AZO Stock Recent News
AZO LATEST HEADLINES
While the overall market hovers near an all-time high, retail stocks lagged. Take the SPDR S&P Retail ETFÂ (NYSEARCA: XRT ), for instance, the largest ETF in the space, which has yet to reclaim its 2021 highs.
AutoZone (AZO) concluded the recent trading session at $2,941.73, signifying a +0.69% move from its prior day's close.
Recently, Zacks.com users have been paying close attention to AutoZone (AZO). This makes it worthwhile to examine what the stock has in store.
AutoZone (AZO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
AutoZone delivered strong EPS growth in Q3, outperforming analyst estimates by $1.02 per share but fell short of revenue expectations. Despite challenges in the domestic market, AutoZone is focused on growth through store expansion, commercial focus, and international markets. Management is aligned with long-term success, but high leverage and declining free cash flow raise concerns about an aggressive buyback program.
Stock splits are popular once again. In June, Nvidia (NASDAQ: NVDA ) split its stock on a 10-for-1 basis and Chipotle Mexican Grill (NYSE: CMG ) executed a 50-for-1 split, the first in the restaurant chain's history.
Zacks.com users have recently been watching AutoZone (AZO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
AutoZone (AZO) reported earnings 30 days ago. What's next for the stock?
As AutoZone (AZO) approves an additional $1.5 billion for share repurchases, we assess the current positioning of the stock to determine if it's a good investment at this juncture.
MEMPHIS, Tenn., June 19, 2024 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), today, announced its Board of Directors authorized the repurchase of an additional $1.5 billion of the Company's common stock in connection with its ongoing share repurchase program. Since the inception of the repurchase program in 1998, and including the above amount, AutoZone's Board of Directors has authorized $39.2 billion in share repurchases.