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 ...

Although the economy is in excellent shape and stocks are hitting new highs, it’s important to remember that good times don’t last forever. The business cycle ends and that’s when blue-chip stocks to hold become valuable.Despite the calm market environment, there are many lingering threats that could negatively impact the stock market. Recently, JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon has been in the headlines, bringing attention to potential market risks. One major risk is stubborn inflation that causes ...

The transportation sector is vitally important to the economy. With 4.1 million miles of streets and highways, the U.S. has the most extensive road network in the world. Americans continue to love to travel by motor vehicle. In 2023, 75% of the population reported having access to their own car, with an additional 20% of people saying they have access to a company or family car. It wasn’t that long ago that investors were not looking for transportation stocks to buy, but the industry is making a comeback.Th ...

AutoZone, Inc. (NYSE:AZO) Q3 2024 Results Conference Call May 21, 2024 10:00 AM ET Company Participants Phil Daniele - CEO Jamere Jackson - CFO Brian Campbell - VP, IR Conference Call Participants Bret Jordan - Jefferies Christian Carlino - JPMorgan Simeon Gutman - Morgan Stanley Greg Melich - Evercore ISI Scot Ciccarelli - Truist Kate McShane - Goldman Sachs Seth Sigman - Barclays Brian Nagel - Oppenheimer Michael Lasser - UBS Max Rakhlenko - TD Cowen Operator Greetings. Welcome to the AutoZone’s 2024 Q3 E ...

Key PointsAutoZone had a solid quarter, but results are mixed relative to consensus, and shares are pulling back.The uptrend is intact and will likely result in a buy-signal soon. Cash flow and massive share buybacks support the uptrend and point to a new all-time high before year-end. 5 stocks we like better than AutoZoneAutoZone NYSE: AZO share prices are declining because the Q3 results weren’t strong enough. The company says the timing of tax payments and cold weather impacted the results, which are one ...

AutoZone Inc. (AZO) reported earnings of $36.69 per share for third-quarter fiscal 2024 (ended May 4, 2024), up 7.5% year over year. Earnings surpassed the Zacks Consensus Estimate of $35.72 per share. Net sales grew 3.5% year over year to $4,235.5 million. The top line marginally missed the Zacks Consensus Estimate of $4,292 million.In the reported quarter, domestic commercial sales totaled $1.14 billion, up from $1.11 billion recorded in the year-ago period. Domestic same-store sales (sales at stores open ...

For the quarter ended May 2024, AutoZone (AZO) reported revenue of $4.24 billion, up 3.5% over the same period last year. EPS came in at $36.69, compared to $34.12 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.29 billion, representing a surprise of -1.16%. The company delivered an EPS surprise of +2.86%, with the consensus EPS estimate being $35.67.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

EXHIBIT 99.1 AutoZone 3rd Quarter Total Company Same Store Sales Increase 0.9%; Domestic Same Store Sales were flat; EPS Increases to $36.69 MEMPHIS, Tenn., May 21, 2024 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $4.2 billion for its third quarter (12 weeks) ended May 4, 2024, an increase of 3.5% from the third quarter of fiscal 2023 (12 weeks). Same store sales, or sales for our domestic and international stores open at least one year, are as follows: Constant Currency 12 We ...

MEMPHIS, Tenn., May 21, 2024 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $4.2 billion for its third quarter (12 weeks) ended May 4, 2024, an increase of 3.5% from the third quarter of fiscal 2023 (12 weeks). Same store sales, or sales for our domestic and international stores open at least one year, are as follows:        Constant Currency 12 Weeks 12 Weeks*    Domestic0.0% 0.0%International18.1% 9.3%Total Company1.9% 0.9%* Excludes impacts from fluctuations of foreign exchang ...