Core Viewpoint - AutoZone's recent earnings report showed mixed results, with earnings per share missing expectations while net sales exceeded estimates, indicating potential challenges ahead for the company [2][5]. Financial Performance - AutoZone reported earnings of $48.11 per share for Q4 fiscal 2024, a 3.5% increase year over year, but below the Zacks Consensus Estimate of $53.31 per share [2]. - Net sales grew 9% year over year to $6.20 billion, surpassing the Zacks Consensus Estimate of $6.18 billion [2]. - Domestic commercial sales reached $1.66 billion, up from $1.50 billion in the prior year, while domestic same-store sales increased by 0.2% [2]. - Gross profit rose to $3.26 billion from $3 billion in the prior year, and operating profit increased by 5.7% year over year to $1.29 billion [2]. Store Expansion and Inventory - During the quarter, AutoZone opened 68 new stores in the U.S., 31 in Mexico, and 18 in Brazil, bringing the total store count to 7,353 as of August 31, 2024 [3]. - Inventory increased by 6.8% year over year, with inventory per store at $837,000 compared to $807,000 a year ago [3]. Financial Position and Share Repurchases - As of August 31, 2024, AutoZone had cash and cash equivalents of $298.2 million, up from $277.1 million a year earlier, while total debt rose to $9 billion from $7.67 billion [4]. - The company repurchased 244,000 shares for $710.6 million during the fiscal fourth quarter at an average price of $2,915 per share, with $2.2 billion remaining under its current share repurchase authorization [4]. Market Sentiment and Estimates - There has been a downward trend in fresh estimates for AutoZone, with the consensus estimate shifting down by 6.37% [5]. - AutoZone currently holds a subpar Growth Score of D and a Momentum Score of F, but a grade of B on the value side, resulting in an aggregate VGM Score of C [6]. - The stock has a Zacks Rank of 3 (Hold), indicating expectations for an in-line return in the coming months [6].

The latest trading session saw AutoZone (AZO) ending at $3,196.55, denoting a +0.77% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.92% for the day. Elsewhere, the Dow lost 0.96%, while the tech-heavy Nasdaq lost 1.6%.Shares of the auto parts retailer witnessed a gain of 4.21% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 1.69% and the S&P 500's gain of 2.68%.Market participants will be closely following t ...

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 ...

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 ...

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) 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) 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 ...

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]

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]

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. ...