AutoZone Inc. is experiencing various market dynamics. Several investment firms, including
HighTower Advisors,
Sage Mountain Advisors, and
M&T Bank Corp have reduced their stock holdings, while other entities including
PNC Financial Services and
Fisher Asset Management have increased their positions. Interestingly,
AutoZone is being perceived optimistically by Wall Street despite underperforming the consumer discretionary sector. The company's Q2 earnings and revenue estimates lagged, and its stock fluctuated despite the general market gains.
Insider trading activities depict mixed sentiments, with the VP selling 1,575 shares and Cullen Frost Bankers increasing its position. AutoZone's sales increased by 2% to US$4 Billion, despite a 1% dip in earnings. The company has been
downgraded by Argus due to the potential impact of tariffs on earnings. Nonetheless, its price target was raised by
Mizuho and
Evercore ISI. Furthermore, it’s speculated that AutoZone might be planning a stock split in the near future.
Autozone AZO News Analytics from Tue, 17 Sep 2024 07:00:00 GMT to Sun, 16 Mar 2025 00:04:04 GMT -
Rating 3
- Innovation -2
- Information 6
- Rumor -5
