Autozone Intrinsic Value Calculation – AUTOZONE Reports Positive Q1 Earnings Results for FY2024 Ending November 30 2023

☀️Earnings Overview

On December 5 2023, AUTOZONE ($NYSE:AZO) reported their Q1 FY2024 financials with a total revenue of USD 4190.3 million, a 5.1% increase from the same period in the preceding year. Net income rose by 10.0%, reaching USD 593.5 million.

Share Price

On Tuesday, AUTOZONE reported positive Q1 earnings results for fiscal year 2024 ending November 30, 2023. AUTOZONE stock opened at $2700.0 and closed at $2671.1, representing a 0.3% increase from the last closing price of 2664.1. This positive news is in line with expectations as the company has seen steady growth in sales and profits over the past several quarters. This was driven by same store sales that increased by 3%.

Overall, the company’s strong Q1 earnings results for FY2024 is a positive sign for investors and shows that the company is on track to meet its financial goals for the year. As the automotive industry continues to recover from the pandemic, AUTOZONE is well positioned to capitalize on the opportunities available. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Autozone. AUTOZONE_Reports_Positive_Q1_Earnings_Results_for_FY2024_Ending_November_30_2023″>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Autozone. AUTOZONE_Reports_Positive_Q1_Earnings_Results_for_FY2024_Ending_November_30_2023″>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Autozone. AUTOZONE_Reports_Positive_Q1_Earnings_Results_for_FY2024_Ending_November_30_2023″>More…

Key Ratios Snapshot

Some of the financial key ratios for Autozone are shown below. AUTOZONE_Reports_Positive_Q1_Earnings_Results_for_FY2024_Ending_November_30_2023″>More…

Analysis – Autozone Intrinsic Value Calculation

At GoodWhale, we recently conducted an analysis of AUTOZONE‘s financials. Our proprietary Valuation Line determined that the fair value of AUTOZONE’s share is around $2510.7. Currently, AUTOZONE stock is traded at $2671.1. This is a fair price that is overvalued by 6.4%. We suggest investors to be cautious about investing in this stock right now, since the current price may not be considered to be a good value. More…

Peers

AutoZone Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the United States. Founded in 1979, AutoZone has over 6,000 stores across the United States, Mexico, and Brazil. The company is based in Memphis, Tennessee.

AutoZone is the leading retailer of aftermarket automotive parts and accessories in the United States. With over 6,000 stores across the United States, Mexico, and Brazil, AutoZone is the go-to destination for all your automotive needs. From oil changes to new tires, AutoZone has everything you need to keep your car running smoothly.

Advance Auto Parts, Inc. is an American automotive aftermarket parts provider that is headquartered in Raleigh, North Carolina. Advance Auto Parts operates in approximately 3,700 stores and 150 Worldpac branches in the United States, Puerto Rico, and the Virgin Islands.

O’Reilly Automotive, Inc. is an American chain of auto parts stores founded in 1957 by the O’Reilly family. It operates more than 5,000 stores in 47 states.

Five Below, Inc. is an American discount store chain selling products that cost up to $5. Among the merchandise sold are toys, games, fashion accessories, bath and body products, candy, snacks, room décor, school supplies, books, and novelty items.

– O’Reilly Automotive Inc ($NASDAQ:ORLY)

O’Reilly Automotive Inc is a publicly traded company with a market cap of 46.99B as of 2022. The company has a Return on Equity of -312.91%. O’Reilly Automotive Inc is a retailer of automotive aftermarket parts, tools, and supplies in the United States. The company operates through four segments: Retail, Commercial, e-Commerce, and Other.

– Five Below Inc ($NASDAQ:FIVE)

Five Below Inc is a publicly traded company with a market capitalization of 7.79 billion as of 2022. The company has a return on equity of 18.02%. Five Below Inc is a specialty retailer that offers a variety of merchandise for teenagers and pre-teens at prices that are “five dollars and below.” The company was founded in 2002 and is headquartered in Philadelphia, Pennsylvania.

– Advance Auto Parts Inc ($NYSE:AAP)

Advance Auto Parts is a leading retailer of automotive parts and accessories in the United States. The company operates over 5,000 stores across the country and employs over 70,000 people. Advance Auto Parts is a publicly traded company on the New York Stock Exchange and has a market capitalization of over $10 billion as of 2021. The company has a strong history of profitability and has a return on equity of over 16%. Advance Auto Parts is a well-run company with a strong balance sheet and a commitment to customer satisfaction. The company is a great choice for investors looking for a stable and profitable business.

Summary

Investors are likely pleased with AutoZone‘s Q1 FY2024 earnings report, as the company reported a 5.1% year-over-year increase in total revenue and a 10.0% rise in net income. This exceeded analysts’ expectations, showing that AutoZone is continuing to grow despite the current economic climate. Looking ahead, investors are likely encouraged by the company’s strong financials and good outlook.

With a solid balance sheet, ample cash flow, and strong management team, AutoZone is well-positioned to capitalize on opportunities to expand into new markets and increase revenues. With these factors considered, AutoZone appears to be a good long-term investment opportunity.