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 $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.
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. It's the best place to buy AZO stock.
- 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
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Get $10 towards your your purchase of AZO stock by opening an account with eToro now.
Open eToro AccountStep 2: Open a brokerage 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.
How to Set Up a New Investment Account on eToro
- Click here to get started.
- Input your personal data to open your new trading account.
- Submit your information by clicking the "Create Account" button.
Step 3: Fund your investment account
Watch the tutorial below to see the process of transferring funds into your new investment account.
Step 4: Analyze Autozone stock
It's crucial to evaluate stocks prior to buying, so you actually comprehend the risk as well as the upside.
Autozone shares at a glance
AZO Fundamentals
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.
What is the fair value of AZO stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge AZO's intrinsic value.
Using relative valuations ratios:
- AZO could be overvalued based on its P/E ratio of 19.4x, relative to Specialty Retail industry P/E ratio of 15.74x
- AZO may be overvalued based on its PEG ratio of 2.02x
You can do more valuation research on AZO's stock here.
AZO Financial Health
Passed Financial Due Diligence Checks:
- AZO profit margin has gone up from 14.9% to 15.2% in the past year.
- AZO earnings of $3.21B is not sufficient to cover its interest payments.
- AZO's operating cash flow of $3.27B allows it to safely service it's debt of $8.99B.
Failed Financial Due Diligence Checks:
- AZO debt to equity ratio of -5.29 is negative.
- There are more short-term liabilities than short-term assets on the AZO balance sheet.
- Total AZO debt is still negative.
- There are more long-term liabilities than short-term assets on the AZO balance sheet.
Is AZO stock a Buy, Hold, or Sell?
Out of 14 Wall Street analysts who give ratings on AZO, the consensus analyst rating on AZO is a Strong Buy
Should I buy or sell AZO stock?
Based on 14 analysts offering ratings for Autozone Inc.
Latest AZO Analyst Upgrades/Downgrades
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.
AutoZone reported:
For Q4 2022:
- EPS of $40.51 per share, which beat the Zacks Consensus Estimate of $38.38 by 5.6% and Q4 2021’s $35.72 by 13.4%.
- Revenue of $5.35B, which beat the Zacks Consensus Estimate by 4% and Q4 2021’s $4.91B by 9%.
For FY 2022:
- EPS of $117.19, which beat FY 2021’s $95.19 by 23.1%.
- Revenue of $16.3B, which beat FY 2021’s $14.6B by 11.6%.
- Operating expenses, as a percentage of sales, of 32.0%, in line with FY 2021’s 32.6%.
- Opened 118 new stores and closed one in the U.S.
- Opened 39 stores in Mexico and 20 stores in Brazil.
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.
Metrics for Advanced AZO Traders
Is AZO Making Money?
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.
Who is buying/selling AZO?
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.
Does AZO stock generate passive income?
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 highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your AZO buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price, use a limit order.
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:
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 company.
Make a watchlist to track the latest developments regarding your AZO stock.
AZO Feed
How to Buy Stock in Autozone
To summarize, here are the 6 steps to buy stock in Autozone:
- 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 are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest news on your investment in Autozone, add AZO to your watchlist below.
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