During the last year, AutoZone returned a positive performance of 17.8%, with a high of $2610.05 and a low of $1703.32. Over the same period, the stock outpaced the S&P 500 index by 24.0%. The company's 50-day average price was $2463.89 per share as of April 2023. AutoZone, Inc. retails and distributes automotive replacement parts and accessories. Based in Memphis, TN, the large-cap Consumer Cyclical company has 69,440 full time employees. AutoZone has not offered a regular dividend during the last year.
Better Gross Margins Than the Industry Average of 29.9%:
|Earnings Per Share||$63.43||$71.93||$95.19||$122.99|
|Free Cash Flow||$1,632,463||$2,262,372||$2,896,776||$2,538,744|
|Net Current Assets||-$6,581,079||-$8,489,977||-$9,898,432||-$12,185,972|
|Long Term Debt||$5,206,344||$5,513,371||$5,269,820||$6,122,092|
|Net Debt / EBITDA||1.94||1.33||1.22||1.58|
AutoZone's Valuation Is in Line With Its Sector Averages:
AutoZone has a trailing twelve month P/E ratio of 20.0, compared to an average of 22.33 for the Consumer Cyclical sector. Based on its EPS guidance of $146.3, the company has a forward P/E ratio of 16.8. The compound average growth rate of the company's historical and projected earnings per share is 23.2%. On this basis, the company's PEG ratio is 0.86. Alternatively, we can use the weighted average of AutoZone and the broader market's estimated 5-year EPS growth rate. This normalized growth rate of 15.5% gives us a PEG ratio of 1.3, which shows that AutoZone is fairly priced.
Analysts Give AutoZone an Average Rating of Buy:
There are 21 analysts covering AutoZone, with target prices ranging from $1890.0 to $2899.0 per share, for an average of $2700.67. As of April 2023, the company is trading -8.8% away from its average target price, implying there is an analyst consensus of some upside potential. The average rating for AutoZone is buy.
With a 1.5% short interest, AutoZone has a very low short interest. Institutions own 95.6% of the company's shares, and it has a small amount of insider investors because 0.38% are owned by corporate insiders. Overall, the company's top shareholder is the Vanguard Group, Inc., whose 10% stake in the company is worth $4,719,279,257.