It has been about a month since the last earnings report for AutoZone (AZO) . Shares have added about 7.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is AutoZone due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. AutoZone Pulls Off a Surprise in Q3 Earnings, Sales ...

U.S.-based auto parts retailer AutoZone (AZO) has announced an additional stock repurchase authorization of $1.5 billion. Since the inception of the stock buyback program and including the latest authorization, the company has authorized $39.2 billion in share repurchases. In the last reported quarter, AutoZone repurchased shares worth $735 million. At the end of the quarter, it had over $1.4 billion remaining under share repurchase authorization. Investment-grade ratings from major rating agencies and stro ...

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. "AutoZone's continuing ability to generate strong free cash flow allows us to increa ...

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. "AutoZone's continuing ability to generate strong free cash flow allows us to increa ...

AutoZone (AZO) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this auto parts retailer have returned -3%, compared to the Zacks S&P 500 composite's +4.2% change. During this period, the Zacks Automotive - Retail and Wholesale - Parts industry, which AutoZone falls in, has lost 3.2%. The key question now is: What could be the stock's future direction? Al ...

For Immediate Release Chicago, IL – June 12, 2024 – Today, Zacks Equity Research discusses O’Reilly Automotive (ORLY) and AutoZone (AZO) Industry: Auto Parts Link: https://www.zacks.com/commentary/2286428/2-auto-parts-retailers-worth-watching-on-industry-strength The Zacks Automotive-Retail and Wholesale-Parts industry is benefiting from ongoing vehicle demand and the increasing age of vehicles. Additionally, the rise of technologically advanced vehicles has increased consumer dependence on professional ser ...

The Zacks Automotive-Retail and Wholesale-Parts industry is benefiting from ongoing vehicle demand and the increasing age of vehicles. Additionally, the rise of technologically advanced vehicles has increased consumer dependence on professional services, creating new opportunities for industry players. To capitalize on these opportunities, auto parts retailers need to devise comprehensive strategies. Effective cost management is crucial in this dynamic market environment. Noteworthy industry participants wo ...

Cash-cow stocks represent a distinctive category in the stock market that retail investors tend to underappreciate. But what are cash-cow stocks? As the name suggests, cash-cow stocks generate substantial, predictable and recurring free cash flow per share. This metric is generally more telling than earnings per share because it provides a clearer picture of the actual cash available for quick deployment, omitting non-cash factors such as depreciation. Free cash flow’s consistency and reliability help inves ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended May 4, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _______ to ________. Commission file number 1-10714 AUTOZONE, INC. (Exact name of registrant as specified in its charter) Nevada 62-1482048 (State or othe ...

MEMPHIS, Tenn., June 05, 2024 (GLOBE NEWSWIRE) -- AutoZone (NYSE:AZO) recognized 17 of its top suppliers at their annual Vendor Summit. The awards honor companies that provided exceptional performance and demonstrated a strong commitment to customer satisfaction during the past year. AutoZone awarded JK Fenner the 2024 Vendor of the Year, the highest vendor honor from the company. JK Fenner is a leader in Mechanical Power Transmission products and was praised for providing outstanding customer service, prio ...