As AutoZone (AZO) approves an additional $1.5 billion for share repurchases, we assess the current positioning of the stock to determine if it's a good investment at this juncture.
Zacks.com users have recently been watching AutoZone (AZO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Zacks Industry Outlook O'Reilly and AutoZone have been highlighted in this Industry Outlook article.
With the Zacks Automotive- Retail and Wholesale- Parts industry currently placed in the top 21% of around 250 Zacks industries, stocks like ORLY and AZO are still worth keeping an eye on.
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Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
AutoZone (AZO) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
With durable customer demand, this company is able to post consistent revenue gains. The average age of cars on the road keeps rising, which is a trend that benefits it.
Wall Street is watching the evolution of the retail landscape stateside as e-commerce continues to disrupt traditional retail models. In recent years, many traditional brick-and-mortar retailers have struggled to adapt, leading to store closures, layoffs and declining sales.
Management at Advance Auto Parts Inc. NYSE: AAP is looking to reinvent itself this year, or at least that's what the first quarter 2024 earnings results suggest. The company aims to compete with the likes of O'Reilly Automotive Inc. NASDAQ: ORLY and even AutoZone Inc. NYSE: AZO.
Although the economy is in excellent shape and stocks are hitting new highs, it's important to remember that good times don't last forever. The business cycle ends and that's when blue-chip stocks to hold become valuable.
Over the years, AutoZone has reported steadily rising revenue and profit. A massive store base gives it a leg up on the competition.