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Autozone Inc Stock Research

AZO

2329.40USD+21.58(+0.94%)Market Closed

Market Summary

USD2329.40+21.58
Market Closed
0.94%

AZO Alerts

AZO Stock Price

AZO RSI Chart

AZO Valuation

Market Cap

44.3B

Price/Earnings (Trailing)

18.34

Price/Sales (Trailing)

2.67

EV/EBITDA

12.63

Price/Free Cashflow

17.42

AZO Price/Sales (Trailing)

AZO Profitability

EBT Margin

18.31%

Return on Assets

15.76%

Free Cashflow Yield

5.74%

AZO Fundamentals

AZO Revenue

Revenue (TTM)

16.6B

Revenue Y/Y

8.62%

Revenue Q/Q

-25.49%

AZO Earnings

Earnings (TTM)

2.4B

Earnings Y/Y

-2.87%

Earnings Q/Q

-33.42%

Price Action

52 Week Range

1703.322610.05
(Low)(High)

Last 7 days

-3.5%

Last 30 days

-9.3%

Last 90 days

-4.2%

Trailing 12 Months

15.7%

AZO Financial Health

Current Ratio

0.76

AZO Investor Care

Buy Backs (1Y)

9.44%

Diluted EPS (TTM)

119.07

Peers (Alternatives to Autozone)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
50.6B
14.4B
-3.77% 15.78%
23.27
3.51
8.12% 0.37%
44.3B
16.6B
-9.27% 15.68%
18.34
2.67
9.40% 5.72%
9.1B
31.6B
-16.85% -41.80%
15.86
0.29
7.73% -52.09%
MID-CAP
9.3B
27.8B
-10.01% 32.05%
6.71
0.33
8.84% 16.18%
6.6B
11.2B
-22.83% -47.92%
13.09
0.59
1.43% -18.54%
5.9B
27.0B
-13.37% 9.90%
4.31
0.22
4.41% 0.32%
5.8B
28.2B
-17.52% -33.88%
4.63
0.21
23.46% 18.01%
5.7B
23.4B
-7.70% 29.37%
8.48
0.24
35.05% 69.54%
4.4B
15.4B
-13.37% 14.02%
4.4
0.28
66.05% 78.54%
3.3B
15.6B
-31.97% -32.93%
-16.31
0.21
-6.32% -178.91%
SMALL-CAP
1.3B
10.8B
2.29% 92.05%
7.94
0.12
47.82% 180.33%
804.4M
7.0B
-18.57% -34.19%
5.87
0.12
0.77% -50.82%
594.1M
2.3B
-21.19% -37.67%
3.27
0.25
10.30% 8.61%
473.8M
1.3B
-4.64% -13.46%
7.61
0.35
25.02% -44.81%

Financials for Autozone

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.9%16,56816,25215,81715,60315,144
Gross Profit0.8%8,5428,4738,2858,1937,967
  S&GA Expenses1.9%5,3035,2025,0744,9644,884
EBITDA-1.0%3,6643,7003,456--
EBITDA Margin-2.9%0.22*0.23*0.22*--
Earnings Before Taxes-1.5%3,0333,0793,0253,0402,891
EBT Margin-3.4%0.18*0.19*0.19*--
Interest Expenses-179----
Net Income-0.7%2,4142,4302,4052,4092,283
Net Income Margin-2.6%0.15*0.15*0.15*--
Free Cahsflow0.1%2,5422,5392,656--
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets0.3%15,31615,27514,52114,07814,461
  Current Assets0.1%6,6336,6286,2555,9046,349
    Cash Equivalents2.0%270264263239961
  Net PPE0.5%5,1955,1704,9724,8794,858
  Goodwill0%303303303303303
  Current Liabilities1.4%8,7098,5888,0647,6858,088
    LT Debt, Current-500----
    LT Debt, Non Current3.4%6,3286,1226,0575,8414,771
  Retained Earnings40.5%-790-1,330-2,138-2,730135
  Additional Paid-In Capital4.3%1,4131,3541,3161,2661,500
Accumulated Depreciation2.2%4,3774,2834,1684,0863,997
Shares Outstanding-4.0%19.0020.0021.0021.00-
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations0.5%3,2273,2113,2713,6183,613
  Share Based Compensation6.7%75.0071.0067.0063.0060.00
Cashflow From Investing-3.5%-671-648-603-584-582
Cashflow From Financing6.3%-3,250-3,470-3,380-3,819-3,732
  Buy Backs0.0%4,3604,3604,3004,3003,600

Risks for AZO

What is the probability of a big loss on AZO?

35.4%


Probability that Autozone stock will be more than 20% underwater in next one year

19.2%


Probability that Autozone stock will be more than 30% underwater in next one year.

14.6%


Probability that Autozone stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AZO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Autozone was unfortunately bought at previous high price.

Drawdowns

Returns for AZO

Cumulative Returns on AZO

19.5%


10-Year Cumulative Returns

16.4%


7-Year Cumulative Returns

29.6%


5-Year Cumulative Returns

42.3%


3-Year Cumulative Returns

What are the long-term rolling returns for AZO?

FIve years rolling returns for Autozone.

Annualized Returns

Which funds bought or sold AZO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
14.29
1,272,750
5,304,750
0.15%
2023-03-10
BAILLIE GIFFORD & CO
added
107
6,226,090
10,713,100
0.01%
2023-03-10
MATHER GROUP, LLC.
added
5.12
184,924
1,062,920
0.02%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-8.63
2,298,160
46,512,200
0.05%
2023-03-08
SHEETS SMITH WEALTH MANAGEMENT
unchanged
-
69,763
527,763
0.08%
2023-03-07
Great Lakes Retirement, Inc.
new
-
646,139
646,139
0.16%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-17.86
-71,000
1,247,000
0.01%
2023-03-03
TIAA, FSB
reduced
-8.85
39,501
838,501
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-14.00
-545
106,455
0.06%
2023-03-01
Lakewood Asset Management LLC
new
-
2,718,000
2,718,000
2.20%

1–10 of 47

Latest Funds Activity

Are funds buying AZO calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own AZO
No. of Funds

Autozone News

MarketBeat

Gateway Investment Advisers LLC Buys Shares of 82 AutoZone, Inc ....

MarketBeat,
3 hours ago

Yahoo Finance

15 Best Cyclical Stocks to Buy Now.

Yahoo Finance,
46 hours ago

Schedule 13G FIlings of Autozone

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
9.84%
1,847,481
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G
Feb 03, 2023
blackrock inc.
8.2%
1,537,903
SC 13G/A
Jan 18, 2023
jpmorgan chase & co
6.4%
1,202,506
SC 13G/A
Feb 09, 2022
vanguard group inc
9.44%
1,948,523
SC 13G/A
Feb 01, 2022
blackrock inc.
7.3%
1,513,879
SC 13G/A
Jan 19, 2022
jpmorgan chase & co
5.0%
1,042,048
SC 13G
Feb 10, 2021
vanguard group inc
9.30%
2,115,696
SC 13G/A
Feb 08, 2021
fmr llc
-
0
SC 13G/A
Jan 29, 2021
blackrock inc.
7.4%
1,683,482
SC 13G/A

AZO Fair Value

Autozone fair value in different scenarios

The table shows the Fair Value estimates for Autozone for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

1378.74

-40.81%

1922.76

-17.46%

2639.17

13.30%

3873.94

66.31%

4860.14

108.64%
Current Inflation

1272.33

-45.38%

1739.07

-25.34%

2342.30

0.55%

3383.52

45.25%

4208.33

80.66%
Very High Inflation

1139.73

-51.07%

1516.65

-34.89%

1991.55

-14.50%

2814.45

20.82%

3459.09

48.50%

Historical Autozone Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Autozone

View All Filings
Date Filed Form Type Document
Mar 23, 2023
8-K
Current Report
Mar 17, 2023
10-Q
Quarterly Report
Mar 16, 2023
4
Insider Trading
Mar 09, 2023
8-K
Current Report
Mar 07, 2023
4
Insider Trading
Feb 28, 2023
8-K
Current Report
Feb 09, 2023
SC 13G
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 03, 2023
SC 13G/A
Major Ownership Report
Jan 27, 2023
8-K
Current Report

Latest Insider Trading transactions for AZO

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-14
RHODES WILLIAM C III
sold
-71,631,100
2,427
-29,511
chairman, president & ceo
2023-03-14
RHODES WILLIAM C III
acquired
21,720,100
736
29,511
chairman, president & ceo
2023-03-06
McGee Grant E.
sold
-3,955,820
2,511
-1,575
sr. vice president
2023-03-06
McGee Grant E.
acquired
924,730
587
1,575
sr. vice president
2023-01-20
Daniele Philip B.
acquired
146,782
587
250
executive vice president
2023-01-11
RHODES WILLIAM C III
sold
-9,241,410
2,431
-3,800
chairman, president & ceo
2023-01-09
RHODES WILLIAM C III
sold
-2,975,150
2,479
-1,200
chairman, president & ceo
2023-01-05
McGee Grant E.
acquired
1,266,240
744
1,700
sr. vice president
2023-01-05
Daniele Philip B.
acquired
351,416
784
448
executive vice president
2023-01-05
McGee Grant E.
sold
-4,165,000
2,450
-1,700
sr. vice president

1–10 of 50

William C. Rhodes
65535
AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs. In addition, the company offers maintenance products, such as antifreeze and windshield washer fluids; brake drums, rotors, shoes, and pads; brake and power steering fluids, and oil and fuel additives; oil and transmission fluids; oil, cabin, air, fuel, and transmission filters; oxygen sensors; paints and accessories; refrigerants and accessories; shock absorbers and struts; spark plugs and wires; and windshield wipers. Further, it provides air fresheners, cell phone accessories, drinks and snacks, floor mats and seat covers, interior and exterior accessories, mirrors, performance products, protectants and cleaners, sealants and adhesives, steering wheel covers, stereos and radios, tools, and wash and wax products, as well as towing services. Additionally, the company provides a sales program that offers commercial credit and delivery of parts and other products; sells automotive diagnostic and repair software under the ALLDATA brand through alldata.com and alldatadiy.com; and automotive hard parts, maintenance items, accessories, and non-automotive products through autozone.com. As of November 20, 2021, it operated 6,066 stores in the United States; 666 stores in Mexico; and 53 stores in Brazil. The company was founded in 1979 and is based in Memphis, Tennessee.

AZO Income Statement

2023-02-11
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended5 Months Ended6 Months Ended
Feb. 11, 2023
Feb. 12, 2022
Feb. 11, 2023
Feb. 12, 2022
CONDENSED CONSOLIDATED STATEMENTS OF INCOME    
Net sales$ 3,690,982$ 3,369,750$ 7,676,049$ 7,038,653
Cost of sales, including warehouse and delivery expenses1,760,9791,584,5243,751,4243,328,267
Gross profit1,930,0031,785,2263,924,6253,710,386
Operating, selling, general and administrative expenses1,260,0261,158,4662,531,6152,329,141
Operating profit669,977626,7601,393,0101,381,245
Interest expense, net65,60942,471123,33285,755
Income before income taxes604,368584,2891,269,6781,295,490
Income tax expense127,824112,534253,816268,500
Net income$ 476,544$ 471,755$ 1,015,862$ 1,026,990
Weighted average shares for basic earnings per share18,70520,51318,85620,750
Effect of dilutive stock equivalents632645635633
Weighted average shares for diluted earnings per share19,33721,15819,49121,383
Basic earnings per share$ 25.48$ 23.00$ 53.87$ 49.49
Diluted earnings per share$ 24.64$ 22.30$ 52.12$ 48.03

AZO Balance Sheet

2023-02-11
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Feb. 11, 2023
Aug. 27, 2022
Current assets:  
Cash and cash equivalents$ 301,286$ 264,380
Accounts receivable484,767504,886
Merchandise inventories5,731,2555,638,004
Other current assets277,497220,714
Total current assets6,794,8056,627,984
Property and equipment:  
Property and equipment9,723,8559,453,171
Less: Accumulated depreciation and amortization(4,487,726)(4,282,752)
Property and equipment, net5,236,1295,170,419
Operating lease right-of-use assets2,943,8442,918,817
Goodwill302,645302,645
Deferred income taxes59,81452,047
Other long-term assets207,905203,131
Other long-term assets, total3,514,2083,476,640
Total assets15,545,14215,275,043
Current liabilities:  
Accounts payable7,321,5517,301,347
Current portion of operating lease liabilities275,269243,407
Accrued expenses and other933,7351,008,701
Income taxes payable84,06334,938
Total current liabilities8,614,6188,588,393
Long-term debt7,042,3026,122,092
Operating lease liabilities, less current portion2,854,2272,837,973
Deferred income taxes536,102533,884
Other long-term liabilities682,063731,614
Commitments and contingencies
Stockholders' deficit:  
Preferred stock, authorized 1,000 shares; no shares issued
Common stock, par value $.01 per share, authorized 200,000 shares; 18,786 shares issued and 18,467 shares outstanding as of February 11, 2023; 20,732 shares issued and 19,126 shares outstanding as of August 27, 2022188207
Additional paid-in capital1,324,2581,354,252
Retained deficit(4,471,842)(1,330,067)
Accumulated other comprehensive loss(269,312)(300,536)
Treasury stock, at cost(767,462)(3,262,769)
Total stockholders' deficit(4,184,170)(3,538,913)
Total liabilities and stockholders' deficit$ 15,545,142$ 15,275,043