AutoZone
About: 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 more than 100 in Brazil.
Employees: 119,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
14% more repeat investments, than reductions
Existing positions increased: 416 | Existing positions reduced: 366
1.09% more ownership
Funds ownership: 92.13% [Q1] → 93.22% (+1.09%) [Q2]
2% less funds holding
Funds holding: 1,133 [Q1] → 1,112 (-21) [Q2]
2% less funds holding in top 10
Funds holding in top 10: 43 [Q1] → 42 (-1) [Q2]
6% less capital invested
Capital invested by funds: $49.8B [Q1] → $46.7B (-$3.04B) [Q2]
18% less first-time investments, than exits
New positions opened: 93 | Existing positions closed: 114
36% less call options, than puts
Call options by funds: $680M | Put options by funds: $1.07B
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Truist Securities Scot Ciccarelli 59% 1-year accuracy 46 / 78 met price target | 13%upside $3,501 | Buy Maintained | 14 Oct 2024 |
Evercore ISI Group Greg Melich 96% 1-year accuracy 49 / 51 met price target | 8%upside $3,350 | Outperform Maintained | 3 Oct 2024 |
DA Davidson Michael Baker 63% 1-year accuracy 20 / 32 met price target | 2%downside $3,025 | Neutral Maintained | 30 Sept 2024 |
Citigroup Steven Zaccone 75% 1-year accuracy 9 / 12 met price target | 13%upside $3,500 | Buy Maintained | 25 Sept 2024 |
Guggenheim Steven Forbes 92% 1-year accuracy 12 / 13 met price target | 8%upside $3,350 | Buy Maintained | 25 Sept 2024 |
Financial journalist opinion
Based on 32 articles about AZO published over the past 30 days