353.63 0.00 (0.00%)
After hours: 4:26PM EST
|Bid||352.00 x 1300|
|Ask||354.40 x 800|
|Day's Range||346.61 - 355.44|
|52 Week Range||217.64 - 363.20|
|Beta (3Y Monthly)||1.23|
|PE Ratio (TTM)||22.26|
|Earnings Date||Feb 5, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||357.84|
In the first quarter of fiscal 2019, AutoZone’s gross profit was $1.42 billion, ~3.8% higher than $1.36 billion in the first quarter of 2018. With this, the company’s gross margin came in at 53.7%, higher than 52.8% a year ago and 53.6% in the fourth quarter of fiscal 2018. AutoZone’s fiscal 2019 first-quarter adjusted net profit stood at $351 million, up 25.1% YoY (year-over-year), with a strong net profit margin of 13.3%.
In the previous article, we looked at how AutoZone (AZO) launched next-day delivery in 80 markets in the United States. In the first quarter of fiscal 2019, AutoZone had commercial programs in 4,766 stores in its home market, reflecting a 3.1% rise from 4,622 in the first quarter of fiscal 2018. The company opened 149 new commercial programs in fiscal 2018, slightly lower than AutoZone’s original plan to open ~150 new programs.
AutoZone’s (AZO) performance is mainly divided into two business segments: DIY (do it yourself), or Retail, and DIFM (do it for me), or Commercial. The DIY segment targets retail customers and yields higher margins than DIFM. For AutoZone, DIY is a major business segment, and it’s focused on the sale of auto parts to customers without the provision of a mechanic’s assistance to fit or change those parts.
AutoZone (AZO) generates revenue by selling auto parts and accessories primarily in the US market, Puerto Rico, Mexico, and Brazil. In the last three years, US auto companies (XLY), including General Motors (GM) and Ford Motor Company (F), have benefited from strong US demand for utility vehicles and trucks.
O’Reilly Automotive (ORLY) stock has risen 11.9% month-to-date, while AutoZone (AZO) has risen 13.7% and Advance Auto Parts (AAP) has risen ~12.0%. Meanwhile, the S&P 500 has fallen 1.1%. A broader market sell-off took a toll on auto part stocks in October, with O’Reilly, AutoZone, and Advance Auto Parts falling 7.7%, 5.4%, and 2.6%, respectively.
America’s top auto parts retailer (XLY) by store count, AutoZone (AZO), has released its results for the first quarter of fiscal 2019 (the 12 weeks ended November 17, 2018). The company’s first-quarter adjusted earnings jumped 34.7% YoY (year-over-year) to $13.47 per share—better than analysts’ estimates of $12.21 per share. After the earnings release, the stock rallied. At 10:55 AM EST, AZO was up 7.3%. At the same time, O’Reilly Automotive (ORLY), Advance Auto Parts (AAP), and General Motors (GM) were trading up 1.7%, up 1.2%, and down 2.3%, respectively from their closing prices yesterday.
Of Reuters-surveyed analysts, about 50%, 71%, and 55% recommend “buy” for AutoZone (AZO), O’Reilly Automotive (ORLY), and Advance Auto Parts (AAP) stock, respectively, while 45%, 29%, and 45% recommend “hold.” Only AutoZone received “sell” recommendations, from 5% of analysts.
After a 30% increase in U.S. motor vehicle accidents since 2011, Bank of America Merrill Lynch predicts the number of accidents will return roughly to its prior level over the coming decade.
If you're looking for a profitable portfolio of stocks that will offer the best of value and growth investing, try the growth at a reasonable price or GARP strategy.
Tesla's (TSLA) sales in China drop more than 50% in October from the prior year. High import tariffs also hamper the bottom line.
In an effort to optimize capital expenditure, General Motors (GM) to close three production facilities in North America and reduce the number of salaried staffs.
Index (PMI) data, output in the Consumer Services sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
Concerns over rising interest rates and expected further rate increases have hit several stocks hard since the end of the third quarter. NASDAQ and Russell 2000 indices are already in correction territory. More importantly, Russell 2000 ETF (IWM) underperformed the larger S&P 500 ETF (SPY) by about 4 percentage points in the first half of […]
Auto part stocks have remained surprisingly resilient amid the S&P 500, a proxy for the broader stock market, tracking sharply lower into correction territory – down roughly 10% from its Sept. 21 high of 2,940.91. The $130 billion-per-year aftermarket auto parts business provides these companies with mild cyclical fluctuations and slow trend consolidation. Investors may also be impressed with how auto part companies are offering more servicing options to commercial customers, which helps combat increased competition from large online retailers such as Amazon.com, Inc. ( AMZN) and Walmart Inc. ( WMT) that can't provide the same level of technical expertise.
Today we’re going to take a look at the well-established O’Reilly Automotive Inc (NASDAQ:ORLY). The company’s stock saw a double-digit share price rise of over 10% in the past couple Read More...
In sync with its target to develop connected ecosystem, Allison (ALSN) collaborates with Telematics for custom-made telematics solutions.
Gains of 74.35% and 43.43% this year for shares of Advance Auto Parts, Inc. ( AAP) and O'Reilly Automotive, Inc. ( ORLY) tell the story of unusual bullish trading activity accompanying the moves. The main criteria we look for when betting on upside in a stock are improving fundamentals, leading technicals and bullish trading activity in the shares. In 2018, Advance Auto Parts and O'Reilly Automotive shares have increased in price alongside large increases in volume.
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider O'Reilly Automotive (ORLY).
O'Reilly Automotive Inc. said late Tuesday its board of directors has authorized an increase of $1 billion in the auto parts retailer's share buyback program, raising the authorization to $11.75 billion. In the same statement, O'Reilly said it has agreed to buy all of the auto parts-related assets of privately held Bennett Auto Supply, Inc. of Pompano Beach, Fla. The asset buying is expected to be completed by the end of the year, O'Reilly said. Bennett operates 33 stores in southern Florida, O'Reilly said. Shares of O'Reilly were flat in the extended session and rose 2.3% in the regular trading day.
O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (ORLY), a leading retailer in the automotive aftermarket industry, today announced that its Board of Directors approved a resolution to increase the authorization amount under its share repurchase program by an additional $1 billion, raising the aggregate authorization under the program to $11.75 billion. The Company also announced that it has entered into a definitive agreement to purchase substantially all of the auto parts related assets of Bennett Auto Supply, Inc. (“Bennett”), headquartered in Pompano Beach, Florida. The asset purchase is expected to be completed by the end of this year. The additional $1 billion authorization is effective for a three-year period, beginning on November 13, 2018. Stock repurchases under the program may be made from time to time, as the Company deems appropriate, solely through open market purchases effected through a broker dealer at prevailing market prices, based on a variety of factors such as price, corporate requirements and overall market conditions. There can be no assurance as to the number of shares the Company will purchase, if any. The share repurchase program may be increased or otherwise modified, renewed, suspended or terminated by the Company at any time, without prior notice.