AutoZone, Inc. remains a top long-term holding due to its consistent growth, international expansion, and robust buyback program that enhances shareholder value. Fiscal Q4 saw record sales of $6.2 billion, with comparable store sales up 1.3% and international comps surging 9.9%. Despite a slight EPS miss, AutoZone's aggressive share repurchase program continues to drive significant EPS growth and shareholder returns.
Seth Basham with Wedbush Securities says AutoZone's (AZO) business model remains "resilient" despite its earnings miss, but notes "there are still headwinds" for its profitability. CFRA's Garrett Nelson calls the expectations miss "uncharacteristic" for the company, as he and Seth map out the road ahead for AutoZone.
Auto parts retailer AutoZone (AZO) posted worse-than-expected quarterly results Tuesday as costs rose and the company faced a decline in American customers' discretionary spending. However, it got a boost from store expansion.
The headline numbers for AutoZone (AZO) give insight into how the company performed in the quarter ended August 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Auto parts retailer AutoZone reported a lower-than-expected fourth-quarter profit on Tuesday, hurt by inflationary challenges, sending its shares down almost 5% in early trade.
AutoZone (AZO) came out with quarterly earnings of $48.11 per share, missing the Zacks Consensus Estimate of $53.31 per share. This compares to earnings of $46.46 per share a year ago.
AutoZone's stock dropped in early Tuesday trading, after the auto-parts retailer reported quarterly earnings and sales that rose, but not enough to meet expectations, as U.S. results continued to underperform.
AutoZone, Inc. AZO will release earnings results for its fourth quarter fiscal 2024, before the opening bell on Tuesday, Sept. 24.
Besides Wall Street's top -and-bottom-line estimates for AutoZone (AZO), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended August 2024.
The latest trading day saw AutoZone (AZO) settling at $3,078.31, representing a -0.73% change from its previous close.
AutoZone (AZO) reachead $3,101.04 at the closing of the latest trading day, reflecting a -0.71% change compared to its last close.
Today, TradePulse's latest Power Inflow alert indicated institutional volume is coming into AutoZone Inc. AZO, signaling a shift from net selling to buying. This shift is a key indicator of rising investor confidence and the potential for an uptrend in AZO's stock.