AutoZone Q1 earnings top expectations; stocks lack clear direction

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Autozone Stock Intrinsic Value – AUTOZONE ($NYSE:AZO): AutoZone is an American retailer of aftermarket automotive parts and accessories, headquartered in Memphis, Tennessee. It is the largest retailer in the United States, ahead of its rivals O’Reilly Auto Parts and Advance Auto Parts. On Tuesday, AutoZone reported fiscal first-quarter earnings that topped expectations, however stocks lacked a clear direction in premarket trading following a sharp decline in the previous session. Wall Street has shown caution in recent days ahead of the Federal Reserve’s policy meeting next week.

The company’s shares were up 1 percent in premarket trading on Tuesday. AutoZone’s strong earnings report on Tuesday may help to ease some of those concerns, as the company showed that it is still performing well despite the challenges posed by higher interest rates.

Earnings

AutoZone Inc.’s fiscal first-quarter earnings topped expectations as the auto-parts retailer benefited from robust demand for repairs and maintenance during the pandemic. Total revenue for the quarter ended August 31 rose 11.6% to $16.3 billion, while net income climbed 9.1% to $2.4 billion.

About the Company

Market Price

AutoZone reported their first quarter earnings on Tuesday and topped expectations. However, their stock prices lack clear direction and closed down 2.8% from the previous close. AutoZone is a retailer and distributor of automotive parts and accessories. Live Quote…

VI Analysis – Autozone Stock Intrinsic Value

Company’s fundamentals reflect its long term potential. The intrinsic value of a company’s share is the present value of all future cash flows that the company is expected to generate. The intrinsic value of AUTOZONE share is around $1976.8, calculated by VI Line. Now AUTOZONE stock is traded at $2456.9, overvalued by 24%. More…

VI 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

Investing in AutoZone is a smart move for any investor looking to tap into the growing automotive aftermarket industry. The company has a strong track record of sales and earnings growth, and is well-positioned to continue to capitalize on the growing demand for automotive aftermarket products. The company is well-positioned to continue to capitalize on the growing demand for automotive aftermarket products. AutoZone has a diversified business model that includes both retail and commercial sales, and a wide range of product offerings.

The company has a strong brand and a loyal customer base. AutoZone is a good investment for investors looking for exposure to the growing automotive aftermarket industry. The company has a strong track record of sales and earnings growth, and is well-positioned to continue to capitalize on the growing demand for automotive aftermarket products.