AutoZone Stock Forecast, Price & 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 7.1% and is now trading at $1,166.71.
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20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last year. There are currently 4 hold ratings, 15 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for AutoZone.

AutoZone, Inc. (NYSE:AZO) posted its quarterly earnings results on Tuesday, September, 22nd. The company reported $30.93 earnings per share for the quarter, beating the consensus estimate of $23.01 by $7.92. The business earned $4.55 billion during the quarter, compared to analysts' expectations of $3.87 billion. AutoZone had a net margin of 12.90% and a negative return on equity of 91.18%. The company's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 EPS.
View AutoZone's earnings history.

AutoZone announced that its board has initiated a share repurchase 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 purchase up to 6.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its shares are undervalued.

20 brokerages have issued 1 year price objectives for AutoZone's stock. Their forecasts range from $1,015.00 to $1,505.00. On average, they expect AutoZone's stock price to reach $1,284.94 in the next twelve months. This suggests a possible upside of 10.1% from the stock's current price.
View analysts' price targets for AutoZone.

AutoZone saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 397,600 shares, a drop of 16.0% from the August 15th total of 473,600 shares. Based on an average daily trading volume, of 189,600 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.7% of the company's shares are short sold.
View AutoZone's Short Interest.

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), Sonic Automotive (SAH), Group 1 Automotive (GPI), Monro (MNRO), 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), 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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.51%), BlackRock Inc. (7.60%), Nordea Investment Management AB (4.58%), FMR LLC (4.45%), Ninety One UK Ltd (1.05%) and California Public Employees Retirement System (0.85%). 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 Advisor Group Holdings Inc., Vanguard Group Inc., Bank of Montreal Can, FMR LLC, Sumitomo Mitsui Trust Holdings Inc., Robeco Institutional Asset Management B.V., PNC Financial Services Group Inc., and BlackRock Inc.. Company insiders that have sold AutoZone company stock in the last year include Kristen C Wright, Philip B Daniele, and William R Hackney.
View insider buying and selling activity for AutoZone.

AZO stock was acquired by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Ninety One UK Ltd, Holocene Advisors LP, Assenagon Asset Management S.A., Point72 Asset Management L.P., Jacobs Levy Equity Management Inc., Ardevora Asset Management LLP, and Two Sigma Advisers LP.
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 $1,166.71.

AutoZone has a market capitalization of $27.25 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]