AutoZone - AZO Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last year. There are currently 1 sell rating, 2 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AZO shares.
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19 equities research analysts have issued 1 year price objectives for AutoZone's stock. Their AZO share price forecasts range from $2,330.00 to $2,899.00. On average, they predict the company's share price to reach $2,652.76 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price.
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AutoZone's stock was trading at $2,466.18 on January 1st, 2023. Since then, AZO shares have decreased by 4.7% and is now trading at $2,349.30.
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AutoZone saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 262,500 shares, a drop of 7.4% from the February 13th total of 283,400 shares. Based on an average daily volume of 154,900 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.4% of the shares of the stock are short sold.
View AutoZone's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 23rd 2023.
View our AZO earnings forecast.

AutoZone, Inc. (NYSE:AZO) posted its earnings results on Tuesday, February, 28th. The company reported $24.64 earnings per share for the quarter, beating the consensus estimate of $21.33 by $3.31. The business earned $3.69 billion during the quarter, compared to analyst estimates of $3.56 billion. AutoZone had a net margin of 14.32% and a negative trailing twelve-month return on equity of 64.72%. The firm's revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $22.30 earnings per share.
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ETFs with the largest weight of AutoZone (NYSE:AZO) stock in their portfolio include Alpha Dog ETF (RUFF), Hennessy Stance ESG Large Cap ETF (STNC), VanEck Retail ETF (RTH), SEI Enhanced U.S. Large Cap Momentum Factor ETF (SEIM), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), Alpha Intelligent - Large Cap Growth ETF (AILG), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and Affinity World Leaders Equity ETF (WLDR).

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 a variety of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (6.42%), Moneta Group Investment Advisors LLC (3.73%), Fiera Capital Corp (3.08%), Boston Partners (2.82%), Geode Capital Management LLC (2.40%) and Norges Bank (1.42%). 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, 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.
View institutional ownership trends.

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 $2,349.30.

AutoZone (NYSE:AZO) has a market capitalization of $44.10 billion and generates $16.25 billion in revenue each year. The company earns $2.43 billion in net income (profit) each year or $121.63 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.