AutoZone Inc. (NYSE: AZO) has had mixed performance in recent times, witnessing several adjusted price targets and mixed earnings report outcomes. While the firm caught investors off-guard with a surprise in Q3 earnings, sales did not meet estimates. A series of downward adjustments on AZO's price targets were initiated by Truist Financial, Mizuho, Barclays, Wedbush, Wolfe Research, Evercore ISI, Citigroup, Morgan Stanley, and UBS Group. AZO also reported higher sales and profits in Q3 2024, showing
strong international growth and resilience. However, the push to expand commercial sales faltered and before-tax sales were impacted by cold weather and delayed tax refunds. As a result, AZO's stock experienced a slump despite beating EPS estimates. Additionally, there have been several purchases and sales of large blocks of shares by institutional investors. AutoZone made headlines not only because of earnings but also due to an agreement to sell IMC to Parts Authority. On the bright side, those who invested in AutoZone five years ago have seen an impressive 201% growth.
Autozone AZO News Analytics from Fri, 17 Nov 2023 08:00:00 GMT to Thu, 23 May 2024 19:44:28 GMT -
Rating 3
- Innovation -4
- Information 7
- Rumor -5
