AZO Stock Summary and Trading Ideas (Autozone | NYSE:AZO)

AutoZone operates as a leading retailer of aftermarket automotive parts in the United States. The firm operates over 6,300 stores domestically, serving both the do-it-yourself and commercial (do-it-for-me) end markets. Through its vast store footprint and distribution network, AutoZone manages a wide array of stock-keeping units applicable to numerous vehicle makes and models, providing its consumers with ample product availability. The firm drives traffic by providing superior and convenient customer service as AutoZone's team of knowledgeable staff assists consumers with diagnosing a vehicle's problem, selecting the necessary part for replacement, and in some instances, installation. The company also operates internationally, with over 750 stores in Mexico and 100 in Brazil.

Autozone trades on the NYSE stock market under the symbol AZO.

As of April 19, 2024, AZO stock price climbed to $2,985.54 with 110,946 million shares trading.

AZO has a beta of 0.62, meaning it tends to be less sensitive to market movements. AZO has a correlation of 0.11 to the broad based SPY ETF.

AZO has a market cap of $51.69 billion. This is considered a Large Cap stock.

Last quarter Autozone reported $4 billion in Revenue and $28.89 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $2.52.

In the last 3 years, AZO stock traded as high as $3,256.37 and as low as $1,367.96.

The top ETF exchange traded funds that AZO belongs to (by Net Assets): VTI, VOO, SPY, VO, IVV.

AZO stock has underperformed the market in the last year with a return of +12.1%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AZO shares. However, AZO has outperformed the market in the last 3 month and 2 week periods, returning +8.7% and -3.8%, while SPY returned +3.0% and -4.5%, respectively. This indicates AZO has been having a stronger performance recently.

AZO support price is $2,932.92 and resistance is $3,013.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AZO stock will trade within this expected range on the day.