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 $3,040.09, down 1.13% from the previous day, and has increased 22.83% in one year. It has overperformed other stocks in the Specialty Retail industry by 0.11 percentage points. Autozone stock is currently +27.98% from its 52-week low of $2,375.35, and -6.64% from its 52-week high of $3,256.37.
There are currently 17.08M AZO shares outstanding. The market cap of AZO is $51.93B. In the past 24 hours, 206,659 AZO shares were traded.
How to Buy Autozone Stock
Not sure how to invest in Autozone stock? Here's how.
- 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.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your method of payment and add your details.
- 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).
- 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.
- 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.
Our favorite brokerage: eToro
In our opinion, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to global markets: From Tech to Financial Services, New York to Tokyo — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by signing up for an account with eToro today.
Open eToro AccountStep 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.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open a new brokerage account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
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.
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
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 20.46x, relative to Specialty Retail industry P/E ratio of 26.37x
- AZO could be overvalued based on its PEG ratio of 2.05x
You can do more valuation analysis on AZO's stock here.
A quick look at AZO Financials
Passed Financial Due Diligence Checks:
- AZO earnings of $3.71B is not sufficient to cover its interest payments.
- AZO's operating cash flow of $3.00B allows it to safely service it's debt of $12.26B.
- AZO profit margin has gone up from 14.5% to 14.6% in the past year.
Failed Financial Due Diligence Checks:
- AZO debt to equity ratio of -4.54 is negative.
- There are more long-term liabilities than short-term assets on the AZO balance sheet.
- Total AZO debt is still negative.
- There are more short-term liabilities than short-term assets on the AZO balance sheet.
Is Autozone stock a Buy, Hold, or Sell, according to analysts?
Out of 11 Wall Street analysts who give forecasts on AZO, the consensus analyst rating on Autozone is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent AZO Analyst Recommendations
Steven Zaccone, a top 23% analyst from Citigroup maintains AZO with a strong buy rating and lowers their AZO price target from $3,420.00 to $3,250.00, on May 22, 2024.
Michael Lasser, a top 6% analyst from UBS maintains AZO with a strong buy rating and lowers their AZO price target from $3,465.00 to $3,340.00, on May 22, 2024.
Scot Ciccarelli, a top 5% analyst from Truist Securities maintains AZO with a strong buy rating and lowers their AZO price target from $3,523.00 to $3,394.00, on May 22, 2024.
David Bellinger, a bottom 4% analyst from Mizuho maintains AZO with a strong buy rating and lowers their AZO price target from $3,450.00 to $3,280.00, on May 22, 2024.
Simeon Gutman, a bottom 1% analyst from Morgan Stanley maintains AZO with a strong buy rating and lowers their AZO price target from $3,100.00 to $3,038.00, on May 22, 2024.
You can dig deeper into what analysts are saying on the Autozone stock forecast page.
Metrics for Advanced AZO Traders
How are AZO Revenues/Earnings doing?
Last year, AZO earnings were $2.63B. During the last 5 year, AZO's earnings have gone up by 21.11% per year. This was faster than the Specialty Retail industry average of 17.67%.
Last year, AZO revenue was $17.98B. In the last five year, AZO's revenue has increased by 9.47% per year. This was faster than the Specialty Retail industry average of 8.89%.
Find out more about AZO's earnings and revenue performance here.
What are AZO executives and large shareholders up to?
In the past year, insiders 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 $8,892.30 worth of AZO shares on Jun 30, 2024.
Dig into more about who owns AZO shares here.
Can I get consistent income from AZO stock?
No, Autozone doesn't provide an income stream by paying out dividends.
AZO Social Trading Data
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders 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 the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given price limit, use a limit order.
Hit the Open button and your broker will place the order.
If you need more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your AZO position
Now that you own some AZO stock, you'll want to stay up-to-date on your shares.
Add AZO to a watchlist to get alerted to the latest events about your AZO stock.
AZO Feed
How to Buy Stock in Autozone
To reiterate, here are the 6 steps for buying Autozone stock:
- Choose where to buy Autozone stock
- Open a brokerage account
- Fund your investment account
- Analyze Autozone stock
- Make your AZO buy order
- Get notifications regarding your AZO position
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep an eye on your investment in Autozone, create a watchlist on WallStreetZen today.
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