
NYSE:AZO
This summary was created by AI, based on 5 opinions in the last 12 months.
Autozone Inc. (AZO-N) is a company that has generated considerable conversation among experts, primarily due to its aggressive share buyback strategy, which has reduced the number of shares outstanding by 45% since 2015. Despite the company's solid fundamentals and consistent performance, analysts have noted a slight decline in share value, with a 2% drop over the last six months. Nevertheless, many believe this dip presents an excellent buying opportunity. The overall sentiment is positive regarding the company’s potential for recovery as the age of vehicles in the U.S. rises, making Autozone's parts increasingly necessary for consumers looking to maintain their vehicles rather than invest in new ones. Upcoming financial reports are anticipated to provide further clarity, but the stock remains a long-term recommendation for several experts.
Auto parts retailer. Trading at about 13X earnings. There was a scare about 2 months ago when Amazon (AMZN-Q) decided they wanted to be in this space. Last quarter results were weak due to milder weather and some delay in tax refunds. Trading at 13X earnings with a 6% free cash flow yield. They can provide services Amazon can’t, such as instructional videos, as well as lending tools and disposing of used oil. (Analysts’ price target is $737.50.)