AutoZone Inc (AZO) Executive Chairman RHODES WILLIAM C III Sells 12,051 Shares
AutoZone Inc (NYSE:AZO), a leading retailer and a distributor of automotive replacement parts and accessories, has reported an insider sale according to a recent SEC filing. Executive Chairman RHODES WILLIAM C III sold 12,051 shares of the company on March 26, 2024. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this SEC Filing.
Over the past year, RHODES WILLIAM C III has engaged in the sale of 18,751 shares of AutoZone Inc and has not made any purchases of the stock. This latest transaction continues a pattern of insider sales at the company, with a total of 25 insider sells and only 1 insider buy over the past year.
On the date of the reported sale, shares of AutoZone Inc were trading at $3,189.51, giving the company a market capitalization of $55.221 billion. The price-earnings ratio stood at 22.47, which is above the industry median of 18.51 and also exceeds the historical median price-earnings ratio for the company.
The stock's valuation, when compared to the GuruFocus Value (GF Value) of $2,822.01, indicates that AutoZone Inc is currently trading at a price-to-GF-Value ratio of 1.13, suggesting that the stock is modestly overvalued. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider trading activities at AutoZone Inc.
The GF Value image above provides a visual representation of AutoZone Inc's current valuation in relation to its GF Value.
Investors often monitor insider trading patterns as part of their analysis, as these transactions can provide insights into insiders' perspectives on the stock's future performance. However, insider trading activity is just one of many factors that should be considered when evaluating a company's financial health and investment potential.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
