The Latest Breaking News from AZO

Despite the uncertain macroeconomic environment, AutoZone (AZO) reported solid growth in revenue and earnings in the most recent quarter. As the auto parts industry tends to be unaffected by a recession, it could be worth buying this high-growth stock now. Read on.

As the Fed is expected to raise interest rates higher than expected, the revived recession fears will keep the stock market under pressure in the upcoming months. Thus, it could be wise to scoop up shares of high-quality businesses, such as Johnson & Johnson (JNJ), Humana Inc. (HUM), and AutoZone,…

Someone with a lot of money to spend has taken a bearish stance on AutoZone (NYSE:AZO). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Despite the continued semiconductor chip shortage and high-interest rates for auto loans, the auto parts industry is expected to grow significantly this year, driven by solid demand amid an increasing shift toward electric vehicles, rising demand for OEMs, and digital advancements. Given this backdrop, it could be wise to buy…

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 (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.

Although supply chain issues are a concern, growing consumer awareness about the maintenance and installation of new accessories and prominent technological advancements provide ample opportunities for the auto parts industry growth. Therefore, we believe quality auto parts stocks AutoZone (AZO), Advance Auto Parts (AAP), and O'Reilly Automotive (ORLY) could be…

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.

Heavy insider buying can be a good indicator of future price appreciation for stocks because insiders often have insight into the growth prospects of their companies. Shares of Intel (INTC), CSX (CSX), Centene (CNC), and AutoZone (AZO) have been heavily bought by insiders of late. So, we think it could…