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Recommendations
AutoZone removed from Focus List at Citi » 07:25
01/27/23
01/27
07:25
01/27/23
07:25
AZO

AutoZone

$2,414.62 /

+58.525 (+2.48%)

Citi analyst Steven…

Citi analyst Steven Zaccone removed Buy-rated AutoZone from the firm's Focus List citing moderating do-it-for-me tailwinds. The latest installment of Citi's auto repair sentiment tracker points to solid DIFM trends, but the level of optimism is moderating as shown by normalizing business conditions, decelerating hiring activity, and auto parts disinflation, the analyst tells investors in a research note. "The data is not flashing red, but the green lights throughout 2022 are in the rear-view mirror," writes Citi.

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AZO AutoZone
$2,414.62 /

+58.525 (+2.48%)

AZO AutoZone
$2,414.62 /

+58.525 (+2.48%)

01/12/23 Wedbush
Wedbush downgrades Advance Auto Parts to Neutral, cuts price target to $145
12/07/22 DA Davidson
AutoZone price target raised to $2,360 from $1,950 at DA Davidson
12/07/22 MKM Partners
AutoZone price target raised to $2,650 from $2,350 at MKM Partners
12/07/22 Evercore ISI
AutoZone removed from 'Tactical Outperform' list at Evercore ISI
AZO AutoZone
$2,414.62 /

+58.525 (+2.48%)

AZO AutoZone
$2,414.62 /

+58.525 (+2.48%)

AZO AutoZone
$2,414.62 /

+58.525 (+2.48%)

Over a week ago
Hot Stocks
AutoZone CEO sell $12.2M in common stock » 08:02
01/12/23
01/12
08:02
01/12/23
08:02
AZO

AutoZone

$2,432.38 /

-0.435 (-0.02%)

In a regulatory filing…

In a regulatory filing last night, AutoZone disclosed that its CEO William Rhodes sold 5K shares of common stock on January 9th in a total transaction size of $12.2M.

ShowHide Related Items >><<
AZO AutoZone
$2,432.38 /

-0.435 (-0.02%)

AZO AutoZone
$2,432.38 /

-0.435 (-0.02%)

01/12/23 Wedbush
Wedbush downgrades Advance Auto Parts to Neutral, cuts price target to $145
12/07/22 DA Davidson
AutoZone price target raised to $2,360 from $1,950 at DA Davidson
12/07/22 MKM Partners
AutoZone price target raised to $2,650 from $2,350 at MKM Partners
12/07/22 Evercore ISI
AutoZone removed from 'Tactical Outperform' list at Evercore ISI
AZO AutoZone
$2,432.38 /

-0.435 (-0.02%)

AZO AutoZone
$2,432.38 /

-0.435 (-0.02%)

AZO AutoZone
$2,432.38 /

-0.435 (-0.02%)

Downgrade
Wedbush downgrades Advance Auto Parts to Neutral, cuts price target to $145 » 07:48
01/12/23
01/12
07:48
01/12/23
07:48
AAP

Advance Auto Parts

$153.26 /

+1.34 (+0.88%)

, ORLY

O'Reilly Automotive

$825.41 /

+1.14 (+0.14%)

, AZO

AutoZone

$2,432.38 /

-0.435 (-0.02%)

As previously reported,…

As previously reported, Wedbush analyst Seth Basham downgraded Advance Auto Parts (AAP) to Neutral from Outperform with a price target of $145, down from $165. While shares have sharply underperformed peers in the past six months, the analyst sees mounting risks to consensus expectations as the company embarks on price and inventory investments to improve market share performance and faces enormous LIFO charges. In conjunction with its Q3 results, Advance Auto Parts indicated that it concluded from a strategic review that it needed to invest in price and increase inventory availability in its Pro segment to stop losing market share. On the surface, this strategy does not align with the fact that company has lower gross margins and more inventory per location than peers, Basham says. Even considering that the company's Pro segment includes its Worldpac business that operates differently than peers, the analyst still notes that sales have grown in line with inventory since 2017 versus much stronger sales versus inventory growth performance for peers O'Reilly Auto (ORLY) and AutoZone (AZO). To that end, he is concerned that price and inventory investments may not provide adequate returns.

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ORLY O'Reilly Automotive
$825.41 /

+1.14 (+0.14%)

AZO AutoZone
$2,432.38 /

-0.435 (-0.02%)

AAP Advance Auto Parts
$153.26 /

+1.34 (+0.88%)

AAP Advance Auto Parts
$153.26 /

+1.34 (+0.88%)

01/12/23 Wedbush
Advance Auto Parts downgraded to Neutral from Outperform at Wedbush
01/05/23 Wells Fargo
Advance Auto Parts price target lowered to $150 from $180 at Wells Fargo
12/05/22 Argus
Advance Auto Parts price target lowered to $185 from $220 at Argus
11/17/22 Morgan Stanley
Advance Auto Parts price target lowered to $165 from $205 at Morgan Stanley
ORLY O'Reilly Automotive
$825.41 /

+1.14 (+0.14%)

01/05/23 Wells Fargo
O'Reilly Automotive price target raised to $925 from $850 at Wells Fargo
12/09/22 MKM Partners
O'Reilly Automotive price target raised to $900 from $865 at MKM Partners
11/23/22 Citi
O'Reilly Automotive price target raised to $855 from $770 at Citi
AZO AutoZone
$2,432.38 /

-0.435 (-0.02%)

12/07/22 DA Davidson
AutoZone price target raised to $2,360 from $1,950 at DA Davidson
12/07/22 MKM Partners
AutoZone price target raised to $2,650 from $2,350 at MKM Partners
12/07/22 Evercore ISI
AutoZone removed from 'Tactical Outperform' list at Evercore ISI
12/07/22 Citi
AutoZone price target raised to $2,782 from $2,520 at Citi
ORLY O'Reilly Automotive
$825.41 /

+1.14 (+0.14%)

AZO AutoZone
$2,432.38 /

-0.435 (-0.02%)

AAP Advance Auto Parts
$153.26 /

+1.34 (+0.88%)

ORLY O'Reilly Automotive
$825.41 /

+1.14 (+0.14%)

ORLY O'Reilly Automotive
$825.41 /

+1.14 (+0.14%)

AZO AutoZone
$2,432.38 /

-0.435 (-0.02%)

AAP Advance Auto Parts
$153.26 /

+1.34 (+0.88%)

ORLY O'Reilly Automotive
$825.41 /

+1.14 (+0.14%)

AZO AutoZone
$2,432.38 /

-0.435 (-0.02%)

AAP Advance Auto Parts
$153.26 /

+1.34 (+0.88%)

Over a month ago
Recommendations
AutoZone price target raised to $2,360 from $1,950 at DA Davidson » 08:58
12/07/22
12/07
08:58
12/07/22
08:58
AZO

AutoZone

$2,453.60 /

-76.07 (-3.01%)

DA Davidson analyst…

DA Davidson analyst Michael Baker raised the firm's price target on AutoZone to $2,360 from $1,950 but keeps a Neutral rating on the shares after its Q1 earnings beat. The company saw improving trends in their retail business along with double digit growth in commercial, which slowed but continues to show strong share gains, the analyst tells investors in a research note. Baker adds however that operating profits were down year over year, which led to a bit of a pause in the stock after strong year to date outperformance.

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AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

12/07/22 MKM Partners
AutoZone price target raised to $2,650 from $2,350 at MKM Partners
12/07/22 Evercore ISI
AutoZone removed from 'Tactical Outperform' list at Evercore ISI
12/07/22 Citi
AutoZone price target raised to $2,782 from $2,520 at Citi
12/07/22 UBS
AutoZone price target raised to $2,540 from $2,260 at UBS
AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

Recommendations
AutoZone price target raised to $2,650 from $2,350 at MKM Partners » 08:42
12/07/22
12/07
08:42
12/07/22
08:42
AZO

AutoZone

$2,453.60 /

-76.07 (-3.01%)

MKM Partners analyst…

MKM Partners analyst David Bellinger raised the firm's price target on AutoZone to $2,650 from $2,350 and keeps a Buy rating on the shares. The 3% stock price decline after the company's Q1 earnings beat was a "sell the news" event, with shares significantly outperforming year-to-date, the analyst tells investors in a research note. Bellinger continues to see consistent comp sales gains through the balance of the year for AutoZone as DIY segment trends have firmed up, along with the potential for gross margins to rebound in the back half now that elevated freight/LIFO charges seem to be fading off.

ShowHide Related Items >><<
AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

12/07/22 Evercore ISI
AutoZone removed from 'Tactical Outperform' list at Evercore ISI
12/07/22 Citi
AutoZone price target raised to $2,782 from $2,520 at Citi
12/07/22 UBS
AutoZone price target raised to $2,540 from $2,260 at UBS
12/01/22 Truist
AutoZone price target raised to $2,792 from $2,533 at Truist
AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

Recommendations
AutoZone removed from 'Tactical Outperform' list at Evercore ISI » 08:13
12/07/22
12/07
08:13
12/07/22
08:13
AZO

AutoZone

$2,453.60 /

-76.07 (-3.01%)

Evercore ISI analyst Greg…

Evercore ISI analyst Greg Melich is removing AutoZone from the firm's "Tactical Outperform" list, noting that the stock is up 1% since he put on the call on November 10 versus the S&P being flat and the SP Retail Index being up 1%. Melich has an In Line rating on AutoZone with a $2,440 price target, down from a prior $2,520. The lower target reflects "the reality that even" AutoZone do-it-for-me business "can't escape the law of large numbers, with growth moderating to LDD-Mid-teens vs. the prior 20%+ run-rate," Melich stated.

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AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

12/07/22 Citi
AutoZone price target raised to $2,782 from $2,520 at Citi
12/07/22 UBS
AutoZone price target raised to $2,540 from $2,260 at UBS
12/01/22 Truist
AutoZone price target raised to $2,792 from $2,533 at Truist
11/29/22 Wells Fargo
AutoZone price target raised to $2,850 from $2,450 at Wells Fargo
AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

Recommendations
AutoZone price target raised to $2,782 from $2,520 at Citi » 07:32
12/07/22
12/07
07:32
12/07/22
07:32
AZO

AutoZone

$2,453.60 /

-76.07 (-3.01%)

Citi analyst Steven…

Citi analyst Steven Zaccone raised the firm's price target on AutoZone to $2,782 from $2,520 and keeps a Buy rating on the shares. The analyst came away more positive on AutoZone post the Q3 earnings report. The business is seeing steady momentum and the LIFO headwind is proving to be less severe than initial guidance, Zaccone tells investors in a research note. The analyst likes the shares at current levels.

ShowHide Related Items >><<
AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

12/07/22 UBS
AutoZone price target raised to $2,540 from $2,260 at UBS
12/01/22 Truist
AutoZone price target raised to $2,792 from $2,533 at Truist
11/29/22 Wells Fargo
AutoZone price target raised to $2,850 from $2,450 at Wells Fargo
11/28/22 Wedbush
AutoZone price target raised to $2,600 from $2,350 at Wedbush
AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

Recommendations
AutoZone price target raised to $2,540 from $2,260 at UBS » 07:22
12/07/22
12/07
07:22
12/07/22
07:22
AZO

AutoZone

$2,453.60 /

-76.07 (-3.01%)

UBS analyst Michael…

UBS analyst Michael Lasser raised the firm's price target on AutoZone to $2,540 from $2,260 but keeps a Neutral rating on the shares. The company's Q1 earnings beat showed "resiliency of business" and reflect a retailer that is "as reliable as one might find in the sector", the analyst tells investors in a research note. Lasser adds that in the DIFM segment, AutoZone's growth was below 20% for the first time in six quarters, though it accelerated about 90bps sequentially on a 3-year CAGR to 18.5%. The analyst notes however that the stock will still offer a "better entry point" in keeping a neutral stance.

ShowHide Related Items >><<
AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

12/01/22 Truist
AutoZone price target raised to $2,792 from $2,533 at Truist
11/29/22 Wells Fargo
AutoZone price target raised to $2,850 from $2,450 at Wells Fargo
11/28/22 Wedbush
AutoZone price target raised to $2,600 from $2,350 at Wedbush
11/17/22 Morgan Stanley
Advance Auto Parts price target lowered to $165 from $205 at Morgan Stanley
AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

AZO AutoZone
$2,453.60 /

-76.07 (-3.01%)

Hot Stocks
AutoZone opened 28 new stores in the U.S in Q1 » 06:57
12/06/22
12/06
06:57
12/06/22
06:57
AZO

AutoZone

$2,533.33 /

-37.97 (-1.48%)

During the quarter ended…

During the quarter ended November 19, 2022, AutoZone opened 28 new stores in the U.S., opened three stores in Mexico and four stores in Brazil. As of November 19, 2022, the company had 6,196 stores in the U.S., 706 in Mexico and 76 in Brazil for a total store count of 6,978.

ShowHide Related Items >><<
AZO AutoZone
$2,533.33 /

-37.97 (-1.48%)

AZO AutoZone
$2,533.33 /

-37.97 (-1.48%)

12/01/22 Truist
AutoZone price target raised to $2,792 from $2,533 at Truist
11/29/22 Wells Fargo
AutoZone price target raised to $2,850 from $2,450 at Wells Fargo
11/28/22 Wedbush
AutoZone price target raised to $2,600 from $2,350 at Wedbush
11/17/22 Morgan Stanley
Advance Auto Parts price target lowered to $165 from $205 at Morgan Stanley
AZO AutoZone
$2,533.33 /

-37.97 (-1.48%)

AZO AutoZone
$2,533.33 /

-37.97 (-1.48%)

AZO AutoZone
$2,533.33 /

-37.97 (-1.48%)

AZO AutoZone
$2,533.33 /

-37.97 (-1.48%)

Hot Stocks
AutoZone reports inventory up 17.6% y/y » 06:57
12/06/22
12/06
06:57
12/06/22
06:57
AZO

AutoZone

$2,533.33 /

-37.97 (-1.48%)

The company's…

The company's inventory increased 17.6% over the same period last year, driven by inflation and growth initiatives. Net inventory, defined as merchandise inventories less accounts payable, on a per store basis, was negative $249 thousand versus negative $207 thousand last year and negative $240 thousand last quarter.

ShowHide Related Items >><<
AZO AutoZone
$2,533.33 /

-37.97 (-1.48%)

AZO AutoZone
$2,533.33 /

-37.97 (-1.48%)

12/01/22 Truist
AutoZone price target raised to $2,792 from $2,533 at Truist
11/29/22 Wells Fargo
AutoZone price target raised to $2,850 from $2,450 at Wells Fargo
11/28/22 Wedbush
AutoZone price target raised to $2,600 from $2,350 at Wedbush
11/17/22 Morgan Stanley
Advance Auto Parts price target lowered to $165 from $205 at Morgan Stanley
AZO AutoZone
$2,533.33 /

-37.97 (-1.48%)

AZO AutoZone
$2,533.33 /

-37.97 (-1.48%)

AZO AutoZone
$2,533.33 /

-37.97 (-1.48%)

AZO AutoZone
$2,533.33 /

-37.97 (-1.48%)

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