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.
The transportation sector is vitally important to the economy. With 4.1 million miles of streets and highways, the U.S. has the most extensive road network in the world.
AutoZone, Inc. (NYSE:AZO ) Q3 2024 Results Conference Call May 21, 2024 10:00 AM ET Company Participants Phil Daniele - CEO Jamere Jackson - CFO Brian Campbell - VP, IR Conference Call Participants Bret Jordan - Jefferies Christian Carlino - JPMorgan Simeon Gutman - Morgan Stanley Greg Melich - Evercore ISI Scot Ciccarelli - Truist Kate McShane - Goldman Sachs Seth Sigman - Barclays Brian Nagel - Oppenheimer Michael Lasser - UBS Max Rakhlenko - TD Cowen Operator Greetings. Welcome to the AutoZone's 2024 Q3 Earnings Release Conference Call.
AutoZone NYSE: AZO share prices are declining because the Q3 results weren't strong enough. The company says the timing of tax payments and cold weather impacted the results, which are one-off, non-recurring factors that have little to do with the outlook.
AutoZone NYSE: AZO share prices are declining because the Q3 results weren't strong enough. The company says the timing of tax payments and cold weather impacted the results, which are one-off, non-recurring factors that have little to do with the outlook.
While AutoZone (AZO) manages to maintain its earnings beat streak in the third quarter of fiscal 2024, revenues narrowly miss estimates.