AutoZone, Inc.’s Stock Price Drops to $3,172.18, Marking a 1.27% Decrease: Is It Time to Buy?

AutoZone, Inc. (AZO)

3172.18 USD -40.69 (-1.27%) Volume: 0.13M

AutoZone, Inc.’s stock price stands at 3172.18 USD, experiencing a slight dip of -1.27% this trading session, with a trading volume of 0.13M. Despite the day’s downturn, AZO’s shares have shown strong performance this year with a YTD increase of +22.69%, making it a potential choice for investors seeking steady growth.

Latest developments on AutoZone, Inc.

AutoZone Inc. (NYSE:AZO) saw a mix of activities leading up to today’s stock price movements. Raymond James & Associates increased their stake in the company, while insiders sold $1.4 million worth of stock, possibly indicating caution. Swedbank AB also purchased shares, showing confidence in the company. On the financial side, Sumitomo Mitsui Trust Holdings Inc. reduced their stock position, while Assenagon Asset Management S.A. bought shares. With a 3-year EPS growth rate of 22.50% and a 3-year EBITDA growth rate of 21.20% as of May 2024, AutoZone Inc. (MIL:1AZO) continues to showcase its financial strength.

AutoZone, Inc. on Smartkarma

Analysts on Smartkarma, like Baptista Research, are closely monitoring Autozone Inc‘s performance. Baptista Research‘s report on “AutoZone Inc.: How Will The Increasing Number Of Mega-Hubs Impact The Top-Line? – Major Drivers” highlights the company’s steady growth in 2024 Q3, despite challenges like unique weather conditions and stricter tax refund seasons. The report praises AutoZone’s commitment to exceptional customer service in a volatile market environment.

Another positive outlook comes from Value Investors Club, emphasizing Autozone’s underappreciated franchise and potential for risk-adjusted returns. Their report on “Autozone Inc (AZO) – Friday, Feb 2, 2024″ points out the company’s status as the largest auto parts retailer by revenue, with a focus on higher-margin private label sales and automotive diagnostic software. With a resilient business model and a track record of creating shareholder value, Autozone continues to attract attention from analysts for its growth prospects.

A look at AutoZone, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Autozone Inc has received high scores in Growth, Resilience, and Momentum according to Smartkarma Smart Scores. This indicates a positive long-term outlook for the company in terms of its ability to grow, adapt to challenges, and maintain a strong market position. While the Value score is lower, the strong performance in other areas suggests that Autozone Inc may still be a solid investment choice for those looking for growth and stability in the automotive retail sector.

Autozone Inc, a specialty retailer of automotive replacement parts and accessories, has been rated highly in Resilience and Momentum by Smartkarma Smart Scores. With a strong focus on providing a wide range of products for various types of vehicles, including hard parts, maintenance items, and accessories, the company has shown its ability to withstand market pressures and maintain a solid growth trajectory. Investors looking for a company with a proven track record of resilience and growth may find Autozone Inc to be a promising option in the automotive retail industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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