AutoZone Story

AZO -- USA Stock

USD 1,227 19.25 1.54%

Macroaxis Story

While some millenniums are indifferent towards consumer cyclical space, it makes sense to outline AutoZone in terms of its current potentials. As we have suggested previously, AutoZone is beginning its slide as institutional investors shift to be more bearish due to the increased sector volatility. The returns on the market and returns on AutoZone appear somewhat sensitive to each other for the last few months. Persistent basic indicators of the company may also entail signals of long-standing gains for AutoZone institutional investors. AutoZone is scheduled to announce its earnings tomorrow. The upcoming quarterly report is expected on the 8th of December 2020.

Published over a month ago

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Is AutoZone (NYSE:AZO) outlook positive for January?

AutoZone's average rating is Buy from 16 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on AutoZone market sentiment investors' perception of the future value of AutoZone. Let us look at a few aspects of AutoZone technical analysis.

Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of AutoZone. In general, we focus on analyzing AutoZone stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build AutoZone's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of AutoZone's intrinsic value. In addition to deriving basic predictive indicators for AutoZone, we also check how macroeconomic factors affect AutoZone price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of AutoZone's stock price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of AutoZone in the context of predictive analytics.

Please note, it is not enough to conduct a financial or market analysis of a single entity such as AutoZone. Your research has to be compared to or analyzed against AutoZone's peers to derive any actionable benefits. When done correctly, AutoZone's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in AutoZone.

How does AutoZone Stands against Peers?

Analyzing AutoZone competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to AutoZone across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.

Check out AutoZone Competition Details

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for AutoZone, but it might be worth checking our own buy vs. sell analysis

Sale by Mitchell Major of tradable shares of AutoZone

Legal trades by AutoZone insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:

AutoZone insider trading alert for sale of common stock by Mitchell Major, Sr. Vice President, on 18th of January 2021. This event was filed by Autozone Inc with SEC on 2021-01-11. Statement of changes in beneficial ownership - SEC Form 4. Mitchell Major currently serves as senior vice president ? supply chain, customer satisfaction of AutoZone [view details]

Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Breaking down AutoZone Indicators

The entity has a beta of 0.5285. Let's try to break down what AutoZone's beta means in this case. AutoZone returns are very sensitive to returns on the market. As the market goes up or down, AutoZone is expected to follow. The beta indicator helps investors understand whether AutoZone moves in the same direction as the rest of the market, and how volatile (i.e., risky) it is compared to the market (i.e., selected benchmark). In other words, if AutoZone deviates very little from the market, it does not add much risk to the portfolio, but it also doesn't increase the expected returns. The firm reported the last year's revenue of 12.63 B. Total Income to common stockholders was 1.73 B with profit before taxes, overhead, and interest of 6.77 B.

AutoZone has 82 percent chance to finish above $1134 in January

The jensen alpha is down to -0.14 as of today. AutoZone exhibits very low volatility with skewness of -0.29 and kurtosis of -0.11. However, we advise investors to further study AutoZone technical indicators to make sure all market info is available and is reliable.

The Bottom Line

Whereas some firms in the specialty retail industry are either recovering or due for a correction, AutoZone may not be as strong as the others in terms of longer-term growth potentials. While some institutional investors may not share our view, we believe it may be a good time to increase your existing holdings in AutoZone as the risk-reward trade off is appealing enough to hold a position. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to AutoZone.

About Contributor

Achuva Shats is a Member of Macroaxs Editorial Board. Achuva writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce View Profile

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of AutoZone. Please refer to our Terms of Use for any information regarding our disclosure principles.

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AutoZone Story

USD 1,227 19.25 1.54%

How does AutoZone Stands against Peers?

What do experts say?

Sale by Mitchell Major of tradable shares of AutoZone

Breaking down AutoZone Indicators

AutoZone has 82 percent chance to finish above $1134 in January

The Bottom Line

About Contributor

Would you like to provide feedback on the content of this article?

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