AutoZone shares fall as Q4 earnings miss expectations

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William Blair Reiterates Outperform Rating on AutoZone (AZO)

September 25, 2024 6:57 AM EDT

William Blair analyst Philip Blee reiterated an Outperform rating on AutoZone (NYSE: AZO).

The analyst comments "AutoZone shares are down 3% in premarket trading on the weaker-than-expected fourth-quarter results. We believe that investors are primarily concerned about the softening demand backdrop, where a lack of pricing power could remain a headwind in the first half of fiscal 2025 as the industry normalizes from elevated inflation during the 2021 and 2022 era.... More

DA Davidson Reiterates Neutral Rating on AutoZone (AZO)

September 25, 2024 5:57 AM EDT

DA Davidson analyst Michael Baker reiterated a Neutral rating and $3,025.00 price target on AutoZone (NYSE: AZO).

The analyst comments "AZOs stock has been resilient all year as the stock has missed consensus comps three times in calendar 2024, including today, yet... More

AutoZone (AZO) PT Raised to $3,125 at Morgan Stanley

September 25, 2024 5:52 AM EDT

Morgan Stanley analyst Simeon Gutman raised the price target on AutoZone (NYSE: AZO) to $3,125.00 (from $3,038.00) while maintaining a Overweight rating.

The analyst comments "We are Overweight rated and raise our PT to $3,125 (from $3,038). Risk/reward skews positive with ~34%/~24% upside/downside to our... More

AutoZone (AZO) PT Lowered to $3,500 at Citi

September 25, 2024 5:32 AM EDT

Citi analyst Steven Zaccone lowered the price target on AutoZone (NYSE: AZO) to $3,500.00 (from $3,787.00) while maintaining a Buy rating.

The analyst comments "AZO reported F4Q results that missed on both the top and bottom line. The auto parts retail backdrop is clearly... More

AutoZone (AZO) PT Raised to $3,300 at CFRA

September 24, 2024 9:13 AM EDT

CFRA analyst Garrett Nelson raised the price target on AutoZone (NYSE: AZO) to $3,300.00 (from $3,250.00) while maintaining a Buy rating.

The analyst comments "We raise our 12-month target by $50 to $3,300, based on a FY 26 (Aug.) P/E of 18.0x, a slight... More

AutoZone (AZO) Misses Q4 EPS by $5.50, Misses on Revenue

September 24, 2024 6:56 AM EDT

(Updated - September 24, 2024 6:59 AM EDT)

AutoZone (NYSE: AZO) reported Q4 EPS of $48.11, $5.50 worse than the analyst estimate of $53.61. Revenue for the quarter came in at $6.2 billion versus the consensus estimate of $6.23 billion.

For earnings history and earnings-related data on AutoZone (AZO) click here.

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Stocks expected to have increasing option volume: AZO MU COST SFIX KBH NVO LLY VKTX NKE

September 24, 2024 4:59 AM EDT

Stocks expected to have increasing option volume: AZO MU COST SFIX KBH NVO LLY VKTX NKE

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AutoZone (AZO) October 3040 straddle priced into quarter results

September 20, 2024 5:22 AM EDT

AutoZone (NYSE: AZO) October 3040 straddle priced for a move of 6.5% into the expected release of quarter results before the bell on September 24.

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