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Memphis, Tennessee-based AutoZone, Inc. (AZO) retails and distributes automotive replacement parts and accessories. Valued at $53.10 billion by market cap, it offers an extensive product line for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. The auto parts retailer is expected to announce its fiscal fourth-quarter earnings for 2024 on Tuesday, Sep. 17.
Ahead of the event, analysts expect AZO to report a profit of $53.61 per share on a diluted basis, up 15.4% from $46.46 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. During the previous quarter, AZO repurchased 242 thousand shares of its common stock at an average price per share of $3,036, for a total investment of $734.70 million.