
NYSE:AZO
This summary was created by AI, based on 5 opinions in the last 12 months.
Autozone Inc. (AZO-N) has garnered attention from various experts, reflecting a mixed outlook despite its history of consistent performance and aggressive share buybacks. While some believe the stock is positioned for a rebound with a reasonable price-to-earnings ratio of 19x, they acknowledge a lack of upward momentum in recent months, with a noted decline over the last six months. Nonetheless, the company's dedication to repurchasing shares, reducing its share count significantly since 2015, highlights its commitment to returning value to shareholders. Additionally, the increasing age of U.S. vehicles may drive demand for Autozone's parts and services, bolstering its long-term prospects. As the upcoming earnings report approaches, many experts maintain a positive stance on the stock's potential, arguing that current levels present a viable buying opportunity.
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.)