AutoZone Stock Rises Friday, Yet Underperforms Market

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AUTOZONE ($NYSE:AZO): On Friday, the company’s stock saw a rise, but it still underperformed the market overall. Analysts cited a few factors that contributed to AutoZone’s underperformance. Some felt that the company’s earnings results from the last quarter were not as strong as expected and caused investors to be cautious in their buying.

Additionally, other stocks in the same sector performed better than AutoZone. Nonetheless, the company’s stock price has been on an upward trend for the last few months, thanks to strong sales and cost-cutting measures taken by management.

Price History

On Friday, AutoZone Inc. stock rose slightly, up 0.2%, from its prior closing price of $2702.3 to $2707.1. Despite this small increase, it still underperformed the broader market, which saw an overall positive return on the day. The stock opened at $2702.3 and closed at $2707.1, suggesting that investors remain cautious despite the slight increase in value. Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

Some of the financial key ratios for Autozone are shown below. AutoZone_Stock_Rises_Friday_Yet_Underperforms_Market”>More…

Analysis

As GoodWhale, when we examine AutoZone‘s financials, it is classified as a ‘gorilla’ according to the Star Chart. This type of company is determined to have achieved stable and high revenue or earning growth due to its strong competitive advantage. Therefore, investors who are looking for a company with a high growth rate and a strong competitive advantage may be interested in AutoZone. Furthermore, AutoZone has a high health score of 7/10 in relation to its cashflows and debt, which makes it capable to sustain future operations in times of crisis. With regard to its financials, AutoZone is strong in terms of growth and profitability, while being medium in terms of asset and weak in terms of dividend. Therefore, investors looking for a company that is able to provide stability and growth could consider AutoZone as a potential investment. 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

AutoZone Inc. (NYSE: AZO) stock rose on Friday, but still lagged the market’s overall performance. The stock’s recent performance suggests that the company may be undervalued currently, providing an attractive entry point for investors looking to capitalize on potential upside.