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AZO Stock Declines 2.69% Amid Broader Retail Sector Weakness
Gurufocus· 2024-10-02 20:13
AutoZone (AZO, Financial) experienced a sharp stock 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%. The stock exhibited a volatility of 3.12%. Recent financial reports reveal that AutoZone achieved revenues of $18.49 billion, with a net profit of $2.662 billion. The earnings per share stood at $153.82, gross profit at $9.817 billion, and a price-to-earnings ratio of 20.73. In terms of institutional ratings, out of 26 institution ...
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 ...
Wall Street Analysts Think AutoZone (AZO) Is a Good Investment: Is It?
ZACKS· 2024-09-25 14:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about AutoZone (AZO) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.AutoZone currently has an average ...
AutoZone: Likely To Remain A Long-Term Winner
Seeking Alpha· 2024-09-25 10:30
AutoZone, Inc. (NYSE: AZO ) has been a terrific investment over the last 10 years, outperforming the S&P 500 ( SPY ) thanks to excellent capital allocation. Using FCF to aggressively buy back shares has really paid My primary area of concentration will be on identifying companies of exceptional caliber, with a proven ability to reinvest capital for impressive returns. Targeting those with a market capitalization of less than $10 billion, affords ample opportunities for growth. The ideal scenario is for thes ...
AutoZone(AZO) - 2024 Q4 - Earnings Call Transcript
2024-09-24 17:34
AutoZone, Inc. (NYSE:AZO) Q4 2024 Earnings Conference Call September 24, 2024 10:00 AM ET Company Participants Brian Campbell - Vice President, Treasurer, Investor Relations & Tax Phil Daniele - Chief Executive Officer Jamere Jackson - Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Bret Jordan - Jefferies Chris Horvers - JPMorgan Steven Forbes - Guggenheim Securities Robbie Ohmes - Bank of America Michael Lasser - UBS Michael Baker - D.A. Davidson Zach Fadem - Wells Farg ...
Why Autozone Stock Slumped on Tuesday
The Motley Fool· 2024-09-24 17:20
The auto parts retailer turned in a ho-hum quarter.Shares of auto parts retailer Autozone (AZO -1.26%) were trading 1.5% lower as of 12:40 p.m. ET Tuesday after reporting misses on both the top and bottom lines for its fiscal fourth quarter. Earlier in the session, the stock had been down by as much as 4.9%Heading into its earnings report Tuesday morning, analysts had forecast Autozone would report a $53.53 per share profit on just over $6.2 billion in sales. Autozone came close to hitting the sales estimat ...
AutoZone: Stay Long, It Continues To Be A Winner
Seeking Alpha· 2024-09-24 16:39
AutoZone, Inc. (NYSE: AZO ) is still one of our favorite long-term holdings. After all of this time, the story just has not changed. The reason we love AutoZone is that the company is a compounder that Looking for gains? Get our best ideas, and do so before prices rise! We invite you to try our service before prices go up October 1st by $150 a year. And if you act now and you can lock in 75% of savings versus the $1,668 some members pay, for our fall sale which will end this week. Get direct access to our f ...
AutoZone Results Impacted by Consumer Discretionary Spending Woes
Investopedia· 2024-09-24 16:00
Key TakeawaysAutoZone missed fourth-quarter profit and sales estimates as higher costs and weaker consumer discretionary spending hurt results.Domestic same-store sales were up just 0.2%, but they jumped 4.9% internationally.AutoZone added 117 new stores in the quarter. Auto parts retailer AutoZone (AZO) posted worse-than-expected quarterly results Tuesday as costs rose and the company faced a decline in American customers' discretionary spending. However, it got a boost from store expansion. AutoZone repor ...