Autozone is a retail company located in Tennessee, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker AZO on the NYSE exchange.
Autozone stock last closed at $2,245.45, up 1.83% from the previous day, and has increased 35.99% in one year. It has overperformed other stocks in the Specialty Retail industry by 0.36 percentage points. Autozone stock is currently +36.12% from its 52-week low of $1,649.59, and -4.94% from its 52-week high of $2,362.24.
There are currently 19.49M AZO shares outstanding. The market cap of AZO is $43.76B. In the past 24 hours, 162,826 AZO shares were traded.
You will need a brokerage account to access the NYSE market and buy AZO stock.
In our opinion, eToro is the best place to buy stocks. eToro gives you:
Get $10 towards your your purchase of AZO stock by opening an account with eToro now.Open eToro Account
Now that you've chosen it's time brokerage, chosen to fill out some personal info so you are able to invest in AZO today.
Watch the tutorial below to see the process of transferring funds into your new investment account.
It's crucial to evaluate stocks prior to buying, so you actually comprehend the risk as well as the upside.
WallStreetZen was created to help part-time investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on AZO's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge AZO's intrinsic value.
Using relative valuations ratios:
You can do more valuation research on AZO's stock here.
Out of 14 Wall Street analysts who give ratings on AZO, the consensus analyst rating on AZO is a Strong Buy
Taylor Conrad, a bottom 25% analyst from Argus Research maintains AZO with a strong buy rating and raises their AZO price target from $2,210.00 to $2,330.00, on Sep 27, 2022.
Scot Ciccarelli, a top 4% analyst from Truist Securities maintains AZO with a strong buy rating and raises their AZO price target from $2,174.00 to $2,292.00, on Sep 20, 2022.
Ciccarelli raised his price target on AutoZone, Inc. by 5.4% following the release of the company's Q4 and FY 2022 earnings report on 2022/09/19.
With positive reports from "DIY comps" in spite of the spending pressure on low-to-middle income consumers, AutoZone reported "strong" Q4 results, the analyst told investors.
With the automotive industry's primary growth drivers remaining intact, those and Autozone's aggressive buyback activity* provide a natural hedge against tougher economic conditions, Ciccarelli added.
* From here, dated 2022/03/23: "AutoZone recently increased its share buyback authorization again by $2B.
"Last year, the company thrice authorized an additional buyback of $1.5B of its common stock. Since the inception of the buyback program in 1998, AutoZone has authorized $31.2 billion in stock repurchases, including the latest amount.
"In FY 2021, the firm repurchased $3.4B of its outstanding shares. It has bought back close to 90% of its outstanding shares since 1998.
For Q4 2022:
For FY 2022:
Management did not provide guidance in its press release.
Bill Rhodes, CEO, commented, “Our retail business performed well this quarter ending with positive same-store sales on top of last year’s strong performance.
“And our commercial business growth continued to be exceptionally strong at 22%. The investments we have made in both inventory availability and technology are enhancing our competitive positioning.
“We are optimistic about our growth prospects heading into our new fiscal year.”
Bret Jordan, a top 18% analyst from Jefferies maintains AZO with a strong buy rating and raises their AZO price target from $2,350.00 to $2,450.00, on Sep 20, 2022.
Christopher Horvers, a top 9% analyst from JP Morgan maintains AZO with a strong buy rating and raises their AZO price target from $2,550.00 to $2,660.00, on Sep 20, 2022.
Seth Basham, a top 8% analyst from Wedbush maintains AZO with a buy rating and raises their AZO price target from $2,250.00 to $2,350.00, on Sep 20, 2022.
You can dig deeper into what analysts are saying on the Autozone stock forecast page.
Last year, AZO earnings were $2.41B. During the past five year, AZO's earnings have gone up by 21.27% per year. This was slower than the Specialty Retail industry average of 23.58%.
Last year, AZO revenue was $15.82B. During the last 5 year, AZO's revenue has increased by 7.98% per year. This was slower than the Specialty Retail industry average of 12.17%.
Find out more about AZO's earnings and revenue performance here.
In the last 12 months, executives and large shareholders at AZO have bought more shares than they have sold.
K. Michelle Borninkhof, Senior Vice President & CIO of AZO, was the latest AZO insider to buy. They bought $8,567.72 worth of AZO shares on Sep 30, 2022.
Dig into more about who owns AZO stock here.
No, Autozone doesn't provide an income stream by paying out dividends.
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
You have two main types of orders:
Click the Open Trade button and your broker will place the order.
If you need more help with investing in stocks on eToro, click the how to video below:
Now that you own some AZO stock, you'll want to stay up-to-date on your company.
Make a watchlist to track the latest developments regarding your AZO stock.
To summarize, here are the 6 steps to buy stock in Autozone:
If you are looking for a online brokerage, eToro is our recommended option.Get Started with eToro Today
If you would like to get the latest news on your investment in Autozone, add AZO to your watchlist below.
How much does it cost to buy one Autozone share?
Is now a good time to buy Autozone stock?
What is the best way to buy Autozone stock?