AutoZone (AZO) Stock Price, News & Analysis

Company Overview

AutoZone, Inc. retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. It also offers A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs. In addition, the company provides maintenance products, such as antifreeze and windshield washer fluids; brake drums, rotors, shoes, and pads; brake and power steering fluids, and oil and fuel additives; oil and transmission fluids; oil, cabin, air, fuel, and transmission filters; oxygen sensors; paints and accessories; refrigerants and accessories; shock absorbers and struts; spark plugs and wires; and windshield wipers. Further, it offers air fresheners, cell phone accessories, drinks and snacks, floor mats and seat covers, interior and exterior accessories, mirrors, performance products, protectants and cleaners, sealants and adhesives, steering wheel covers, tools, vehicle entertainment systems, and wash and wax products, as well as towing services. Additionally, the company provides a sales program that offers commercial credit and delivery of parts and other products; sells automotive diagnostic and repair software under the ALLDATA brand through alldata.com and alldatadiy.com; and automotive hard parts, maintenance items, accessories, and non-automotive products through autozone.com. AutoZone, Inc. was founded in 1979 and is headquartered in Memphis, Tennessee.

Key Stats

• Today's Range: $3,104.36 to $3,164.73
• 50-Day Range: $2,981.19 to $3,218.48
• 52-Week Range: $2,510.00 to $3,256.37
• Volume: 206,019 shs
• Average Volume: 138,625 shs
• Market Capitalization: $52.68 billion
• P/E Ratio: 20.82
• Dividend Yield: N/A
• Price Target: $3,202.71
• Consensus Rating: Buy

AutoZone Stock Analysis - MarketRank™

AutoZone scored higher than 91% of companies evaluated by MarketBeat, and ranked 52nd out of 208 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

AutoZone has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 14 buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

AutoZone has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 12.15%

Earnings Growth

Earnings for AutoZone are expected to grow by 12.15% in the coming year, from $158.09 to $177.30 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of AutoZone is 20.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.86.

Price to Earnings Ratio vs. Sector

The P/E ratio of AutoZone is 20.82, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 120.94.

Price to Earnings Growth Ratio

AutoZone has a PEG Ratio of 1.57. PEG Ratios above 1 indicate that a company could be overvalued.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.02% of the float of AutoZone has been sold short.

Short Interest Ratio / Days to Cover

AutoZone has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AutoZone has recently decreased by 20.02%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

AutoZone does not currently pay a dividend.

Dividend Growth

AutoZone does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 1.5 / 5
• Environmental Score: -1.59

Percentage of Shares Shorted

2.02% of the float of AutoZone has been sold short.

Short Interest Ratio / Days to Cover

AutoZone has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AutoZone has recently decreased by 20.02%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.29

News Sentiment

AutoZone has a news sentiment score of 1.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.73 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 19 news articles for AutoZone this week, compared to 13 articles on an average week.

Search Interest

12 people have searched for AZO on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.

MarketBeat Follows

Only 8 people have added AutoZone to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, AutoZone insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $46,225,660.00 in company stock.

Percentage Held by Insiders

Only 2.10% of the stock of AutoZone is held by insiders.

Percentage Held by Institutions

92.74% of the stock of AutoZone is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AZO Stock Analysis - Frequently Asked Questions

How have AZO shares performed this year?

AutoZone's stock was trading at $2,585.61 at the start of the year. Since then, AZO shares have increased by 20.6% and is now trading at $3,116.96.
View the best growth stocks for 2024 here.

How were AutoZone's earnings last quarter?

AutoZone, Inc. (NYSE:AZO) posted its earnings results on Tuesday, September, 24th. The company reported $48.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $53.31 by $5.20. The business's quarterly revenue was up 9.0% on a year-over-year basis.
Read the conference call transcript.

Does AutoZone have any subsidiaries?

The following companies are subsidiaries of AutoZone: Interamerican Motor Corporation, AutoAnything, AutoZone West, Auto Palace, Alldata, ALLDATA LLC, AutoZone.com Inc., and more.

Who are AutoZone's major shareholders?

Top institutional shareholders of AutoZone include International Assets Investment Management LLC (5.82%), State Street Corp (4.14%), Fiera Capital Corp (2.50%) and Geode Capital Management LLC (2.50%). Insiders that own company stock include William C Rhodes III, George R Mrkonic Jr, Charles Pleas III, Richard Craig Smith, Thomas B Newbern, John Scott Murphy, Eric S Gould, Philip B Daniele, Preston Frazer, Albert Saltiel, K Michelle Borninkhof, Brian Hannasch, Dennis W Leriche, Grant E Mcgee, Kristen C Wright, Domingo Hurtado, Jenna M Bedsole and William R Hackney.
View institutional ownership trends.

How do I buy shares of AutoZone?

Shares of AZO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of AutoZone own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AutoZone investors own include Xtrackers California Municipal Bond ETF (CA), Chipotle Mexican Grill (CMG), Hawkins (HWKN), NVIDIA (NVDA), Endologix (ELGX), BlackRock (BLK) and Meta Platforms (META).

Company Calendar

• Last Earnings: 9/24/2024
• Today: 11/26/2024
• Next Earnings (Estimated): 12/03/2024
• Fiscal Year End: 8/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: Auto & home supply stores
• Sub-Industry: Automotive Retail
• Current Symbol: NYSE:AZO
• CUSIP: 05333210
• CIK: 866787
• Web: www.autozone.com
• Phone: (901) 495-6500
• Fax: 901-495-8300
• Employees: 126,000
• Year Founded: 1979

Price Target and Rating

• Average Stock Price Target: $3,202.71
• High Stock Price Target: $3,634.00
• Low Stock Price Target: $2,600.00
• Potential Upside/Downside: +2.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 21 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $149.71
• Trailing P/E Ratio: 20.82
• Forward P/E Ratio: 19.72
• P/E Growth: 1.57
• Net Income: $2.66 billion
• Net Margins: 14.40%
• Pretax Margin: 18.05%
• Return on Equity: -52.99%
• Return on Assets: 15.46%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.84
• Quick Ratio: 0.13

Sales & Book Value

• Annual Sales: $18.49 billion
• Price / Sales: 2.85
• Cash Flow: $186.20 per share
• Price / Cash Flow: 16.74
• Book Value: ($278.04) per share
• Price / Book: -11.21

Miscellaneous

• Outstanding Shares: 16,900,000
• Free Float: 16,549,000
• Market Cap: $52.68 billion
• Optionable: Optionable
• Beta: 0.71