AutoZone(AZO)

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Here's Why AutoZone Stock Hit a New All-Time High Today
The Motley Fool· 2024-02-27 19:39
Shares of auto-parts retail chain AutoZone (AZO 6.52%) hit new all-time highs on Tuesday after the company reported financial results for its fiscal second quarter of 2024. As of 1:45 p.m. ET, AutoZone stock was up almost 6%.Another good quarter for shareholdersIn Q2 (which ended on Feb. 10), AutoZone generated net sales of $3.9 billion, which was up almost 5% from the same quarter of last year. The growth came from opening new stores and a modest 3% increase in same-store sales.AutoZone's sales were basica ...
Autozone stock price is still in the rally zone
MarketBeat· 2024-02-27 17:51
Key PointsAutozone issued a solid Q2 report that sent shares higher, confirming the uptrend in price action. Share repurchases aided the outlook and reduced the share count by 8% in the last 12 months. Analysts and institutions are committed to this stock.5 stocks we like better than AutoZoneAutozone NYSE: AZO shares surged following the FQ2 report, confirming the uptrend is intact. Because the news aligns with the outlook for growth and capital returns, the trend will likely continue through 2024. The tech ...
AutoZone (AZO) Q2 Earnings & Sales Beat Estimates, Rise Y/Y
Zacks Investment Research· 2024-02-27 17:30
AutoZone Inc. (AZO) reported earnings of $28.89 per share for second-quarter fiscal 2024 (ended Feb 10, 2024), up 17.2% year over year. Earnings surpassed the Zacks Consensus Estimate of $26.08 per share.Net sales grew 4.6% year over year to $3.86 billion. The top line marginally surpassed the Zacks Consensus Estimate of $3.85 billion.In the reported quarter, domestic commercial sales totaled $980.1 million, up from $954.6 million recorded in the year-ago period. Domestic same-store sales (sales at stores o ...
AutoZone(AZO) - 2024 Q2 - Earnings Call Transcript
2024-02-27 16:28
AutoZone, Inc. (NYSE:AZO) Q2 2024 Earnings Conference Call February 27, 2024 10:00 AM ET Company Participants Phil Daniele - President & Chief Executive Officer Jamere Jackson - Chief Financial Officer Conference Call Participants Chris Horvers - JPMorgan Bret Jordan - Jefferies Michael Lasser - UBS Scot Ciccarelli - Truist Simeon Gutman - Morgan Stanley Seth Sigman - Barclays Steven Forbes - Guggenheim Securities Greg Melich - Evercore ISI Max Rakhlenko - TD Cowen Brian Nagel - Oppenheimer Operator Greetin ...
AutoZone (AZO) Reports Q2 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-02-27 15:36
For the quarter ended February 2024, AutoZone (AZO) reported revenue of $3.86 billion, up 4.6% over the same period last year. EPS came in at $28.89, compared to $24.64 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.85 billion, representing a surprise of +0.15%. The company delivered an EPS surprise of +10.77%, with the consensus EPS estimate being $26.08.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...
AutoZone(AZO) - 2024 Q2 - Earnings Call Presentation
2024-02-27 15:29
2nd Quarter Earnings Release, FY2024 AUTOZONE, INC., © 2024 ALL RIGHTS RESERVED. Forward-Looking Statements Certain statements contained herein constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements typically use words such as “believe,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,” “project,” “positioned,” “strategy,” “seek,” “may,” “could” and similar expressions. The ...
AutoZone (AZO) to Report Q2 Earnings: Here's What to Expect
Zacks Investment Research· 2024-02-26 14:56
AutoZone (AZO) is slated to release second-quarter fiscal 2024 results on Feb 27, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at $26.08 per share and $3.85 billion, respectively.The Zacks Consensus Estimate for AZO’s fiscal second-quarter earnings per share has moved down 10 cents in the past seven days. The bottom-line projection indicates year-over-year growth of 5.84%. The Zacks Consensus Estimate for quarterly revenues implies a ...
Why AutoZone (AZO) is a Top Value Stock for the Long-Term
Zacks Investment Research· 2024-02-14 15:41
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AutoZone: An Intriguing Growth Stock For The Watch List
Seeking Alpha· 2024-02-10 12:30
The exterior of an AutoZone store. TennesseePhotographerIn investing, there is no one-size-fits-all approach. Some investors may prefer growth, some may prefer value/dividends, and others may take a passive approach and buy index funds. These are all strategies that have made many investors rich over the long run. Today, I am going to diverge from my usual coverage of dividend growth stocks a bit to examine a growth stock. That is one of the world's largest aftermarket auto parts and accessories retailers ...
Are Retail-Wholesale Stocks Lagging AutoZone (AZO) This Year?
Zacks Investment Research· 2024-02-05 15:43
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. AutoZone (AZO) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.AutoZone is a member of the Retail-Wholesale sector. This group includes ...