigan Retirement System, Hexavest Inc., Russell Investments Group Ltd., NN Investment Partners Holdings N.V., Wedge Capital Management L L P NC, and First Trust Advisors LP. 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 bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Ardevora Asset Management LLP, Unigestion Holding SA, Candriam Luxembourg S.C.A., LGT Capital Partners LTD., Franklin Street Capital Partners LLC, Silverleafe Capital Partners LLC, and Red Door Wealth Management LLC.
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 $1,192.61.

AutoZone has a market capitalization of $27.85 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]