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How to Buy Autozone Stock

Autozone Inc

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.

How to Buy Autozone Stock

Not sure how to invest in Autozone stock? Here's how.
  1. Choose where to buy Autozone stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you decide where to buy Autozone stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Fund your investment account: Pick your method of payment and add your details.
  4. Analyze Autozone stock: The Autozone ticker symbol is AZO. Is Autozone stock a good investment? Should you buy shares of AZO? How do AZO's underlying business fundamentals look? Do top analysts think Autozone is a good buy? Why has AZO's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if AZO is a good stock to buy).
  5. Make your AZO buy order: Decide if you will purchase AZO shares at the current market price or use a limit order to buy AZO shares at a specific price.
  6. Get notifications regarding your AZO position: Create a watchlist to watch your investment in Autozone shares.

Step 1: Choose where to buy Autozone stock

You will need a brokerage account to access the NYSE market and buy AZO stock.

A brokerage account allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've picked your brokerage, it's time to fill out some personal information so you are able to invest in AZO stock today.

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  1. Click here to get started.
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  2. Provide your personal details to open a new brokerage account.
  1. Submit your information by clicking the "Create Account" button.
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Step 3: Fund your investment account

Now that you have finished signing up on stock market apps, your next step is to transfer the money for your investment:

Watch the video below for more details depositing funds into your investment account.

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Step 4: Analyze Autozone stock

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.

Autozone shares at a glance

AZO Price
$3,151.65
1w %
-1.83%
1y %
31.03%
5y %
213.54%
P/E
21.57x
P/B
-11.27x
P/S
3.06x
PEG
N/A
Revenue
$17.83B
Earnings
$2.62B
Fore. Rev. Growth
4.08%
Fore. Earn. Growth
-4.93%
Market Cap
$54.53B
Next Earnings
May 21, 2024
Next Dividend
N/A

Autozone Zen Score

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.

What is the fair value of AZO stock?

Investors use many financial metrics, analyses, models, and charts to gauge AZO's true value.

Using relative valuations measures:

  • AZO may be undervalued based on its P/E ratio of 21.57x, relative to Specialty Retail industry P/E ratio of 30.58x

You can access more valuation research on AZO's stock here.

A quick look at AZO Financials

Passed Financial Due Diligence Checks:

  • AZO profit margin has gone up from 14.3% to 14.7% in the past year.
  • AZO earnings of $3.67B is not sufficient to cover its interest payments.
  • AZO's operating cash flow of $3.06B allows it to safely service it's debt of $11.83B.

Failed Financial Due Diligence Checks:

  • There are more long-term liabilities than short-term assets on the AZO balance sheet.
  • AZO debt to equity ratio of -4.46 is negative.
  • Total AZO debt is still negative.
  • There are more short-term liabilities than short-term assets on the AZO balance sheet.

Is it a good time to buy Autozone stock, according to Wall Street analysts?

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.

Most Recent AZO Analyst Recommendations

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.

Earnings Report

For Q2 2024, Autozone reported:

  • EPS of $28.89, which beat the Zacks Consensus Estimate of $26.08 and, by 17.2%, Q2 2023’s $24.64
  • Revenue of $3.86B, which beat the Zacks Consensus Estimate of $3.85B and, by 4.6%, Q2 2023’s $3.69B.
  • Y/Y domestic sales growth of 0.3%.
  • Y/Y international sales growth of 23.9%.

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.

AZO Momentum

SMA10
3,172.4
SMA20
3,128.93
SMA50
2,920.93
SMA100
2,773.25
SMA200
2,638.47
MACD
82.61
MACD Signal
90.66
MACD Histogram
-8.05
RSI
61.35
Stochastic %K
67.83
Stochastic %D
71.74
StochRSI %K
8.57
StochRSI %D
16.47

AZO Revenue

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.

Latest Insiders Trades at AZO

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.

Can I get consistent income from AZO stock?

No, Autozone doesn't provide an income stream by paying out dividends.

What others are saying about AZO

One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Make your AZO buy order

You have two main options:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are usually sufficient.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount limit, place a limit order.

Click the Open Trade button and eToro will execute the order.

If you require more assistance investing in stocks on eToro, watch the helpful video below:

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Step 6: Get notifications regarding your AZO position

Now that you own some AZO stock, you'll want to keep up with your new shares.

Put AZO on a watchlist to get alerted to the latest events about your AZO stock.

AZO Feed

How to Buy Stock in Autozone

To summarize, here are the 6 steps you need to take to buy Autozone stock right now:

  1. Choose where to buy Autozone stock
  2. Open a brokerage account
  3. Fund your investment account
  4. Analyze Autozone stock
  5. Make your AZO buy order
  6. Get notifications regarding your AZO position

If you are looking for a place to buy stocks, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to watch your investment in Autozone, add AZO to your watchlist below.

NYSE: AZO
$3,151.65-41.14 (-1.29%)
Updated Mar 28, 2024
Open eToro Account
NYSE: AZO
$3,151.65-41.14 (-1.29%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Autozone share?

As of Mar 28, 2024, it costs $3,151.65 to buy one share of Autozone stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.032 shares of AZO.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Autozone stock?

According to 13 Wall Street analysts who monitor Autozone, their consensus recommendation is to buy Autozone stock.

What is the best way to buy Autozone stock?

One way to place an order for Autozone stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.