Why is AutoZone stock so high? (2024)

Why is AutoZone stock so high?

1. Strong fundamental performance. AutoZone's stock performance can be credited to fundamental strength. The company's revenue and net income have increased at annualized rates of 6.8% and 10.3%, respectively, in the last 10 years.

Is AutoZone a good stock to buy now?

AutoZone has 14.33% upside potential, based on the analysts' average price target. AutoZone has a conensus rating of Strong Buy which is based on 16 buy ratings, 2 hold ratings and 0 sell ratings. The average price target for AutoZone is $3,319.44.

Who owns majority of AutoZone stock?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., Jpmorgan Chase & Co, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Fiera Capital Corp, Fmr Llc, VFINX - Vanguard 500 Index Fund Investor Shares, Royal Bank Of Canada, and Geode Capital Management, Llc . AutoZone, Inc.

When was the last time AutoZone stock split?

AutoZone enacted a 2-for-1 forward split in 1992 and another one in 1994. The company has not had another split in 30 years.

Is AutoZone a profitable company?

AutoZone gross profit for the twelve months ending February 29, 2024 was $9.439B, a 8.66% increase year-over-year. AutoZone annual gross profit for 2023 was $9.07B, a 7.06% increase from 2022. AutoZone annual gross profit for 2022 was $8.473B, a 9.78% increase from 2021.

Is AutoZone in debt?

Total debt on the balance sheet as of February 2024 : $11.82 B. According to AutoZone's latest financial reports the company's total debt is $11.82 B. A company's total debt is the sum of all current and non-current debts.

Why should I invest in AutoZone?

Strong fundamental performance

AutoZone's stock performance can be credited to fundamental strength. The company's revenue and net income have increased at annualized rates of 6.8% and 10.3%, respectively, in the last 10 years.

Has AutoZone stock ever split?

AutoZone hasn't split its stock since April 1994, with a single share setting investors back nearly $3,240, as of March 22.

Who is bigger Advance or AutoZone?

AutoZone has 5,384 North American company-owned stores, including 402 company-owned stores in Mexico. Advance Auto Parts, which does not have any company owned stores in Mexico, has 5,261 in North America.

Does AutoZone stock pay dividends?

Does AutoZone pay dividends? No.

Is O Reilly stock going to split?

O'Reilly Automotive Inc. announced May 24 that its board of directors declared a two-for-one stock split in the form of a 100 percent stock dividend to all shareholders of its common stock as of the close of business May 31.

When did AutoZone stock go public?

1991. AutoZone's stock, ticker symbol: AZO, debuted on the New York Stock Exchange (NYSE).

How many shares of AutoZone stock are there?

According to AutoZone's latest financial reports and stock price the company's current number of shares outstanding is 17,319,000. At the end of 2024 the company had 17,319,000 shares outstanding. The number of outstanding shares is usually impacted by stock plits and shares buy back.

What is the highest pay at AutoZone?

Some of the highest wages a worker can make at Autozone are in the job titles Cdl Truck Driver ($89,656), and title Retail Management Trainee ($54,000) which are the highest paying jobs at Autozone.

What is the future of AutoZone?

AZO is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of A. Earnings are expected to grow 13.8% year-over-year for the current fiscal year, with sales growth of 6.9%. 10 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024.

Is AutoZone doing well?

This stock has tripled in the last five years. Shares of auto-parts retail chain AutoZone (AZO -0.59%) hit new all-time highs on Tuesday after the company reported financial results for its fiscal second quarter of 2024. As of 1:45 p.m. ET, AutoZone stock was up almost 6%.

What is the controversy with AutoZone?

AutoZone paid $3.3 million to settle a lawsuit by the families of a family who was killed due to being rear-ended by an AutoZone-owned truck. The suit alleges that AutoZone was negligent in training the driver of the truck.

Is AutoZone in financial trouble?

AutoZone's likelihood of distress is less than 5% at this time. It is unlikely to undergo any financial crunch in the next 24 months. Odds of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions.

Who is AutoZone owned by?

The Vanguard Group, Inc. owns AutoZone, but a number of companies hold a stake in AutoZone. Here is a list of some of the top companies that are AutoZone stockholders and their stake percentages: The Vanguard Group, Inc.

Is AutoZone a good long term investment?

Many value investors pay close attention to a company's earnings as well. For AZO, 10 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.60 to $151.33 per share for 2024. Per share AZO boasts an average earnings surprise of 7.7%.

Why did AutoZone stock go down?

AutoZone easily beat earnings and sales estimates for its fiscal fourth quarter but the stock was falling after sales in the company's domestic commercial division came up short. AutoZone (ticker: AZO) posted fourth-quarter earnings of $46.46 a share, rising from a year ago and beating Wall Street's estimate of $45.17.

Will AutoZone stock continue to rise?

The AutoZone stock price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. Based on the current trend the price of AZO stock is predicted to rise by 1.39% tomorrow and gain 3.84% in the next 7 days.

Which stock is splitting in 2024?

Which stocks are over $1000 per share?

How much dividend does AutoZone pay?

AutoZone Inc does not pay dividend.

If you're interested in stocks that pay dividends, check out our high yield dividend screener to find our best dividend stocks, or explore our list of top dividend stocks below.