AutoZone (AZO) volatility elevated on wide price movement into growth concerns

AutoZone (NYSE: AZO) is recently down $14.98 to $353.57 in pre-open trading following Q3 EPS of $6.28, consensus $6.25. Goldman Sachs say’s “Good EPS, sales light, question is duration.” Overall option implied volatility of 28 is above its 26-week average of 24 according to Track Data.

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