The Latest Breaking News from AutoZone

Upgrades

Morgan Stanley analyst Simeon Gutman upgraded AutoZone Inc (NYSE:AZO) to Overweight from Equal Weight and raised the price target to $2,420 from $2,125, suggesting an upside of 20.16%. The analyst said the stock has an attractive 3:1 bull/bear skew. Simeon is confident of AutoZone’s continuation of sales and earnings growth. The analyst said he favors…

AutoZone stock is showing relative price strength as the auto parts retailer manages to combat cost inflation.

AutoZone (NYSE:AZO) has outperformed the market over the past 10 years by 6.72% on an annualized basis producing an average annual return of 18.66%. Currently, AutoZone has a market capitalization of $41.50 billion.

With Amazon.com, Inc’s (NASDAQ: AMZN) 20:1 stock split in the rearview, the company no longer ranks as the fourth most-expensive stock in the world. Shares closed on Friday with a value of $2,447 — and the markets opened Monday with shares priced at a mere $122.

The S&P Retail Select Industry Index has dropped 27% year to date. But Wells Fargo analysts see some opportunities.

A whale with a lot of money to spend has taken a noticeably bearish stance on AutoZone. Looking at options history for AutoZone (NYSE:AZO) we detected 17 strange trades.

AutoZone (NYSE:AZO) has outperformed the market over the past 5 years by 16.25% on an annualized basis producing an average annual return of 27.42%. Currently, AutoZone has a market capitalization of $40.58 billion.

AutoZone Inc (NYSE:AZO) reported third-quarter FY22 sales growth of 5.9% year-on-year, to $3.87 billion, beating the consensus of $3.71 billion. EPS of $29.03 beat the analyst consensus of $26.05.  Domestic same-store sales for the quarter increased 2.6%. The gross margin decreased 54 basis points Y/Y to 51.91%. The operating margin was 20.1%, and…

The Dow Jones Industrial Average dropped Tuesday, as Snap stock plunged 39% after issuing a profit and sales warning for the second quarter.

  AutoZone (NYSE:AZO) reported its Q3 earnings results on Tuesday, May 24, 2022 at 06:55 AM. Here's what investors need to know about the announcement.