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 initiated a stock buyback program on Wednesday, September 26th 2018, which permits the company to repurchase $1,250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

AutoZone, Inc. (NYSE:AZO) posted its quarterly earnings data on Tuesday, December, 10th. The company reported $14.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $13.74 by $0.56. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. AutoZone had a net margin of 13.45% and a negative return on equity of 96.86%. The company's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $13.47 earnings per share. 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 Wall Street analysts have issued 1 year price objectives for AutoZone's shares. Their forecasts range from $1,030.00 to $1,415.00. On average, they expect AutoZone's stock price to reach $1,246.43 in the next twelve months. This suggests a possible upside of 8.6% 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.

News coverage about AZO stock has trended negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. AutoZone earned a news impact score of -2.3 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for AutoZone.

AutoZone saw a decrease in short interest during the month of 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 daily volume of 202,000 shares, the short-interest ratio is presently 3.4 days. Approximately 2.9% of the shares of the company 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), 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 Gran Tierra Energy (GTE).

AutoZone's stock is owned by a variety of of retail and institutional investors. Top institutional investors include SPF Beheer BV (0.36%), Fenimore Asset Management Inc. (0.21%), Hexavest Inc. (0.20%), PGGM Investments (0.17%), Wedge Capital Management L L P NC (0.11%) and Manning & Napier Group LLC (0.10%). Company insiders that own AutoZone stock include Albert Saltiel, Charles Pleas III, Domingo Hurtado, Douglas H Brooks, Earl G Graves Jr, 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 acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., SPF Beheer BV, Gateway Investment Advisers LLC, Commerzbank Aktiengesellschaft FI, Janney Montgomery Scott LLC, Tocqueville Asset Management L.P., IMS Capital Management and Wealthfront Advisers 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 $1,147.91.

AutoZone has a market capitalization of $27.35 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]