AutoZone (AZO) has been a major point of discussion, experiencing a 4.3% fall since its last earnings report and expanding its buyback authorization, indicating a new capital allocation priority. The leading auto-part retailer’s valuation is under assessment following a $1.5 billion share buyback boost and growth momentum driving its stock value. Despite market uptick, AZO’s stock has been volatile. Its recent $1.5 billion share buyback approval has prompted investors and brokers to consider AZO as a worthy investment.
Analysts estimate AZO's fair value and suggest potential buyers to understand the stock's trend. Barclays raised AutoZone's price target (PT) to $4,510, anticipating higher earnings, while Evercore ISI lifted its PT to $4,250 from $4,060. However, the company's financial executive recently sold $12 million of company stock.
Despite this, AutoZone's Q4 outlook, share repurchase program expansion, and its strong sales growth amid margin pressures point to its growing potential. It’s considered a trending stock, with Wall Street Analysts' optimistic view. Nonetheless, AZO’s weaker-than-expected Q4 profit and a recent drop in its stock price amid market gains requires further evaluation.
Autozone AZO News Analytics from Mon, 20 Jan 2025 08:00:00 GMT to Thu, 23 Oct 2025 15:30:02 GMT - Rating 5 - Innovation 4 - Information 7 - Rumor 1
