AutoZone: Our Favourite Large-Cap Stock
Phaethon Capital • 38 Comments
Phaethon Capital • 38 Comments
Wed, Dec. 7, 7:28 AM
- JPMorgan upgrades AutoZone (NYSE:AZO) to an Overweight rating after having the auto retailer set at Neutral.
- The investment firm sets a price target of $910 to represent 17% upside potential.
- AZO +1.18% premarket to $789.00.
Tue, Dec. 6, 7:27 AM
- AutoZone (NYSE:AZO) reports domestic same-store sales rose 1.6% in FQ1.
- Total auto parts sales increased 3.7% to $2.39B.
- Total domestic commercial sales grew 6.3% to $460.61M.
- Gross profit rate improved 20 bps to 52.7% due to lower acquisition costs.
- Inventory +7.3% Y/Y to $3.77B.
- Domestic store count +150 Y/Y to 5,313.
- Store count +200 Y/Y to 5,835.
- AZO +0.79% premarket
Tue, Dec. 6, 7:00 AM
Mon, Dec. 5, 5:30 PM
Mon, Nov. 21, 2:51 PM
- AutoZone (AZO +2.9%) is rallying after Credit Suisse calls it the "top way to play" the improved outlook for the auto parts sector.
- CS thinks weather will reaccelerate growth over the next few months on top of some other macro headwinds for the sector.
- Advance Auto Parts (AAP +2.9%), O'Reilly Automotive (ORLY +1.7%) and Genuine Parts (GPC +1.8%) are also higher on the day.
- Source: Bloomberg
Thu, Sep. 22, 12:35 PM
- AutoZone AZO +0.5% authorized additional stock repurchase of $750M along with its current program.
- “AutoZone’s continued strong financial performance allows us to repurchase our stock while maintaining our investment grade credit ratings,” said Bill Giles, EVP and CFO.
Thu, Sep. 22, 7:07 AM
- AutoZone (NYSE:AZO) reports domestic same-store sales increased 1% in FQ4. Sales per square foot fell a buck to $85 during the quarter.
- Gross profit as a percentage of sales rose 30 bps to 52.8% as lower acquisition costs contributed.
- Operating expenses as a percentage of sales fell 10 bps to 32.1%.
- The company ended the quarter with 5,297 stores, +156 Y/Y.
- Previously: AutoZone beats by $0.04, misses on revenue (Sept. 22)
Thu, Sep. 22, 7:01 AM
Wed, Sep. 21, 5:30 PM
Tue, Jun. 7, 3:56 PM
- The Manheim Used Vehicle Value Index rose 0.6% Y/Y and 1.4% M/M in May to help give a boost today to auto retailer stocks.
- The index rose for the first time on a year-over-year comparison since last December (per Bloomberg).
- Sandler O'Neill analyst Crispin Love calls the used car price reading "surprisingly strong" and says the firm will look for confirmation in other data.
- Related stocks: AutoNation (AN +2.5%), CarMax (KMX +2%), Group 1 Automotive (GPI +1%), Penske Automotive (PAG +1.6%), AutoZone (AZO +0.6%), O'Reilly Automotive (ORLY +0.6%), Monro Muffler Brake (MNRO +0.8%).
Tue, May 24, 7:19 AM
- AutoZone (NYSE:AZO) reports domestic same-store sales rose 2% in FQ3.
- Total auto parts sales expanded 4.1% to $2.5B.
- Total domestic commercial sales increased 6.5% to $481.44M.
- Gross profit rate improved 50 bps to 52.8% due to higher merchandise margins.
- Operating expense rate expanded 60 bps to 32.2% due to higher legal expense and store payroll.
- Inventory +3.7% Y/Y to $3.6B.
- Domestic store count +157 Y/Y to 5,226.
- Store count +205 Y/Y to 5,717.
Tue, May 24, 7:02 AM
- AutoZone (NYSE:AZO): FQ3 EPS of $10.77
- Revenue of $2.59B (+4.0% Y/Y)
Mon, May 23, 5:30 PM
Sat, May 21, 12:49 PM
- Laslzo Birinyi still sees underlying strength in the stock market, despite the myriad of economic, technical, and political fears holding back investor enthusiasm.
- In particular, the well-known investor has his eyes on AutoZone (NYSE:AZO) and builder NVR (NYSE:NVR) as "special situations" stocks.
- Kraft Heinz (NASDAQ:KHC) also makes the list due to its lack of volatility amid a volatile market which could indicate upside down the road. On that point, a quick screen of other consumer goods stocks like Kraft that have weathered the uneven read on U.S. consumer spending and global demand over the last month may tip off some other value picks.
- Here's ten consumer good stocks with a low recent volatility measurement, below average forward P/E ratio, and +2% dividend yield: DEO, UN, UL, CAJ, RMCF, KO, PEP, BUD, PM, PG, TM.
- Related ETFs: IYK, UGE, SZK.
Mon, May 16, 12:10 PM
- Leon Cooperman's Omega Advisors sold its roughly 3M share stake in Citigroup (NYSE:C) in Q1, which had accounted for about 3.4% of the fund's holdings.
- He took new stakes in PayPal Holdings (NASDAQ:PYPL), UnitedHealth (NYSE:UNH), Coach (NYSE:COH), Lowe's (NYSE:LOW), Autozone (NYSE:AZO), and Electronic Arts (NASDAQ:EA).
- Cooperman also cut his FANG exposure, selling more than 50% of his Facebook (NASDAQ:FB), and about one-third of his Google (GOOG, GOOGL).
- While the 13F also shows a new 227K share stake in Apple (representing 0.7% of the total portfolio), CNBC reports that holding has since been sold.
Fri, Apr. 29, 3:03 PM
- Low volatility stocks are besting the broader averages this year, with the SPLV up 3% and the USMV up 4% vs. the 0.7% advance for the S&P 500.
- While the consumer staples that make up much of the low vol names are expected to do well in the rocky times seen in 2016, at 21x earnings, they're getting pricey.
- Picking through individual names though, Barclays' Jonathan Glionna has come up with a list of low volatility names which can still be deemed not expensive.
- In consumer staples: AutoZone (NYSE:AZO), Darden (NYSE:DRI), Time Warner Cable (NYSE:TWC), Clorox (NYSE:CLX), Coca-Cola (NYSE:KO), CVS, Hormel (NYSE:HRL), J.M. Smucker (NYSE:SJM).
- In utilities: Entergy (NYSE:ETR), PG&E (NYSE:PCG), PPL.