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T   17.66 (+0.63%)
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NYSE:AZO

AutoZone (AZO) Stock Price, News & Analysis

$3,161.76
-31.03 (-0.97%)
(As of 01:21 PM ET)
Today's Range
$3,152.95
$3,198.59
50-Day Range
$2,669.21
$3,239.06
52-Week Range
$2,277.88
$3,256.37
Volume
66,701 shs
Average Volume
159,781 shs
Market Capitalization
$54.70 billion
P/E Ratio
22.26
Dividend Yield
N/A
Price Target
$3,080.72

AutoZone MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
3.5% Downside
$3,080.72 Price Target
Short Interest
Healthy
2.21% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.59
Upright™ Environmental Score
News Sentiment
0.49mentions of AutoZone in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$81.01 M Sold Last Quarter
Proj. Earnings Growth
9.86%
From $151.33 to $166.25 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.16 out of 5 stars

Retail/Wholesale Sector

70th out of 204 stocks

Auto & Home Supply Stores Industry

3rd out of 6 stocks

AZO stock logo

About AutoZone Stock (NYSE:AZO)

AutoZone, Inc. retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. It also offers A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs. In addition, the company provides maintenance products, such as antifreeze and windshield washer fluids; brake drums, rotors, shoes, and pads; brake and power steering fluids, and oil and fuel additives; oil and transmission fluids; oil, cabin, air, fuel, and transmission filters; oxygen sensors; paints and accessories; refrigerants and accessories; shock absorbers and struts; spark plugs and wires; and windshield wipers. Further, it offers air fresheners, cell phone accessories, drinks and snacks, floor mats and seat covers, interior and exterior accessories, mirrors, performance products, protectants and cleaners, sealants and adhesives, steering wheel covers, tools, vehicle entertainment systems, and wash and wax products, as well as towing services. Additionally, the company provides a sales program that offers commercial credit and delivery of parts and other products; sells automotive diagnostic and repair software under the ALLDATA brand through alldata.com and alldatadiy.com; and automotive hard parts, maintenance items, accessories, and non-automotive products through autozone.com. AutoZone, Inc. was founded in 1979 and is headquartered in Memphis, Tennessee.

AZO Stock Price History

AZO Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
This Sector Ready to Outshine Key Rival, Says New Report
That's despite a one-month outperformance of the Consumer Staples Select Sector SPDR Fund NYSEARCA: XLP relative to the Consumer Discretionary Select Sector SPDR Fund NYSEARCA: XLY.
This Sector Ready to Outshine Key Rival, Says New Report (AZO)
Consumer discretionary stocks are likely to outpace consumer staples, says Bank of America. Consumers' resilience and greater automation are driving growth.
AutoZone (NYSE:AZO) PT Raised to $3,400.00 at Evercore ISI
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
AutoZone (NYSE:AZO) Lowered to "Hold" at StockNews.com
AZO Apr 2024 2750.000 call
Estimating The Fair Value Of AutoZone, Inc. (NYSE:AZO)
StockNews.com Upgrades AutoZone (NYSE:AZO) to Buy
AutoZone (NYSE:AZO) Coverage Initiated by Analysts at Mizuho
AZO Apr 2024 2450.000 put
AZO Apr 2024 2780.000 call
AZO Apr 2024 2950.000 call
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Today
3/28/2024
Next Earnings (Estimated)
5/28/2024
Fiscal Year End
8/31/2024

Industry, Sector and Symbol

Industry
Auto & home supply stores
Sub-Industry
Automotive Retail
CUSIP
05333210
Employees
119,000
Year Founded
1979

Price Target and Rating

Average Stock Price Target
$3,080.72
High Stock Price Target
$3,450.00
Low Stock Price Target
$2,465.00
Potential Upside/Downside
-3.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
17 Analysts

Profitability

Net Income
$2.53 billion
Pretax Margin
18.48%

Debt

Sales & Book Value

Annual Sales
$17.83 billion
Cash Flow
$168.31 per share
Book Value
($279.57) per share

Miscellaneous

Free Float
16,870,000
Market Cap
$55.24 billion
Optionable
Optionable
Beta
0.70

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Should I Buy AutoZone Stock? AZO Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of AutoZone was last updated on Monday, March 25, 2024 at 12:07 PM.

Pros

Here are some ways that investors could benefit from investing in AutoZone, Inc.:

  • AutoZone, Inc. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company's wide range of automotive products caters to a diverse customer base, potentially leading to increased sales and market share.
  • AutoZone's expansion into international markets like Mexico and Brazil provides opportunities for further growth and revenue diversification.
  • With a focus on providing both automotive hard parts and maintenance items, AutoZone is well-positioned to benefit from the ongoing demand for vehicle repairs and maintenance.
  • Despite recent market fluctuations, AutoZone's stock price has remained relatively stable, offering investors a sense of security.

Cons

Investors should be bearish about investing in AutoZone, Inc. for these reasons:

  • AutoZone faces competition from both traditional brick-and-mortar auto parts stores and online retailers, which could impact its market share and profitability.
  • The automotive industry is subject to economic cycles and consumer spending patterns, which may affect AutoZone's sales and revenue in the future.
  • Investing in AutoZone requires a good understanding of the automotive retail sector and the ability to navigate potential industry challenges.
  • Changes in regulations related to vehicle emissions and safety standards could impact the demand for certain automotive products offered by AutoZone.
  • While AutoZone's stock price has been stable, investors should carefully monitor market trends and company performance to make informed investment decisions.

AZO Stock Analysis - Frequently Asked Questions

Should I buy or sell AutoZone stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last twelve months. There are currently 4 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AZO shares.
View AZO analyst ratings
or view top-rated stocks.

What is AutoZone's stock price target for 2024?

17 equities research analysts have issued 12 month target prices for AutoZone's shares. Their AZO share price targets range from $2,465.00 to $3,450.00. On average, they anticipate the company's stock price to reach $3,080.72 in the next twelve months. This suggests that the stock has a possible downside of 3.5%.
View analysts price targets for AZO
or view top-rated stocks among Wall Street analysts.

How have AZO shares performed in 2024?

AutoZone's stock was trading at $2,585.61 at the beginning of 2024. Since then, AZO shares have increased by 23.5% and is now trading at $3,192.79.
View the best growth stocks for 2024 here
.

When is AutoZone's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024.
View our AZO earnings forecast
.

How were AutoZone's earnings last quarter?

AutoZone, Inc. (NYSE:AZO) issued its earnings results on Tuesday, February, 27th. The company reported $28.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $26.08 by $2.81. The company had revenue of $3.86 billion for the quarter, compared to analysts' expectations of $4.32 billion. AutoZone had a negative trailing twelve-month return on equity of 56.06% and a net margin of 14.70%. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $24.64 EPS.
Read the conference call transcript
.

What is Bill Rhodes III's approval rating as AutoZone's CEO?

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.

What other stocks do shareholders of AutoZone own?
Who are AutoZone's major shareholders?

AutoZone's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.10%), Vanguard Group Inc. (10.10%), International Assets Investment Management LLC (4.23%), Fiera Capital Corp (2.73%), Royal Bank of Canada (2.44%) and Boston Partners (2.17%). Insiders that own company stock include Albert Saltiel, Brian Hannasch, Charles Pleas III, Dennis W Leriche, 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, Philip B Daniele, Preston Frazer, Richard Craig Smith, Ronald B Griffin, Thomas B Newbern, William C Rhodes III, William C Rhodes III and William R Hackney.
View institutional ownership trends
.

How do I buy shares of AutoZone?

Shares of AZO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does AutoZone have any subsidiaries?
The following companies are subsidiares of AutoZone: ALLDATA LLC, Alldata, Auto Palace, AutoAnything, AutoZone Development LLC, AutoZone IP LLC, AutoZone Northeast LLC, AutoZone Parts Inc., AutoZone Puerto Rico Inc., AutoZone Stores LLC, AutoZone Texas LLC, AutoZone West, AutoZone West LLC, AutoZone de México S. de R.L. de C.V., AutoZone.com Inc., Interamerican Motor Corporation, and Riverside Captive Insurance Company.
Read More
This page (NYSE:AZO) was last updated on 3/28/2024 by MarketBeat.com Staff

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