AutoZone Company Profile (NYSE:AZO)

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

AutoZone declared that its Board of Directors has approved a share repurchase plan on Monday, April 10th 2017, which permits the company to repurchase $750,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

AutoZone, Inc. (NYSE:AZO) released its quarterly earnings data on Tuesday, May, 23rd. The company reported $11.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $12.00 by $0.56. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.70 billion. AutoZone had a net margin of 11.82% and a negative return on equity of 70.52%. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $10.77 EPS. View AutoZone's Earnings History.

AutoZone is scheduled to release their next quarterly earnings announcement on Tuesday, September, 19th 2017. View Earnings Estimates for AutoZone.

23 equities research analysts have issued twelve-month price targets for AutoZone's stock. Their predictions range from $550.00 to $910.00. On average, they expect AutoZone's stock price to reach $763.05 in the next year. View Analyst Ratings for AutoZone.

Here are some recent quotes from research analysts about AutoZone stock:

• 1. According to Zacks Investment Research, "AutoZone has underperformed the Zacks-categorized Retail/Wholesale Auto Parts industry over the last three months due to cost headwinds. However, he company is focused on increasing sales through store expansion and boosting earnings via aggressive share repurchases. Moreover, the rising average age of cars on U.S. roads is leading to higher demand for auto parts. These factors bode well for the stock in the long run. AutoZone has a positive record of earnings surprises over the last four quarters." (2/9/2017)
• 2. Morgan Stanley analysts commented, "Besides these potential top-line drivers, AZO's valuation is undemanding, tradingat~16.5x'17e EPS and ~11x EBITDA, which is attractive relative to the business' low-DD EPS and HSD EBITDA growth. Near-term expectations have been appropriately set with management's characterization of Q4's sales pickup as 'modest.'"The brokerage is not worried much about slowing commercial sales and e-commerce concerns, as top-line growth would outweigh the risk factors. The analyst pointed out that the "change in the seven-year-old vehicle cohort" (9/27/2016)

Some companies that are related to AutoZone include AutoNation (AN), Penske Automotive Group (PAG), Inchcape plc (INCH), Monro Muffler Brake (MNRO), Asbury Automotive Group (ABG), Pep Boys - Manny Moe & Jack (PBY), Sonic Automotive (SAH), Camping World Holdings (CWH), Halfords Group plc (HFD) and Vertu Motors Plc (VTU).

AutoZone's management team includes the folowing people:

• William C. Rhodes III, Chairman of the Board, President, Chief Executive Officer
• William T. Giles, Chief Financial Officer, Executive Vice President - Finance, Information Technology and ALLDATA
• Mark A. Finestone, Executive Vice President – Merchandising, Supply Chain, and Marketing
• William W. Graves, Executive Vice President – Mexico, Brazil, IMC, and Store Development
• Thomas B. Newbern, Executive Vice President – Store Operations, Commercial and Loss Prevention
• Ronald B. Griffin, Senior Vice President, Chief Information Officer
• Kristen Collier Wright, Senior Vice President, General Counsel, Secretary
• Charlie Pleas III, Senior Vice President, Controller
• Philip B. Daniele, Senior Vice President - Commercial
• James C. Griffith, Senior Vice President - Store Operations

AutoZone's stock is owned by a number of of institutional and retail investors. Top institutional investors include Bessemer Group Inc. (1.10%), Russell Investments Group Ltd. (0.46%), APG Asset Management N.V. (0.39%), Manning & Napier Advisors LLC (0.36%), Fenimore Asset Management Inc. (0.33%) and SPF Beheer BV (0.31%). Company insiders that own AutoZone stock include Albert Saltiel, Charles Pleas III, Douglas H Brooks, Earl G Graves Jr, Earl G Graves, Jr, James C Griffith, Mark A Finestone, Michael A Womack, Philip B Daniele, Richard Craig Smith, Rodney C Halsell, Ronald B Griffin, Thomas B Newbern, William Andrew Mckenna, William C Rhodes III, William T Giles and William W Graves. View Institutional Ownership Trends for AutoZone.

AutoZone's stock was sold by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, Great West Life Assurance Co. Can, Factory Mutual Insurance Co., Russell Investments Group Ltd., Legacy Private Trust Co., Quantitative Systematic Strategies LLC, LS Investment Advisors LLC and Exxonmobil Investment Management Inc. TX. Company insiders that have sold AutoZone stock in the last year include Charles Pleas III, Earl G Graves Jr, James C Griffith, Rodney C Halsell, Thomas B Newbern, William C Rhodes III, William T Giles and William W Graves. View Insider Buying and Selling for AutoZone.

AutoZone's stock was purchased by a variety of institutional investors in the last quarter, including Bessemer Group Inc., Manning & Napier Advisors LLC, Fenimore Asset Management Inc., APG Asset Management N.V., Mn Services Vermogensbeheer B.V., Bank of Montreal Can, National Pension Service and SPF Beheer BV. Company insiders that have bought AutoZone stock in the last two years include Douglas H Brooks and William Andrew Mckenna. View Insider Buying and Selling for AutoZone.

Shares of AutoZone can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of AutoZone stock can currently be purchased for approximately $529.01.