What is the forecast for AutoZone stock?
The average price target for AutoZone is $3,316.44. This is based on 18 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $3,600.00 ,the lowest forecast is $3,025.00. The average price target represents 12.58% Increase from the current price of $2,945.98.
AutoZone stock has received a consensus rating of buy. The average rating score is and is based on 50 buy ratings, 11 hold ratings, and 1 sell ratings.
The AutoZone stock price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. Based on the current trend the price of AZO stock is predicted to drop by -0.71% tomorrow and gain 0.56% in the next 7 days.
1. Strong fundamental performance. AutoZone's stock performance can be credited to fundamental strength. The company's revenue and net income have increased at annualized rates of 6.8% and 10.3%, respectively, in the last 10 years.
Largest shareholders include Vanguard Group Inc, BlackRock Inc., Jpmorgan Chase & Co, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Fiera Capital Corp, Fmr Llc, VFINX - Vanguard 500 Index Fund Investor Shares, Royal Bank Of Canada, and Geode Capital Management, Llc . AutoZone, Inc.
Strong fundamental performance
AutoZone's stock performance can be credited to fundamental strength. The company's revenue and net income have increased at annualized rates of 6.8% and 10.3%, respectively, in the last 10 years.
Total debt on the balance sheet as of February 2024 : $11.82 B. According to AutoZone's latest financial reports the company's total debt is $11.82 B. A company's total debt is the sum of all current and non-current debts.
AZO Stock 12 Month Forecast
Based on 18 Wall Street analysts offering 12 month price targets for AutoZone in the last 3 months. The average price target is $3,316.44 with a high forecast of $3,600.00 and a low forecast of $3,025.00. The average price target represents a 10.97% change from the last price of $2,988.51.
AutoZone has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 12 buy ratings, 4 hold ratings, and no sell ratings.
AZO is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors. AZO has a Growth Style Score of A, forecasting year-over-year earnings growth of 13.6% for the current fiscal year.
Is AutoZone doing well?
Another good quarter for shareholders
10), AutoZone generated net sales of $3.9 billion, which was up almost 5% from the same quarter of last year. The growth came from opening new stores and a modest 3% increase in same-store sales.
AutoZone gross profit for the twelve months ending February 29, 2024 was $9.439B, a 8.66% increase year-over-year. AutoZone annual gross profit for 2023 was $9.07B, a 7.06% increase from 2022.
AutoZone paid $3.3 million to settle a lawsuit by the families of a family who was killed due to being rear-ended by an AutoZone-owned truck. The suit alleges that AutoZone was negligent in training the driver of the truck.
AutoZone easily beat earnings and sales estimates for its fiscal fourth quarter but the stock was falling after sales in the company's domestic commercial division came up short. AutoZone (ticker: AZO) posted fourth-quarter earnings of $46.46 a share, rising from a year ago and beating Wall Street's estimate of $45.17.
The most recent stock split occured on April 21st, 1994. One AZO share bought prior to February 3rd, 1992 would equal to 4 AZO shares today.
The auto parts retailer hasn't discussed any plans to do so. However, AutoZone has split its stock twice in the past. On Feb. 3, 1992, the company conducted a 2-for-1 stock split.
Earnings are expected to grow 13.8% year-over-year for the current fiscal year, with sales growth of 6.9%. 10 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $2.79 to $150.56 per share. AZO boasts an average earnings surprise of 8.9%.
1999. AutoZone debuted on the Fortune 500 list.
AutoZone annual net income for 2023 was $2.528B, a 4.07% increase from 2022. AutoZone annual net income for 2022 was $2.43B, a 11.95% increase from 2021. AutoZone annual net income for 2021 was $2.17B, a 25.24% increase from 2020.
AutoZone's likelihood of distress is under 11% at this time. It has tiny risk of undergoing some form of financial crunch in the near future. Odds of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions.
Who is bigger Advance or AutoZone?
AutoZone has 5,384 North American company-owned stores, including 402 company-owned stores in Mexico. Advance Auto Parts, which does not have any company owned stores in Mexico, has 5,261 in North America.
The Vanguard Group, Inc. owns AutoZone, but a number of companies hold a stake in AutoZone. Here is a list of some of the top companies that are AutoZone stockholders and their stake percentages: The Vanguard Group, Inc.
According to AutoZone's latest financial reports and stock price the company's current number of shares outstanding is 17,319,000. At the end of 2024 the company had 17,319,000 shares outstanding. The number of outstanding shares is usually impacted by stock plits and shares buy back.
Experts don't know exactly how AZO, which is a type of dye designed to build up in the bladder, works. But it's thought to provide pain relief by blocking nerve cells that line the bladder and urinary tract.
This medication is used to relieve symptoms caused by irritation of the urinary tract such as pain, burning, and the feeling of needing to urinate urgently or often. This drug does not treat the cause of the urinary irritation, but it can help relieve the symptoms while other treatments take effect.
