AutoZone, a major player in the retail-wholesale industry, has been repeatedly in the investment news. Analysts have furnished a
Moderate Buy consensus on its stock (NYSE:AZO). The company's share buyback program has been expanded, following the announcement of stellar results for Q3 2024. Some investors have increased their stock holdings such as Envestnet Asset Management Inc. and Morningstar Investment Services LLC, while others like Gabelli Funds LLC and Burgundy Asset Management Ltd have decreased their stake.
Interestingly, Senior Vice President Richard Smith and Executive Chairman RHODES WILLIAM C III also sold part of their shares. AutoZone has been witnessing a deceleration in domestic sales that seems to be not alarming to market observers, even with the reported miss on Q3 sales. Earnings per share for Q2 soared to $28.89, outperforming market expectations, but the company’s shares plunged due to the timing of tax refunds. Concurrently, AutoZone stocks' value has risen over 200% in the past five years, making the company a valuable investment.
Autozone AZO News Analytics from Tue, 31 Oct 2023 07:00:00 GMT to Sun, 09 Jun 2024 16:34:30 GMT -
Rating 7
- Innovation 2
- Information 9
- Rumor -4
