AutoZone (AZO) has attracted considerable attention in the investment landscape. Several asset management firms have re-adjusted their stakes with Cetera Investment Advisers and Pensioenfonds Rail & OV reducing their positions, NewEdge Advisors and Public Sector Pension Investment Board expanding their positions, while Susquehanna Fundamental Investments took a new stake. AZO's Q4 2024 Earnings highlighted strong sales growth, however, it missed its Q4 estimates.
On Wall Street, AutoZone had been predominantly rated as a 'buy' or 'Strong-Buy' with Redburn Atlantic and BNP Paribas bolstering the sentiment. AutoZone's domestic sales deceleration appeared to muster little concern, it's fiscal Q4 earnings revealed a same-store sales growth of 1.3%, and plans to open 117 new stores. However, missed Q4 Earnings drew mixed reactions. Despite the underperformance, there were several firms that saw long-term value in AZO with its investors enjoying a solid 182% return over the last five years. The firm announced changes to its executive committee and also unveiled its Q4 outlook.
Autozone AZO News Analytics from Tue, 27 Feb 2024 08:00:00 GMT to Sat, 05 Oct 2024 12:49:24 GMT - Rating 4 - Innovation 5 - Information 8 - Rumor -2
