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US auto sales figures came in mixed for September. General Motors, and Ford posted a jump in sales last month, while Fiat Chrysler's sales fell. Yahoo Finance’s Alexis Christoforous and Rebecca Lindland of Cox Automotive dig deeper into the numbers.
According to the recent data by Reuters, about 62%, 44%, and 48% of analysts have given “buy” recommendations on O’Reilly Automotive (ORLY), AutoZone (AZO), and Advance Auto Parts (AAP), respectively.
AutoZone (AZO), O’Reilly Automotive (ORLY), and Advance Auto Parts (AAP) are the three largest auto part retailers in the US market.
The move is part of a push by Apple to launch more original content on its video streaming outlet. Spielberg will likely be the Amazing Stories executive producer, although not much is known about what exactly his role will be on the show. Hannibal’s Bryan Fuller will be the showrunner. Amazing Stories is essentially an updated version of The Twilight Zone or The Outer Limits, with each episode telling a standalone story that is either scary, magical or horrifying.
On Tuesday, the Cook Convention Center was the site of an auto parts expo with 225 vendors. AutoZone Inc. held its general session Oct. 5 at the Cook Convention Center as part of its weeklong 2017 national sales meeting, which brings thousands of employees to its Memphis headquarters each year. Then it was on to the “Zone Talks” — think TED Talks meets AutoZone.
On September 29, 2017, AutoZone stock (AZO) traded on a positive note and ended the week at $595.11, a rise of 3.7%.
Advance Auto Parts Inc (NYSE:AAP) generated a below-average return on equity of 12.63% in the past 12 months, while its industry returned 13.12%. AAP’s results could indicate a relatively inefficientRead More...
Advance Auto Parts, Inc. (NYSE:AAP) shares took a hit as a firm lowered its rating on the stock. Raymond James analysts covering the stock reduced its rating to a “market perform,” with analyst Dan Wewer saying the company should no longer be considered a “strong buy” due to the long-term earnings potential for the company when compared to the growing business risks within Advance Auto Parts. Out of the 27 brokerages covering the stock, 13 give it a “buy” or higher, 11 have rated Advance Auto Parts a “hold” and one gives it a “sell.” The company’s median price target is $100.
Advance Auto Parts (AAP) is slumping today, hurt by a downgrade from Raymond James. Analysts Dan Wewer and Mitch Ingles cut the stock to Market Perform from Strong Buy, and also trimmed their earnings per share estimates for fiscal years 18 and 2019. Ultimately, the risks outweigh the potential, hence the downgrade.
An internet juggernaut and the downswing of a sales cycle shouldn't scare long-term investors away from these two stocks.
Thousands of people dressed in matching gray and black roaming the streets of Downtown Memphis could only mean one thing: It’s time for the annual AutoZone national sales meeting. Bill Rhodes, chairman, president and CEO of AutoZone, said the annual, multiday meeting truly embodies the spirit of Memphis-based AutoZone.
About 38.0% and 52.0% of analysts have recommended a “hold” for O’Reilly Automotive and AutoZone, respectively.
In the week ended September 22, AutoZone stock (AZO) remained highly volatile and ended the week at $574.03 with a minor weekly gain of ~0.7%.
Retailers realize foot traffic is declining, but reactions have largely failed to return performance to historical growth levels.
Guggenheim Securities The return of more-normalized growth should continue to drive near-term sentiment in auto-parts retail. Bottom line, we believe AutoZone’s earnings release last week represented the first of several positive near-term data points we expect over the next three to six months across the auto-parts retail group. Although we recognize long-term risks to the elevated margin structures of these operating models due to the combination of secular headwinds and potentially intensifying competitive pressures, we envision near-term share-price outperformance as growth normalizes across the group from a period of weather-related weakness.