AutoZone (AZO)

• Market cap: $52.5B
• 1 day: -0.91%
• 5 days: -0.33%
• 1 month: 0.24%
• 3 months: -1.94%
• 6 months: 6.05%
• Year to date: 20.99%
• 1 year: 15.68%
• 5 years: 165.17%
• 10 years: 447.04%
• Sector: Consumer Discretionary
• Industry: Auto & Home Supply Stores

About: AutoZone operates as a leading retailer of aftermarket automotive parts in the United States. The firm operates over 6,400 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: 126,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

11.7% more ownership

Funds ownership: 94.6% [Q2] → 106.3% (+11.7%) [Q3]

3% more repeat investments, than reductions

Existing positions increased: 380 | Existing positions reduced: 369

2% more capital invested

Capital invested by funds: $47.4B [Q2] → $48.6B (+$1.12B) [Q3]

0% less funds holding

Funds holding: 1,115 [Q2] → 1,110 (-5) [Q3]

4% less first-time investments, than exits

New positions opened: 114 | Existing positions closed: 119

12% less funds holding in top 10

Funds holding in top 10: 42 [Q2] → 37 (-5) [Q3]

24% less call options, than puts

Call options by funds: $971M | Put options by funds: $1.28B

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $3,025 3% downside
• Avg. target: $3,348 8% upside
• High target: $3,634 17% upside

13 analyst ratings

• positive: 12 92%
• neutral: 1 8%
• negative: 0 0%

Roth MKM Scott Stember 70% 1-year accuracy 16 / 23 met price target	17% upside $3,634	Buy Reinstated	16 Oct 2024
Truist Securities Scot Ciccarelli 62% 1-year accuracy 51 / 82 met price target	13% upside $3,501	Buy Maintained	14 Oct 2024
Evercore ISI Group Greg Melich 88% 1-year accuracy 53 / 60 met price target	8% upside $3,350	Outperform Maintained	3 Oct 2024
DA Davidson Michael Baker 59% 1-year accuracy 23 / 39 met price target	3% downside $3,025	Neutral Maintained	30 Sept 2024
Citigroup Steven Zaccone 71% 1-year accuracy 10 / 14 met price target	13% upside $3,500	Buy Maintained	25 Sept 2024