AutoZone Inc Director MRKONIC GEORGE R JR Sells 415 Shares
Director MRKONIC GEORGE R JR of AutoZone Inc (NYSE:AZO) sold 415 shares of the company on January 9, 2024, according to a recent SEC Filing. The transaction was executed at a stock price of $2,541.85, resulting in a total sale amount of $1,054,867.75.
AutoZone Inc is a retailer and a distributor of automotive replacement parts and accessories in the United States. The company operates through various segments, including AutoZone stores in the U.S., Mexico, Brazil, and IMC branches. It offers an extensive product line for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.
Over the past year, the insider has sold a total of 415 shares and has not made any purchase of the company's stock. The recent sale by the insider is part of a broader trend observed over the past year, where there have been 16 insider sells and only 1 insider buy for AutoZone Inc.
On the valuation front, AutoZone Inc's shares were trading at $2,541.85 on the day of the insider's sale, giving the company a market capitalization of $44.036 billion. The price-earnings ratio stands at 18.48, which is above the industry median of 17.46 and also higher than the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, with a stock price of $2,541.85 and a GuruFocus Value of $2,739.12, AutoZone Inc has a price-to-GF-Value ratio of 0.93, indicating that the stock is Fairly Valued.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
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.
