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AZO

AutoZone, Inc

6/19/2013, 2:10 PM ET

Quote & Headlines Market Currents StockTalk

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Wednesday, June 12, 5:34 PM AutoZone (AZO) authorizes the repurchase of an additional $750M worth of its common stock in connection with its ongoing share repurchase program. Additionally, the company announces that Harry Goldsmith, EVP General Counsel & Secretary, will be retiring in January, 2014. Shares +0.5% AH. Comment! [Consumer]
Tuesday, May 21, 7:22 AM More on AutoZone's (AZO) FQ3: Domestic store sales dipped 0.1% but the company says sales trends strengthened during the last four weeks of the period. Inventory was up 6.3% Y/Y, largely due to a higher store count and strategic investments in hard parts assortment. The retailer opened 33 new stores during the quarter to take its store count to 4,767. (PR) Comment! [Consumer]
Tuesday, May 21, 7:03 AM AutoZone (AZO): FQ3 EPS of $7.27 beats by $0.06. Revenue of $2.2B (+4.5% Y/Y) misses by $0.02B. (PR) Comment! [Earnings, Breaking News]
Tuesday, May 21, 12:05 AM Notable earnings before Tuesday’s open: AZO, BBY, DCIX, DKS,HD, MDT, NM, SKS, TJX Comment! [Earnings]
Monday, May 20, 5:30 PM Notable earnings before Tuesday’s open: AZO, BBY, DCIX, DKS,HD, MDT, NM, SKS, TJX Comment! [Earnings]
Monday, May 13, 1:18 PM In a valuation call, Deutsche Bank downgrades AutoZone (AZO -1.6%) to Hold from Buy. After rising more than 15% YTD, the shares are getting ahead of analyst Mike Baker's $410 price target, not to mention outpacing both the broad market and the S&P retail index. DB's target is based on 13x FY14 EPS estimates, which the bank says is a reasonable assumption based on historical precedent (AZO typically trades at 12.5-13x). Comment! [Consumer, On the Move]
Tuesday, April 2, 2:09 PM Auto industry stocks perform well after the Big Three automakers (GM, Ford, Chrysler) all report strong sales in the U.S. for March and appear to be motoring full speed ahead with production plans. Auto parts: Federal-Mogul (FDML) +5.0%, Remy International (REMY) +4.9%, Accuride (ACW) +2.5%, Meritor (MTOR) +2.0%. Auto stores: O'Reilly Automotive (ORLY) +1.8%, AutoZone (AZO) +1.7%. Comment! [Consumer, On the Move]
Tuesday, February 26, 7:55 AM More on AutoZone's (AZO) FQ2: Same-store sales in the U.S fell 1.8% with the company noting the last two weeks of its reporting period saw a sharp 8% Y/Y dip due what it believes was an impact from delayed tax return processing. The company opened 32 new stores in the U.S. and 9 in Mexico. AZO -2.3% premarket. (PR) Comment! [Consumer, On the Move]
Tuesday, February 26, 7:01 AM AutoZone (AZO): FQ2 EPS of $4.78 beats by $0.08. Revenue of $1.9B (+2.8% Y/Y) beats by $0.02B. (PR) Comment! [Earnings, Breaking News]
Tuesday, February 26, 12:05 AM Notable earnings before Tuesday’s open: AG, AKRX, AMED, AMT, AUXL, AZO, BMO, BYD, CBRL, CIE, CMLP, CRZO, ECL, EXPD, GTI, HD, HFC, M,MFA, PCS, RRD, RSH, SKS, SPRD, SRE, THC, TSL, UNFI, UTHR Comment! [Earnings]
Monday, February 25, 5:30 PM Notable earnings before Tuesday’s open: AG, AKRX, AMED, AMT, AUXL, AZO, BMO, BYD, CBRL, CIE, CMLP, CRZO, ECL, EXPD, GTI, HD, HFC, M,MFA, PCS, RRD, RSH, SKS, SPRD, SRE, THC, TSL, UNFI, UTHR Comment! [Earnings]
Monday, January 28, 10:22 AM The National Retail Federation forecasts 2013 retail sales will increase at a rate of 3.4%, lower than the 4.2% rise seen in 2012. Consumer attitudes will be influenced by higher payroll taxes and the ongoing fiscal cliff drama before improving in the second half of the year, according to the trade group. Retailers with strong online businesses should be able to ride out the moderate growth period adequately with online sales forecast to rise between 9% and 12% for the year. 9 Comments [Consumer]
Tuesday, January 8, 7:19 AM Morgan Stanley downgrades Autozone (AZO) to Underweight with a new price target of $340. The action follows a cut by Piper Jaffray in the rating of O'Reilly Automotive yesterday which took the shine off the whole sector. 1 Comment [Consumer]
Monday, January 7, 1:03 PM A downgrade from Piper Jaffray on O'Reilly Automotive (ORLY -1.3%) to Neutral from Overweight is cutting a wide swath in the auto parts sector. The investment firm sees a major headwind for O'Reilly and peers in a couple of years when less vehicles will be under a year old. Decliners: AZO -1.6%, PBY -1.9%, AAP -0.7%. Comment! [Consumer, On the Move]
Tuesday, December 4, 2012, 8:32 AM AutoZone (AZO) falls 2.4% premarket after the company's Q3 report points to weakening sales trends. Though global opportunities could still provide a lift, flat sales at U.S. stores caught the eye of traders. On watch: AAP, ORLY. Comment! [Consumer]
Tuesday, December 4, 2012, 7:36 AM AutoZone (AZO) announces it entered a definitive agreement to purchase AutoAnything, an online seller of specialized automotive products. Terms of the deal weren't disclosed, but the company will host a conference call at 10:00 AM EST to address earnings and the acquisition. Comment! [Consumer]