AutoZone – Consensus Indicates Potential 8.4% Upside

Broker Ratings
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AutoZone with ticker code (AZO) have now 19 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 2850 and 1850 with the average target price sitting at 2620.21. Now with the previous closing price of 2416.57 this is indicating there is a potential upside of 8.4%. There is a 50 day moving average of 2468.45 and the 200 day moving average is 2215.97. The company has a market cap of $46,664m. Find out more information at: https://www.autozone.com

The potential market cap would be $50,596m based on the market concensus.

AutoZone retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs. In addition, the company offers maintenance products, such as antifreeze and windshield washer fluids; brake drums, rotors, shoes, and pads; brake and power steering fluids, and oil and fuel additives; oil and transmission fluids; oil, cabin, air, fuel, and transmission filters; oxygen sensors; paints and accessories; refrigerants and accessories; shock absorbers and struts; spark plugs and wires; and windshield wipers. Further, it provides air fresheners, cell phone accessories, drinks and snacks, floor mats and seat covers, interior and exterior accessories, mirrors, performance products, protectants and cleaners, sealants and adhesives, steering wheel covers, stereos and radios, tools, and wash and wax products, as well as towing services. Additionally, the company provides a sales program that offers commercial credit and delivery of parts and other products; sells automotive diagnostic and repair software under the ALLDATA brand through alldata.com; and automotive hard parts, maintenance items, accessories, and non-automotive products through autozone.com. As of August 27, 2022, it operated 6,168 stores in the United States; 703 stores in Mexico; and 72 stores in Brazil. The company was founded in 1979 and is based in Memphis, Tennessee.

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