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Here's Why AutoZone (AZO) Fell More Than Broader Market
ZACKS· 2024-10-22 23:06
In the latest market close, AutoZone (AZO) reached $3,172.05, with a -1.44% movement compared to the previous day. The stock fell short of the S&P 500, which registered a loss of 0.05% for the day. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.18%.Shares of the auto parts retailer have appreciated by 5.56% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 1.71% and the S&P 500's gain of 2.76%.The investment community will be closely monitorin ...
Is Most-Watched Stock AutoZone, Inc. (AZO) Worth Betting on Now?
ZACKS· 2024-10-22 14:06
AutoZone (AZO) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this auto parts retailer have returned +5.6% over the past month versus the Zacks S&P 500 composite's +2.8% change. The Zacks Automotive - Retail and Wholesale - Parts industry, to which AutoZone belongs, has gained 6.5% over this period. Now the key question is: Where could the stock be headed in the near term?Al ...
Genuine Parts 2.8% Yield And A Look At AutoZone, Advance Auto Parts And O'Reilly
Seeking Alpha· 2024-10-17 13:41
Consumer cyclical / discretionary sector is where these 4 auto part companies reside. The largest and most wellknown are listed in the chart below. The following abbreviations are used: Macro Trading Factory is a macro-driven service, run by a team of experienced investment managers. The service offers two portfolios: "Funds Macro Portfolio" & "Rose's Income Garden"; both aim to outperform the SPY on a risk-adjusted basis, in a relaxed manner. Suitable for those who either have little time/knowledge/desire ...
AutoZone (AZO) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-10-15 23:06
AutoZone (AZO) ended the recent trading session at $3,100, demonstrating a -1.68% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.76%. Meanwhile, the Dow lost 0.75%, and the Nasdaq, a tech-heavy index, lost 1.01%. Coming into today, shares of the auto parts retailer had gained 1.68% in the past month. In that same time, the Retail-Wholesale sector gained 3.42%, while the S&P 500 gained 4.31%. The upcoming earnings release of AutoZone will be of gr ...
AutoZone (AZO) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-10-09 23:05
AutoZone (AZO) closed the latest trading day at $3,146.07, indicating a +1.42% change from the previous session's end. This change outpaced the S&P 500's 0.71% gain on the day. Meanwhile, the Dow gained 1.03%, and the Nasdaq, a tech-heavy index, added 0.6%.The auto parts retailer's shares have seen a decrease of 0.96% over the last month, not keeping up with the Retail-Wholesale sector's gain of 8.01% and the S&P 500's gain of 6.41%.Analysts and investors alike will be keeping a close eye on the performance ...
AutoZone: Buy On Weakness Pattern (Technical Analysis)
Seeking Alpha· 2024-10-03 13:16
Group 1 - The article discusses the potential for a long position in AZO, indicating a favorable outlook for the stock in the near term [1] - The author expresses personal opinions and does not have any current positions in the mentioned companies, suggesting an unbiased perspective [1] - The article emphasizes the importance of conducting due diligence before making investment decisions, highlighting the educational purpose of the content [2][3] Group 2 - The content does not provide specific financial data or performance metrics related to the companies mentioned, focusing instead on the author's views and investment intentions [1][2][3] - There is no detailed analysis of market trends or industry developments provided in the article [1][2][3]
AZO Stock Declines 2.69% Amid Broader Retail Sector Weakness
GuruFocus· 2024-10-02 20:13
Company Overview - AutoZone Inc. is a leading retailer of automotive aftermarket parts in the United States, operating over 6,300 stores domestically and serving both DIY customers and commercial clients [2] - The company provides a wide range of products for various car brands and models through an extensive store network and distribution system, with over 750 stores in Mexico and more than 100 stores in Brazil [2] Financial Performance - AutoZone achieved revenues of $18.49 billion, with a net profit of $2.662 billion [1] - The earnings per share stood at $153.82, gross profit at $9.817 billion, and a price-to-earnings ratio of 20.73 [1] - The stock experienced a sharp decline of 2.69%, bringing the price to $3087.55 per share with a trading volume of 66,201 shares and a turnover rate of 0.39% [1] Institutional Ratings - Out of 26 institutions, 81% recommended buying the stock while 19% advised holding it, with none recommending selling [1]
Why AutoZone Stock Could Be Your Next Top Performer
MarketBeat· 2024-09-26 11:00
AutoZone TodayAZOAutoZone$3,108.97 +65.00 (+2.14%) 52-Week Range$2,375.35▼$3,256.37P/E Ratio21.50Price Target$3,169.38Add to WatchlistWhen companies announce their quarterly earnings results, they can often get sucked into the market's price action for that day, especially if other news or economic data come in to trump the importance of the quarterly release for that stock. That is the case today with shares of AutoZone Inc. NYSE: AZO, as the company reported its latest quarterly results on a day when U.S. ...
Tradepulse Power Inflow Alert: Autozone Inc. Climbs Over 100 Points After Signal
Benzinga· 2024-09-25 16:10
STOCK RISES QUICKLY AFTER THE SIGNAL AT 10:17 AM AND HITS THE HIGH OF THE DAY AT 10:55 AM EDTToday, TradePulse’s latest Power Inflow alert indicated institutional volume is coming into AutoZone Inc. AZO, signaling a shift from net selling to buying. This shift is a key indicator of rising investor confidence and the potential for an uptrend in AZO’s stock.At 10:17 AM ET on SEPTEMBER 24th, AZO registered a Power Inflow at a price of $2987.80. Following this signal, the stock reached its high point at 10:55 A ...
AutoZone Q4 Earnings Miss Expectations, Sales Increase Y/Y
ZACKS· 2024-09-25 15:05
AutoZone Inc. (AZO) reported earnings of $48.11 per share for fourth-quarter fiscal 2024 (ended Aug. 31, 2024), up 3.5% year over year. However, earnings missed the Zacks Consensus Estimate of $53.31 per share. Net sales grew 9% year over year to $6.20 billion. The top line surpassed the Zacks Consensus Estimate of $6.18 billion.In the reported quarter, domestic commercial sales totaled $1.66 billion, up from $1.50 billion recorded in the year-ago period. Domestic same-store sales (sales at stores open at l ...