|Bid||861.35 x 1000|
|Ask||0.00 x 800|
|Day's Range||877.51 - 895.89|
|52 Week Range||590.76 - 896.03|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||17.01|
|Earnings Date||Feb 25, 2019 - Mar 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||919.18|
MEMPHIS, Tenn., Dec. 11, 2018 -- AutoZone, Inc. (NYSE:AZO), announced it will hold its Annual Meeting of Stockholders on December 19, 2018, at the J.R. Hyde III Store Support.
Before putting in our own effort and resources into finding a good investment, we can quickly utilize hedge fund expertise to give us a quick glimpse of whether that stock could make for a good addition to our portfolios. The odds are not exactly stacked in investors’ favor when it comes to beating the market, […]
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.
The waning popularity of small passenger cars, despite the rising demand for crossovers, sports utility vehicles and trucks, is the major reason behind the decline in auto sales during November.
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.
NEW YORK, NY / ACCESSWIRE / December 5, 2018 / AutoZone and Dollar General both reported quarterly results yesterday but only one went higher while the other slipped into the red. AutoZone saw gains on strong first quarter results while Dollar General fell on disappointing guidance. AutoZone, Inc. shares were up 6.75% on Tuesday on nearly 950,000 shares.
With fuel prices moderating and stronger new vehicle sales cohorts entering the company's sweet spot, we continue to see opportunities for AutoZone to grow while holding profitability near recent levels.
This is an increase over the company’s earnings per share of $10.00 from the same time last year. It was also a boon to AutoZone stock by beating out Wall Street’s earnings per share estimate of $12.21 for the quarter. During its fiscal first quarter of 2019, AutoZone reported net income of $351.41 million.
The market is reconsidering whether a dovish Federal Reserve and a window for trade talks between the U.S. and China are actually good news.
Investing.com - AutoZone, Clovis and Restoration Hardware rallied into the close Tuesday, bucking the sea of red that has swept across Wall Street.