The Latest Breaking News from AZO

As inflation shows signs of cooling, it indicates that the Fed’s rate hikes have their intended effect. Moreover, consumer confidence seems to be robust. Therefore, quality consumer stocks AutoZone (AZO), Capri Holdings Limited (CPRI), and Dillard’s (DDS) could be worth holding in 2023. Read on….

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.

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…

AutoZone Inc (NYSE:AZO) reported third-quarter FY22 sales growth of 5.9% year-on-year, to $3.87 billion, beating the consensus of $3.71 billion. EPS of $29.03 beat the analyst consensus of $26.05.  Domestic same-store sales for the quarter increased 2.6%. The gross margin decreased 54 basis points Y/Y to 51.91%. The operating margin was 20.1%, and…

Despite lingering supply chain disruptions, the automotive parts industry is expected to grow significantly in the coming months on strong global demand. Thus, we think it could be wise to invest in fundamentally solid auto parts stocks AutoZone (AZO) and O’Reilly (ORLY), which have great upside potential. Read on.