MEMPHIS, Tenn., June 19, 2024 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), today, announced its Board of Directors authorized the repurchase of an additional $1.5 billion of the Company's common stock in connection with its ongoing share repurchase program. Since the inception of the repurchase program in 1998, and including the above amount, AutoZone's Board of Directors has authorized $39.2 billion in share repurchases. "AutoZone's continuing ability to generate strong free cash flow allows us to incre ...

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. Over the past month, shares of this auto parts retailer have returned -3%, compared to the Zacks S&P 500 composite's +4.2% change. During this period, the Zacks Automotive - Retail and Wholesale - Parts industry, which AutoZone falls in, has lost 3.2%. The key question now is: What could be the stock's future direction? Al ...

For Immediate Release Chicago, IL – June 12, 2024 – Today, Zacks Equity Research discusses O'Reilly Automotive (ORLY) and AutoZone (AZO) Industry: Auto Parts Link: https://www.zacks.com/commentary/2286428/2-auto-parts-retailers-worth-watching-on-industry-strength The Zacks Automotive-Retail and Wholesale-Parts industry is benefiting from ongoing vehicle demand and the increasing age of vehicles. Additionally, the rise of technologically advanced vehicles has increased consumer dependence on professional ser ...

The Zacks Automotive-Retail and Wholesale-Parts industry is benefiting from ongoing vehicle demand and the increasing age of vehicles. Additionally, the rise of technologically advanced vehicles has increased consumer dependence on professional services, creating new opportunities for industry players. To capitalize on these opportunities, auto parts retailers need to devise comprehensive strategies. Effective cost management is crucial in this dynamic market environment. Noteworthy industry participants wo ...

Cash-cow stocks represent a distinctive category in the stock market that retail investors tend to underappreciate. But what are cash-cow stocks?As the name suggests, cash-cow stocks generate substantial, predictable and recurring free cash flow per share. This metric is generally more telling than earnings per share because it provides a clearer picture of the actual cash available for quick deployment, omitting non-cash factors such as depreciation. Free cash flow’s consistency and reliability help invest ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended May 4, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _______ to ________. Commission file number 1-10714 AUTOZONE, INC. (Exact name of registrant as specified in its charter) Nevada 62-1482048 (State or othe ...

MEMPHIS, Tenn., June 05, 2024 (GLOBE NEWSWIRE) -- AutoZone (NYSE:AZO) recognized 17 of its top suppliers at their annual Vendor Summit. The awards honor companies that provided exceptional performance and demonstrated a strong commitment to customer satisfaction during the past year. AutoZone awarded JK Fenner the 2024 Vendor of the Year, the highest vendor honor from the company. JK Fenner is a leader in Mechanical Power Transmission products and was praised for providing outstanding customer service, prio ...

Core Insights - AutoZone recognized 17 top suppliers at their annual Vendor Summit, highlighting exceptional performance and commitment to customer satisfaction [1][2][3] Group 1: Awards and Recognitions - JK Fenner was awarded the 2024 Vendor of the Year for outstanding customer service and commitment to product availability [1] - Seven vendors received the Extra Miler award for exceptional customer satisfaction and overcoming obstacles: Baofeng, Bearing-Tech, Encore, Gold, Highline Warren, True Parts Inc., and Valvoline [2] - Great Neck Saw Manufacturers, Inc. received The Ray of Hope award for community contributions, specifically for donations to the Boys & Girls Club of Greater Memphis [2] - Reach Cooling was honored with the International Vendor of Excellence Award for their international market insights and training programs [2] - Seven vendors received the WITTDTJR® awards for enhancing the customer journey through product innovations and training investments: hitt BRANDS, Motorcar Parts of America, Moveras, Robert Bosch, LLC, Stryten Energy, Technical Chemical Company, and The NOCO Company [3] Group 2: Company Growth and Operations - During the quarter ended May 4, 2024, AutoZone opened 32 new stores in the U.S., 12 in Mexico, and one in Brazil, totaling 45 net new stores [4] - As of May 4, 2024, AutoZone operates 6,364 stores in the U.S., 763 in Mexico, and 109 in Brazil, amounting to a total of 7,236 stores [4] - AutoZone is a leading retailer and distributor of automotive replacement parts and accessories in the Americas, offering a wide range of products for various vehicle types [5]

AutoZone (AZO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this auto parts retailer have returned -6.2% over the past month versus the Zacks S&P 500 composite's +5.1% change. The Zacks Automotive - Retail and Wholesale - Parts industry, to which AutoZone belongs, has lost 4.4% over this period. Now the key question is: Where could the stock be headed ...

Key PointsAdvance Auto Parts management is focusing on what matters during stagflation: cost savings and free cash flow.Recent first quarter 2024 financials show that initiatives are already making a change in the company's financials, and analysts have taken not.Trading at a significant discount to peers, this stock could see brighter days ahead now that smart money is coming in.5 stocks we like better than CarvanaManagement at Advance Auto Parts Inc. NYSE: AAP is looking to reinvent itself this year, or a ...