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 $3,151.65, down 1.29% from the previous day, and has increased 31.03% in one year. It has overperformed other stocks in the Specialty Retail industry by 0.04 percentage points. Autozone stock is currently +38.36% from its 52-week low of $2,277.88, and -3.22% from its 52-week high of $3,256.37.
There are currently 17.3M AZO shares outstanding. The market cap of AZO is $54.53B. In the past 24 hours, 170,074 AZO shares were traded.
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After you have decided on the best place to buy Autozone stock, it's absolutely critical to research their stock prior to investing, so you actually wrap your head around the risk and opportunity.
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on AZO's stock page.
Investors use many financial metrics, analyses, models, and charts to gauge AZO's true value.
Using relative valuations measures:
You can access more valuation research on AZO's stock here.
Out of 13 Equities analysts who monitor AZO, the consensus analyst rating on Autozone is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Simeon Gutman, a bottom 2% analyst from Morgan Stanley maintains AZO with a strong buy rating and raises their AZO price target from $2,900.00 to $3,100.00, on Feb 28, 2024.
Christopher Horvers, a top 7% analyst from JP Morgan maintains AZO with a strong buy rating and raises their AZO price target from $3,000.00 to $3,200.00, on Feb 28, 2024.
Scot Ciccarelli, a top 2% analyst from Truist Securities maintains AZO with a strong buy rating and raises their AZO price target from $3,027.00 to $3,363.00, on Feb 28, 2024.
Truist Securities's Scot Ciccarelli raised their price target on Autozone (NYSE: AZO) by 11.1% from $3,027 to $3,363 on 2024/02/28. The analyst maintained their Strong Buy rating on the stock.
Local sales fell short of projections, but international sales were solid, growing by more than 10%, and profits "nicely exceeded expectations," Ciccarelli highlighted following Autozone's 2024/02/27-dated Q2 2024 earnings result.
On the back of another "sustainable step-up" in margins and comps that are ready to re-accelerate, Truist Securities continues to be an "aggressive buyer" of Autozone's shares, the analyst reported.
For Q2 2024, Autozone reported:
Management did not provide financial guidance in its press release or earnings call.
President & CEO Phil Daniele commented: “While a difficult holiday comparison for both Christmas and New Year’s negatively impacted quarterly sales performance, we continue to be encouraged with our sales initiatives, and believe we are well positioned for future growth.
“Additionally, we are pleased with our international business as we delivered another quarter of double-digit growth.
“We remain committed to prudently investing capital in our business, and we will be steadfast in our long-term, disciplined approach to increasing operating earnings and cash flows while utilizing our balance sheet effectively.”
Seth Basham, a top 7% analyst from Wedbush maintains AZO with a buy rating and raises their AZO price target from $2,950.00 to $3,400.00, on Feb 28, 2024.
Daniel Imbro, a top 7% analyst from Stephens & Co. maintains AZO with a strong buy rating and raises their AZO price target from $3,000.00 to $3,070.00, on Dec 6, 2023.
You can dive deeper into what analysts are projecting on the Autozone stock forecast page.
Last year, AZO earnings were $2.62B. In the last five year, AZO's earnings have gone up by 21.89% per year. This was faster than the Specialty Retail industry average of 17.8%.
Last year, AZO revenue was $17.83B. Over the past five year, AZO's revenue has increased by 9.53% per year. This was slower than the Specialty Retail industry average of 11.7%.
You can research AZO's earnings and revenue performance here.
In the past 12 months, executives and large shareholders at AZO have bought more shares than they have sold.
William C. Rhodes Iii, Executive Chairman of AZO, was the latest AZO insider to sell. They sold $14,276,145.00 worth of AZO stock on Mar 26, 2024.
Dig into more about who owns AZO stock here.
No, Autozone doesn't provide an income stream by paying out dividends.
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