Autozone Stock Buy Hold or Sell Recommendation
| AZO Stock | USD 2,973 34.91 1.19% |
Considering the 90-day investment horizon and your complete indifference towards market risk, our recommendation regarding AutoZone is 'Strong Buy'. Macroaxis provides AutoZone buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding AutoZone positions. The advice algorithm takes into account all of AutoZone's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting AutoZone's buy or sell advice are summarized below:
Real Value 2.6 K | Target Price 2.8 K | Hype Value 3 K | Market Value 3 K |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell AutoZone given historical horizon and risk tolerance towards AutoZone. When Macroaxis issues a 'buy' or 'sell' recommendation for AutoZone, the advice is generated through an automated system that utilizes algorithms and statistical models.
AutoZone |
Execute AutoZone Buy or Sell Advice
The AutoZone recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on AutoZone. Macroaxis does not own or have any residual interests in AutoZone or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute AutoZone's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
AutoZone Trading Alerts and Improvement Suggestions
| The company has 10.93 B in debt. AutoZone has a current ratio of 0.75, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist AutoZone until it has trouble settling it off, either with new capital or with free cash flow. So, AutoZone's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like AutoZone sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for AutoZone to invest in growth at high rates of return. When we think about AutoZone's use of debt, we should always consider it together with cash and equity. | |
| Over 96.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: ANC NAMED SPORTS AGENCY OF RECORD FOR LUCAS OILS TV VISIBLE SIGNAGE |
AutoZone Returns Distribution Density
The distribution of AutoZone's historical returns is an attempt to chart the uncertainty of AutoZone's future price movements. The chart of the probability distribution of AutoZone daily returns describes the distribution of returns around its average expected value. We use AutoZone price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of AutoZone returns is essential to provide solid investment advice for AutoZone.
| Mean Return | 0.16 | Value At Risk | -1.99 | Potential Upside | 1.67 | Standard Deviation | 1.40 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of AutoZone historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
AutoZone Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as AutoZone is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading AutoZone backward and forwards among themselves. AutoZone's institutional investor refers to the entity that pools money to purchase AutoZone's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Norges Bank | 2023-12-31 | 262.4 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 262 K | First Manhattan Co. Llc | 2023-12-31 | 256.5 K | Parnassus Investments, Llc | 2023-12-31 | 243.6 K | Stonepine Asset Management Inc. | 2023-12-31 | 215 K | Dz Bank Ag Deutsche Zentral-genossenschaftsbank Frankfurt Am Main | 2023-12-31 | 212.8 K | Deutsche Bank Ag | 2023-12-31 | 198.1 K | Northern Trust Corp | 2023-12-31 | 195.7 K | Nordea Investment Mgmt Bank Demark A/s | 2023-12-31 | 195.1 K | Vanguard Group Inc | 2023-12-31 | 1.7 M | Blackrock Inc | 2023-12-31 | 1.3 M |
AutoZone Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (184.2M) | (138.5M) | (990.7M) | (89.2M) | (80.3M) | (84.3M) | |
| Change In Cash | 1.6B | (579.5M) | (907.0M) | 12.7M | 11.4M | 11.3M | |
| Free Cash Flow | 2.3B | 2.9B | 2.5B | 2.1B | 2.5B | 2.6B | |
| Depreciation | 397.5M | 407.7M | 442.2M | 497.6M | 572.2M | 600.8M | |
| Other Non Cash Items | 10.7M | 12.9M | 11.3M | 53.3M | 61.3M | 64.3M | |
| Capital Expenditures | 457.7M | 621.8M | 672.4M | 796.7M | 916.2M | 962.0M | |
| Net Income | 1.7B | 2.2B | 2.4B | 2.5B | 2.9B | 3.1B | |
| End Period Cash Flow | 1.8B | 1.2B | 264.4M | 277.1M | 318.6M | 203.9M | |
| Change To Netincome | 95.9M | 21.7M | 256.2M | 111.4M | 128.1M | 134.5M | |
| Investments | (6.7M) | (10.0M) | (2.2M) | (876.2M) | (788.6M) | (749.1M) | |
| Change Receivables | (48.5M) | (58.6M) | (11.0M) | (125.7M) | (113.2M) | (107.5M) | |
| Net Borrowings | 320M | (309.9M) | 853.4M | 1.5B | 1.7B | 1.8B |
AutoZone Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to AutoZone or Specialty Retail sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that AutoZone's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a AutoZone stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.13 | |
β | Beta against NYSE Composite | 0.25 | |
σ | Overall volatility | 1.42 | |
Ir | Information ratio | 0.07 |
AutoZone Volatility Alert
AutoZone has relatively low volatility with skewness of 0.9 and kurtosis of 6.78. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure AutoZone's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact AutoZone's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.AutoZone Fundamentals Vs Peers
Comparing AutoZone's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze AutoZone's direct or indirect competition across all of the common fundamentals between AutoZone and the related equities. This way, we can detect undervalued stocks with similar characteristics as AutoZone or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of AutoZone's fundamental indicators could also be used in its relative valuation, which is a method of valuing AutoZone by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare AutoZone to competition |
| Fundamentals | AutoZone | Peer Average |
| Return On Asset | 0.14 | -0.14 |
| Profit Margin | 0.15 % | (1.27) % |
| Operating Margin | 0.19 % | (5.51) % |
| Current Valuation | 62.02 B | 16.62 B |
| Shares Outstanding | 17.3 M | 571.82 M |
| Shares Owned By Insiders | 0.27 % | 10.09 % |
| Shares Owned By Institutions | 96.16 % | 39.21 % |
| Number Of Shares Shorted | 391.36 K | 4.71 M |
| Price To Earning | 21.95 X | 28.72 X |
| Price To Book | 13.38 X | 9.51 X |
| Price To Sales | 2.87 X | 11.42 X |
| Revenue | 17.46 B | 9.43 B |
| Gross Profit | 9.07 B | 27.38 B |
| EBITDA | 3.97 B | 3.9 B |
| Net Income | 2.53 B | 570.98 M |
| Cash And Equivalents | 277.05 M | 2.7 B |
| Cash Per Share | 16.55 X | 5.01 X |
| Total Debt | 10.93 B | 5.32 B |
| Debt To Equity | (5.81) % | 48.70 % |
| Current Ratio | 0.77 X | 2.16 X |
| Book Value Per Share | (279.42) X | 1.93 K |
| Cash Flow From Operations | 2.94 B | 971.22 M |
| Short Ratio | 2.52 X | 4.00 X |
| Earnings Per Share | 141.73 X | 3.12 X |
| Price To Earnings To Growth | 1.48 X | 4.89 X |
| Target Price | 3303.44 | |
| Number Of Employees | 71.4 K | 18.84 K |
| Beta | 0.71 | -0.15 |
| Market Capitalization | 50.36 B | 19.03 B |
| Total Asset | 15.99 B | 29.47 B |
| Retained Earnings | (2.96 B) | 9.33 B |
| Working Capital | (1.73 B) | 1.48 B |
| Current Asset | 4.24 B | 9.34 B |
Note: Disposition of 5450 shares by Domingo Hurtado of AutoZone at 2610.0 subject to Rule 16b-3 [view details]
AutoZone Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as AutoZone . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 2319.77 | |||
| Daily Balance Of Power | 0.6621 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 2978.64 | |||
| Day Typical Price | 2976.81 | |||
| Market Facilitation Index | 4.0E-4 | |||
| Price Action Indicator | 11.99 | |||
| Period Momentum Indicator | 34.91 | |||
| Relative Strength Index | 86.3 |
About AutoZone Buy or Sell Advice
When is the right time to buy or sell AutoZone? Buying financial instruments such as AutoZone Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 9.3B | 10.9B | 12.6B | 13.2B | Total Assets | 15.3B | 16.0B | 18.4B | 19.3B |
Use Investing Ideas to Build Portfolios
In addition to having AutoZone in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Compulsion Thematic Idea Now
Compulsion
Companies involved in research, development, and manufacturing of products with compulsion characteristics such as cigarettes, addictive drugs and alcohol. The Compulsion theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Compulsion Theme or any other thematic opportunities.
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Check out AutoZone Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.Note that the AutoZone information on this page should be used as a complementary analysis to other AutoZone's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for AutoZone Stock analysis
When running AutoZone's price analysis, check to measure AutoZone's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AutoZone is operating at the current time. Most of AutoZone's value examination focuses on studying past and present price action to predict the probability of AutoZone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AutoZone's price. Additionally, you may evaluate how the addition of AutoZone to your portfolios can decrease your overall portfolio volatility.
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Is AutoZone's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AutoZone. If investors know AutoZone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AutoZone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.172 | Earnings Share 141.73 | Revenue Per Share 999.527 | Quarterly Revenue Growth 0.046 | Return On Assets 0.1423 |
The market value of AutoZone is measured differently than its book value, which is the value of AutoZone that is recorded on the company's balance sheet. Investors also form their own opinion of AutoZone's value that differs from its market value or its book value, called intrinsic value, which is AutoZone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AutoZone's market value can be influenced by many factors that don't directly affect AutoZone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AutoZone's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoZone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoZone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.