AutoZone Stock Gaps Lower After Quarterly Profit Miss

Core Insights - AutoZone Inc (NYSE:AZO) shares fell 2.9% to $3,990 after missing fiscal fourth-quarter earnings expectations, although revenue exceeded estimates and same-store sales growth was strong [1] Financial Performance - Revenue surpassed expectations despite the earnings miss, indicating strong operational performance [1] - The stock is experiencing a pullback from its all-time high of $4,388.11 on September 11, and has dropped to its lowest level since mid-August, yet still shows a 33.4% year-over-year increase [2] Market Sentiment - The brokerage community remains largely bullish on AutoZone, with 23 out of 27 firms rating it a "buy" or better, while the remainder holds a "hold" rating [2] - Trading activity has increased, with 300 calls and 284 puts exchanged, which is double the typical volume, indicating heightened interest in options [2] Volatility Considerations - The stock has shown a tendency to underperform expectations in recent months, as indicated by a low Schaeffer's Volatility Scorecard (SVS) rating of 1 out of 100 [3]