Autozone Stock Today

AZO Stock  USD 3,102  22.36  0.72%   

Performance

15 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 5

 
100  
 
Zero
Very Low
AutoZone is selling at 3101.97 as of the 18th of March 2024; that is -0.72 percent decrease since the beginning of the trading day. The stock's open price was 3124.33. AutoZone has under 5 % chance of experiencing financial distress over the next 2 years and had a good performance during the last 90 days. Equity ratings for AutoZone are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of September 2022 and ending today, the 18th of March 2024. Click here to learn more.
Business Domain
Consumer Discretionary Distribution & Retail
IPO Date
1st of April 1991
Category
Consumer Cyclical
Classification
Consumer Discretionary
AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company was founded in 1979 and is based in Memphis, Tennessee. Autozone operates under Specialty Retail classification in the United States and is traded on New York Stock Exchange. The company has 17.31 M outstanding shares of which 390.2 K shares are presently shorted by investors with about 2.14 days to cover. More on AutoZone

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AutoZone Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. AutoZone's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding AutoZone or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, AutoZone's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to AutoZone's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
President CEOPhilip III
Thematic IdeaRetail (View all Themes)
Business ConcentrationAutomotive Retail, Consumer Discretionary Distribution & Retail, Consumer Discretionary, NYSE Composite, SP 500 Index, Retail, Consumer Discretionary, Specialty Retail, Specialty Retail, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Analysts covering AutoZone report their recommendations after researching AutoZone's financial statements, talking to executives and customers, or listening in on AutoZone's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering AutoZone. The AutoZone consensus assessment is calculated by taking the average forecast from all of the analysts covering AutoZone.
Financial Strength
Based on the measurements of operating efficiency obtained from AutoZone's historical financial statements, AutoZone may be sliding down financialy. It has an above-average risk of going through some form of financial straits next quarter. Financial strength of AutoZone is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.10.1634
Way Down
Slightly volatile
Asset Turnover1.521.1989
Significantly Up
Pretty Stable
Gross Profit Margin0.380.5365
Way Down
Pretty Stable
Net Debt2.2 BB
Way Down
Pretty Stable
Total Current Liabilities10.3 B9.8 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total14.3 B13.6 B
Sufficiently Up
Slightly volatile
Total Assets19.3 B18.4 B
Sufficiently Up
Slightly volatile
Total Current Assets8.2 B7.8 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities3.6 B3.4 B
Sufficiently Up
Slightly volatile
AutoZone's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to AutoZone's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
AutoZone's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of AutoZone's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand AutoZone's financial leverage. It provides some insight into what part of AutoZone's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on AutoZone's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how AutoZone deploys its capital and how much of that capital is borrowed.
Liquidity
AutoZone cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 2.92 B in debt. AutoZone has a current ratio of 0.75, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist AutoZone until it has trouble settling it off, either with new capital or with free cash flow. So, AutoZone's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like AutoZone sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for AutoZone to invest in growth at high rates of return. When we think about AutoZone's use of debt, we should always consider it together with cash and equity.

Other Cashflows From Financing Activities

8.13 Billion
AutoZone (AZO) is traded on New York Stock Exchange in USA. It is located in 123 South Front Street, Memphis, TN, United States, 38103 and employs 71,400 people. AutoZone is listed under Automotive Retail category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 54.09 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate AutoZone's market, we take the total number of its shares issued and multiply it by AutoZone's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. AutoZone runs under Specialty Retail sector within Consumer Discretionary industry. The entity has 17.31 M outstanding shares of which 390.2 K shares are presently shorted by investors with about 2.14 days to cover. AutoZone has about 277.05 M in cash with 2.94 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 16.55.
Check AutoZone Probability Of Bankruptcy
Ownership Allocation
AutoZone retains a total of 17.31 Million outstanding shares. The majority of AutoZone outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in AutoZone to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in AutoZone. Please pay attention to any change in the institutional holdings of AutoZone as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check AutoZone Ownership Details

AutoZone Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of AutoZone jumping above the current price in 90 days from now is under 4%. The AutoZone probability density function shows the probability of AutoZone stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon AutoZone has a beta of 0.307. This suggests as returns on the market go up, AutoZone average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding AutoZone will be expected to be much smaller as well. Additionally, the company has an alpha of 0.2191, implying that it can generate a 0.22 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 3101.97HorizonTargetOdds Above 3101.97
96.93%90 days
 3,102 
3.04%
Based on a normal probability distribution, the odds of AutoZone to move above the current price in 90 days from now is under 4 (This AutoZone probability density function shows the probability of AutoZone Stock to fall within a particular range of prices over 90 days) .

AutoZone Stock Institutional Holders

Institutional Holdings refers to the ownership stake in AutoZone that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of AutoZone's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing AutoZone's value.
InstituionRecorded OnShares
Norges Bank2023-12-31
262.4 K
Morgan Stanley - Brokerage Accounts2023-12-31
262 K
First Manhattan Co. Llc2023-12-31
256.5 K
Parnassus Investments, Llc2023-12-31
243.6 K
Stonepine Asset Management Inc.2023-12-31
215 K
Dz Bank Ag Deutsche Zentral-genossenschaftsbank Frankfurt Am Main2023-12-31
212.8 K
Deutsche Bank Ag2023-12-31
198.1 K
Northern Trust Corp2023-12-31
195.7 K
Nordea Investment Mgmt Bank Demark A/s2023-12-31
195.1 K
Vanguard Group Inc2023-12-31
1.7 M
Blackrock Inc2023-12-31
1.3 M
View AutoZone Diagnostics

AutoZone Historical Income Statement

AutoZone Income Statement is one of the three primary financial statements used for reporting AutoZone's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of AutoZone revenue and expense. AutoZone Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, AutoZone's Operating Income is very stable compared to the past year. As of the 18th of March 2024, EBIT is likely to grow to about 4.2 B, though Total Other Income Expense Net is likely to grow to (261.9 M). View More Fundamentals

AutoZone Stock Against Markets

Picking the right benchmark for AutoZone stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in AutoZone stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for AutoZone is critical whether you are bullish or bearish towards AutoZone at a given time. Please also check how AutoZone's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in AutoZone without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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AutoZone Corporate Directors

AutoZone corporate directors refer to members of an AutoZone board of directors. The board of directors generally takes responsibility for the AutoZone's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of AutoZone's board members must vote for the resolution. The AutoZone board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Michael CalbertIndependent DirectorProfile
Enderson GuimaraesIndependent DirectorProfile
Bryan JordanIndependent DirectorProfile
David JordanIndependent DirectorProfile

How to buy AutoZone Stock?

Before investing in AutoZone, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in AutoZone. To buy AutoZone stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of AutoZone. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase AutoZone stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located AutoZone stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased AutoZone stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as AutoZone, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy AutoZone Stock please use our How to Invest in AutoZone guide.

Already Invested in AutoZone?

The danger of trading AutoZone is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of AutoZone is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than AutoZone. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AutoZone is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether AutoZone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AutoZone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Autozone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Autozone Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AutoZone. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.
Note that the AutoZone information on this page should be used as a complementary analysis to other AutoZone's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running AutoZone's price analysis, check to measure AutoZone's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AutoZone is operating at the current time. Most of AutoZone's value examination focuses on studying past and present price action to predict the probability of AutoZone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AutoZone's price. Additionally, you may evaluate how the addition of AutoZone to your portfolios can decrease your overall portfolio volatility.
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Is AutoZone's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AutoZone. If investors know AutoZone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AutoZone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.172
Earnings Share
141.84
Revenue Per Share
999.527
Quarterly Revenue Growth
0.046
Return On Assets
0.1423
The market value of AutoZone is measured differently than its book value, which is the value of AutoZone that is recorded on the company's balance sheet. Investors also form their own opinion of AutoZone's value that differs from its market value or its book value, called intrinsic value, which is AutoZone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AutoZone's market value can be influenced by many factors that don't directly affect AutoZone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AutoZone's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoZone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoZone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.