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$2,735.02 $38.87 (1.4%)

12:12 PM EST on 02/21/24

AutoZone, Inc. (NYSE:AZO)

CAPS Rating: 5 out of 5

The Company is a specialty retailer of automotive parts and accessories.

Current Price $2,735.02 Mkt Cap $46.6B
Open $2,699.83 P/E Ratio 19.57
Prev. Close $2,696.15 Div. (Yield) $0.00 (0.0%)
Daily Range $2,680.96 - $2,739.47 Volume 42,782
52-Wk Range $2,277.88 - $2,855.21 Avg. Daily Vol. 152,803

Caps

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All Players

484 Outperform
159 Underperform
 

All-Star Players

100 Outperform
20 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top NYSE:AZO Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

dreamjob (75.22)
Submitted February 08, 2023

Gross Profit to Assets: 61%EBIT/EV: 5.9%Slightly under-valued here, strong brand, strong cash flow. A strong business with a future.

InvestRight (75.10)
Submitted March 14, 2018

Let's play the market cap game. AutoZone stores are not as popular as they used to be, and electric cars and ride sharing are coming, so let's guess...3 Billion? HOLY CRAP, it's 16 BILLION. Underperform, short every single auto parts retailer!!!

Recent Community Commentary

Read the most recent pitches from players about AZO.

Recs

0
Member Avatar valunvesthere (95.46) Submitted: 12/18/2023 3:59:00 AM : Outperform Start Price: $2,638.00 NYSE:AZO Score: -1.95

In the pre-pandemic era, the average length of vehicle ownership was 8 years in America and Canada. Even shorter or almost equal on leasing terms of 2 years (24 months), 3 years (36 months), 4 years (48 months), 5 years (60 months), 6 years (72 months), 7 years (84 months). It was a time when there was abundance and plenty of choices, it's like anybody can go to a dealer view, test drive, negotiate lower prices, ask for free accessories at best or discounted accessories at worst, bargaining on protection packages, extended warranties, discuss terms for free to discounted vehicle servicing for the future on dealer lot, and etc.

Now in the post-pandemic era the length of vehicle ownership is stretching as long as they can at 8 years plus and beyond in America and Canada. The main reasons on the buyers end is employment and financial uncertainty. The sellers end is supply chain issues, inflation, high interest rates, there are limited vehicles and choices on dealer lots, and etc. Anybody who goes to a dealer now, is most likely buying vehicle sight unseen which eliminates haggling because the dealer doesn't have product as a result the dealer isn't desperate to sell to make room or inventory turnover. In the post-pandemic era consumers are ordering new vehicles specifying to the salesperson what they want and the dealer makes a firm quote which is nearly always the final price. This is basically building a car where the prices go up as customers keep adding on options, packages, etc. On top of all this if they do buy the vehicle they'll have to wait months to years as the dealer sends customers orders of specifications to the manufacturer to be built.

Due to covid, it is safe to say it's a covid legacy at worst or a temporary industry glitch at best. We definitely do know Americans and Canadians are keeping their vehicles as long as they can or indefinitely, this is possible due to TLC (Tender Love and Care), regular maintenance, necessary replacement of worn and torn parts, and etc. Whether it's a covid legacy or an temporary industry glitch the issue is upon us during time of writing and positively I'm sure the aftermarket parts retailers will benefit the most. The aftermarket parts will never replace OEM (Original Equipment Manufacturer) parts because competition is a good thing and original equipment parts are sometimes priced equally or less expensive than after market parts.

According to New York Times on March 10,2021 titled Electric Cars Are Coming. How Long Until They Rule the Road? the broad majority of vehicles were powered by internal combustion engines and less than 1% was electric powered, that's about for every 100 internal combustion engine vehicles there is 1 electric vehicle. New York Times also states automakers are shifting to electric vehicles which analysts anticipate by 2035 electric vehicles may compose of 25% of new cars, but believes 13% of all vehicles driven will be electric vehicle. With this projection this gives aftermarket auto parts a immense safety margin in staying in business in continuing to accommodate internal combustion engines for a lot more decades to come or indefinitely if expanding its business in accommodating hybrid and electric vehicle with generous time frame to do so.

The public is in no rush to shift to electric vehicles because the present electric vehicle revolution is about 25 years old with the launch of a 2008 Tesla Roadster. A few years later in the Obama era automakers rushed to get their electric vehicles to the public, so the public was wary about reliability and durability. The electric vehicle industry is still in its infancy and is not in the economy of scale stage so electric vehicles cost way too much more than internal combustion vehicles. Asides of installing a charging station where the electric vehicle will reside there's barely a convenient network of public charging infrastructure in the developed world, so because of these reasons and other reasons not mentioned the public is staying put with with the over 130 years and counting proven, reliable, durable, lower cost and massive network infrastructure of gas stations for refueling internal combustion engine vehicle a while longer, During the Obama era the Obama administration pushed automakers to shift to electric vehicles and set goals on how many electric vehicles should be on the roads annually, majority of times the goals were never met as he served his 8 years the ambitions of shifting to electric vehicles has been shelved.

Here are more aftermarket parts retailers and salvage yard picks

* Advance Auto Parts, Inc. (NYSE:AAP)

* AutoZone, Inc. (NYSE:AZO)

* Genuine Parts Company (NYSE:GPC)

* LKQ Corp (NASDAQ:LKQ)

* O'Reilly Automotive, Inc. (NASDAQ:ORLY)

* U.S. Auto Parts Network, Inc. (NASDAQ:PRTS)

Recs

1
Member Avatar dreamjob (75.22) Submitted: 2/8/2023 8:44:21 AM : Outperform Start Price: $2,407.93 NYSE:AZO Score: -6.45

Gross Profit to Assets: 61%
EBIT/EV: 5.9%
Slightly under-valued here, strong brand, strong cash flow. A strong business with a future.

Recs

1
Member Avatar R0IC (75.19) Submitted: 1/1/2023 1:48:03 PM : Outperform Start Price: $2,464.48 NYSE:AZO Score: -18.03

ROIC 88.78%
FCF Margin of 15.3%
5-year FCF growth of 20.08%
Annual Revenue Growth YOY 11.09%
5-year total return 246.7%

Leaderboard

Find the members with the highest scoring picks in AZO.

Score Leader

csbojlesen

csbojlesen (< 20) Score: +2,756.79

The Score Leader is the player with the highest score across all their picks in AZO.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
csbojlesen < 20 8/25/2006 Outperform 3Y $86.41 +3,065.16% +307.49% +2,757.67 0 Comment
pocketfodder < 20 8/28/2006 Outperform 3Y $87.30 +3,032.89% +307.20% +2,725.69 0 Comment
JakartaJoe 92.79 7/5/2006 Outperform 5Y $87.60 +3,022.16% +318.34% +2,703.83 1 Comment
dixie754 < 20 9/7/2006 Outperform 1Y $90.53 +2,921.11% +306.75% +2,614.37 0 Comment
lamemphis 90.96 9/14/2006 Outperform 3M $94.80 +2,785.04% +301.19% +2,483.85 0 Comment
Speedbump76 98.45 9/15/2006 Outperform 5Y $95.23 +2,772.01% +295.96% +2,476.05 0 Comment
OCBuddy 95.61 9/15/2006 Outperform 3Y $95.26 +2,771.11% +295.68% +2,475.43 0 Comment
GranMare < 20 9/19/2006 Outperform 1Y $95.60 +2,760.89% +297.88% +2,463.01 0 Comment
ThinkerTrader < 20 9/15/2006 Outperform 3M $95.92 +2,751.35% +295.13% +2,456.22 0 Comment
apeppink 97.01 9/20/2006 Outperform 5Y $98.75 +2,669.64% +300.11% +2,369.53 0 Comment

Wall Street

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