AutoZone Inc. ($AZO) Stock Forecast: Up 6.4% Today

What is AutoZone Inc.?

AutoZone (AZO) is a leading retailer and distributor of automotive replacement parts and accessories in the United States. The company operates over 6,000 stores across the U.S., Mexico, and Brazil.

Why is AutoZone Inc. going up?

AZO stock is up 6.4% on Feb 28, 2024 12:45

• AutoZone's stock experienced a strong bullish movement today, reaching an all-time high, following the release of impressive quarterly results that beat expectations.
• A financial institution raised the price target for AutoZone to $3,250, citing the company's impressive margins as a key driver for the stock's performance.
• The company's second-quarter earnings and sales exceeded estimates, showcasing a year-over-year rise and demonstrating solid growth in its store expansion efforts.
• The positive sentiment surrounding AutoZone contrasted with the performance of other companies which saw their stocks fall on the same day.

AZO Price Chart

AZO News

AutoZone shares get PT boost to $3,250 at Wells Fargo on ''impressive'' margins

https://www.investing.com/news/stock-market-news/autozone-shares-get-pt-boost-to-3250-at-wells-fargo-on-impressive-margins-93CH-3318164

https://www.investing.com/news/stock-market-news/autozone-shares-get-pt-boost-to-3250-at-wells-fargo-on-impressive-margins-93CH-3318164

StockNews.com Initiates Coverage on Oragenics ( NYSE:OGEN )

StockNews.com Initiates Coverage on ...

https://www.americanbankingnews.com/2024/02/28/stocknews-com-initiates-coverage-on-oragenics-nyseogen.html

AutoZone Stock Gets in the Record-Setting Zone After Strong Results

AutoZone shares jumped nearly 7% on Tuesday to an all-time high after the auto parts retailer reported quarterly results that beat expectations.

https://www.investopedia.com/autozone-stock-gets-in-the-record-setting-zone-after-strong-results-8600955

AutoZone, Macy''s rise; Unity Software, CarGurus fall, Tuesday, 2/27/2024

Stocks that are trading heavily or have substantial price changes on Tuesday: AutoZone, Macy’s rise; Unity Software, CarGurus fall.

https://apnews.com/article/financial-markets-stocks-wall-street-3c6a2862ff75ad365be916db3d989845

AutoZone ( AZO ) Q2 Earnings & Sales Beat Estimates, Rise Y/Y

AutoZone (AZO) reports better-than-expected second-quarter results. It opens 19 new stores in the United States and closes three, along with six new stores in Mexico and four in Brazil in the quarter.

https://www.zacks.com/stock/news/2232598/autozone-azo-q2-earnings-sales-beat-estimates-rise-yy

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AutoZone Inc. Price History

23.04.2023 - AZO Stock was down 3.9%

• AutoZone reported an increase in net sales for its third quarter, but the stock still had a bearish movement.
• The overall market sentiment among U.S. investors improved, but this did not seem to have a positive impact on AutoZone's stock.
• An individual or institution took a bullish stance on AutoZone, but this did not prevent the bearish movement.
• It is possible that the market was disappointed with AutoZone's earnings results, which were scheduled to be announced on the same day as the bearish movement.

28.01.2024 - AZO Stock was up 6.4%

• AutoZone's stock (AZO) surged nearly 7% to an all-time high after reporting quarterly results that exceeded expectations.
• The company's second-quarter earnings and sales beat estimates, with sales growth of 4.6% year-over-year.
• Positive momentum was driven by the opening of new stores in the U.S., Mexico, and Brazil, as well as strong domestic and international same-store sales growth.
• The market reacted favorably to AutoZone's robust performance, indicating investor confidence in the company's growth prospects and operational efficiency.

27.01.2024 - AZO Stock was up 5.5%

• AutoZone's stock (AZO) experienced a bullish movement today due to the following reasons:
• The company reported higher sales and net profit in the second quarter of 2024, showcasing strong financial performance.
• Improved margins and sales growth compared to the previous year contributed to the positive investor sentiment.
• AutoZone's ability to beat profit estimates amid the DIY trend reflects its resilience and adaptability in the market, driving investor confidence and pushing the stock price higher.

28.01.2024 - AZO Stock was up 6.4%

• AutoZone (AZO) saw a significant rise in its stock price today.
• The impressive second-quarter results surpassed expectations, driving the upward movement.
• Strong sales growth and expansion into new markets have boosted investor confidence.
• Analyst evaluations and favorable coverage have also contributed to the positive momentum of AutoZone's stock.

28.01.2024 - AZO Stock was up 6.4%

• AutoZone's stock experienced a strong bullish movement today, reaching an all-time high, following the release of impressive quarterly results that beat expectations.
• A financial institution raised the price target for AutoZone to $3,250, citing the company's impressive margins as a key driver for the stock's performance.
• The company's second-quarter earnings and sales exceeded estimates, showcasing a year-over-year rise and demonstrating solid growth in its store expansion efforts.
• The positive sentiment surrounding AutoZone contrasted with the performance of other companies which saw their stocks fall on the same day.

27.01.2024 - AZO Stock was up 6.4%

• AutoZone (AZO) reported better-than-expected second-quarter earnings and sales, showcasing strong growth in both domestic and international markets.
• The company's strategic expansion with the opening of new stores in the United States, Mexico, and Brazil contributed to its positive performance.
• The market responded positively to AutoZone's robust Q2 momentum and higher sales, driving the stock price higher as investors showed confidence in the company's growth trajectory.
• Overall, AutoZone's solid financial results and expansion efforts have fueled investor optimism, leading to a bullish movement in the stock price.

19.09.2023 - AZO Stock was down 5.5%

• The bearish movement in AutoZone's stock today could be attributed to the insider sell by Sr. Vice President Albert Saltiel. This could have raised concerns among investors about the company's future prospects.
• The unusual options activity, with a bearish stance taken by someone with a significant amount of money, could have also influenced the market movement.
• Despite the bearish movement, it's worth noting that AutoZone has shown market leadership in the past, with its Relative Strength (RS) Rating consistently in the 80-plus percentile. This indicates that the company has performed well compared to other stocks in the market.
• Overall, the bearish movement in AutoZone's stock today could be a result of insider selling and the presence of bearish options activity. However, it's important to consider the company's strong market leadership and previous performance when assessing its future prospects.

27.01.2024 - AZO Stock was up 5.5%

• AutoZone (AZO) experienced a strong bullish movement today.
• The surge in AZO stock can be attributed to the company's robust second-quarter 2024 earnings report, which exceeded market expectations.
• The sales growth of 4.6% year-over-year, higher-than-expected net profit, and improved margins contributed to the positive investor sentiment.
• The increase in domestic same-store sales and international sales on a constant currency basis also added to the bullish momentum, showcasing the company's strong performance in both its core and international markets.