AutoZone Pulling Back Into the Buy Zone
AutoZone(AZO) marketbeat.com·2024-05-22 00:55
Key PointsAutoZone had a solid quarter, but results are mixed relative to consensus, and shares are pulling back.The uptrend is intact and will likely result in a buy-signal soon. Cash flow and massive share buybacks support the uptrend and point to a new all-time high before year-end. 5 stocks we like better than AutoZoneAutoZone NYSE: AZO share prices are declining because the Q3 results weren’t strong enough. The company says the timing of tax payments and cold weather impacted the results, which are one ...