AutoZone - AZO Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last twelve months. There are currently 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AZO shares.
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16 Wall Street analysts have issued 1-year price objectives for AutoZone's stock. Their AZO share price forecasts range from $2,330.00 to $2,850.00. On average, they anticipate the company's share price to reach $2,568.40 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price.
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AutoZone's stock was trading at $2,096.39 on January 1st, 2022. Since then, AZO shares have increased by 18.7% and is now trading at $2,488.90.
View the best growth stocks for 2022 here.

AutoZone saw a drop in short interest in October. As of October 31st, there was short interest totaling 401,300 shares, a drop of 11.5% from the October 15th total of 453,300 shares. Based on an average daily trading volume, of 157,400 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.1% of the shares of the company are sold short.
View AutoZone's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our AZO earnings forecast.

AutoZone, Inc. (NYSE:AZO) released its quarterly earnings data on Tuesday, December, 6th. The company reported $27.45 earnings per share for the quarter, beating analysts' consensus estimates of $24.82 by $2.63. The business had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $3.87 billion. AutoZone had a net margin of 14.57% and a negative trailing twelve-month return on equity of 69.45%. The business's revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $25.69 earnings per share.
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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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.92%), BlackRock Inc. (8.02%), State Street Corp (4.39%), Fiera Capital Corp (3.37%), Boston Partners (3.30%) and Royal Bank of Canada (2.46%). Insiders that own company stock include Albert Saltiel, Brian Hannasch, Charles Pleas III, Domingo Hurtado, Eric S Gould, George R Mrkonic Jr, Jane Huang, John Scott Murphy, K Michelle Borninkhof, Kristen C Wright, Mark A Finestone, Michael M Calbert, Mitchell C Major, Philip B Daniele, Preston Frazer, Ronald B Griffin, Thomas B Newbern, William C Rhodes III, William C Rhodes III, William R Hackney and William T Giles.
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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 $2,488.90.

AutoZone (NYSE:AZO) has a market capitalization of $47.24 billion and generates $16.25 billion in revenue each year. The company earns $2.43 billion in net income (profit) each year or $119.29 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.