How is AZO positioned for the future od electric vehicles? It's inventory will not be worth much considering the industry's push into electric vehicles. Forward looking growth projections need to be trimmed and a huge scale back in opening stores in the US. It needs to start revamping, drop the Lampert model or die like Sears. Except it'll die faster with a fire sale on anything worth anything.
Tomorrows earnings are going to surprise. If I were you, I would start buying some more. Here why I think earnings will surprise.
1) Last Quarter sales were lower due to delayed income tax returns. AZO fiscal quarter ended mid Feb, before the majority of tax refunds were paid. Now this latest quarter is Mid Feb - Mid May. Most in not all refunds are now paid out. According to thier competitor (Oreilly), they said in their latest quarter report that March was the strongest month. This should be no different with AZO.
2) The US Dollar has been weakening which will cause a tailwind in their Mexican store sales. According to their last earnings call, there was a .18 hit on EPS due to exchange rates. Well the dollar has been weakening since then an, so this should add to their EPS.
This stock will be over $700 in no time.
Harry Boxer has posted his Charts of the Day video on AZO at TheTechTrader site noting: AutoZone, Inc. (AZO) was the biggest loser on a downgrade by far in the stock market today, dropping 12%, down a whopping 78.09, to 581.40, on 3 million shares traded. Looking at the long-term chart, you can see that the entire top pattern was broken. It’s at support, so look for some sort of snapback consolidation. Perhaps, if it gets it and then rolls over, the next target is in the 500 range.
electric cars wont be as common until 10 years from now atleast. in addition, azo could shift their inventory over time to accommodate electric cars. amazon isnt any near term threat for azo... the price to ship car parts not to mention the wait time for the customer doesnt make up for the time to get it from azo... no brainer to buy at these levels
A terrible conference call. This guys are throwing darts hoping something will stick. Their plan to increase distribution are now being though to scale back. Tells you soft sales don't mean to have extra inventory. Don't think at this point to keep increasing store openings with huge costs is the right strategy. For us longs looks like it could take years to get back to any real rate of return not to mention just breaking even. Very sad
AZO charts are pointing to 433.
You can buy parts on Amazon 80% cheaper than AutoZone
Kiss 80% of the stock goodbye my electric cars ahead in the streets AutoZone be dead before you know it
Just like hertz and cars this is the beginning of crash
Don't buy AZO buy ORLY if you are into auto parts stock. ORLY have solid support around $240 also company is buying back 1 Billion dollars worth of stock they announce this last week.
longs before cc ( . ) and after ( o )
Auto downturn begins lets hope a bottom will be in place soon. 300-450 range
Sears should buy these guys.
Uncle Scam out of credit!
I'm glad sold AZO at $744! This turd has flames on it.
So late tax refunds is the problem, hummm.
An other 52 weeks low.
news flash. azo. still is better then oreillys
told told you this will crashcrashb550 get ready foreven muchmuch scaryscary crashbelow550 beveryvery afraifd to losss alotl ot more, e money letthescaryscary crashbgin couldget downgraded anytime now then watch this free fall over the cliff andcrash andcrash andkeep on crashingbelow 550
HERE COMESTHESCARY SCARY CRASSH CRASHBELOW 550.00. LOOK OUT BELOW GETOUTOUYTBEFOREVERYONE START TO SELL AND DUMP DUMP THIER SHARESBELOW 550.00 COULD GET DOWNGRADED ANYTIME NOW ,LET THESCARY SCARY CRASH CRASH DUMPING DUMPING BEGIN ,BE VERY VERY AFRAID TO LOSS ALOTLOT MORE MONEY