AutoZone (AZO)

• Market cap: $54.7B
• 1 day: 1.19%
• 5 days: -3.43%
• 1 month: 6.69%
• 3 months: 7.71%
• 6 months: 8.15%
• Year to date: 26.67%
• 1 year: 24.78%
• 5 years: 165.21%
• 10 years: 427.61%
• 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)

20% more first-time investments, than exits

New positions opened: 115 | Existing positions closed: 96

1.82% more ownership

Funds ownership: 94.07% [Q2] → 95.89% (+1.82%) [Q3]

2% more funds holding

Funds holding: 1,116 [Q2] → 1,135 (+19) [Q3]

4% more repeat investments, than reductions

Existing positions increased: 391 | Existing positions reduced: 376

3% more capital invested

Capital invested by funds: $47.2B [Q2] → $48.4B (+$1.22B) [Q3]

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

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

• Low target: $3,025 7% downside
• Avg. target: $3,582 10% upside
• High target: $3,900 20% upside

12 analyst ratings

• positive: 11 92%
• neutral: 1 8%
• negative: 0 0%

TD Cowen Max Rakhlenko 78% 1-year accuracy 14 / 18 met price target	17% upside $3,800	Buy Maintained	16 Dec 2024
BMO Capital Tristan Thomas-Martin 56% 1-year accuracy 5 / 9 met price target	14% upside $3,700	Outperform Initiated	13 Dec 2024
Wells Fargo Zachary Fadem 69% 1-year accuracy 24 / 35 met price target	15% upside $3,750	Overweight Maintained	11 Dec 2024
Citigroup Steven Zaccone 65% 1-year accuracy 11 / 17 met price target	20% upside $3,900	Buy Maintained	11 Dec 2024
Evercore ISI Group Greg Melich 84% 1-year accuracy 54 / 64 met price target	6% upside $3,450	Outperform Maintained	11 Dec 2024