Citi Discusses AutoZone's Expected Earnings Catalysts


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


In a research report published today by Citi, AutoZone Inc.'s (NYSE: AZO) key earnings catalysts include a variety of focuses. “Key earnings catalysts include: 1) priorities for cash & cadence of share repurchase activity, 2) sales momentum following results from top competitors ORLY/AAP & indications of market share shifts, 3) trajectory of growth in DIFM, impact on OM%, 4) color around ability to pass on inflationary pressures,” Citi said in the report.Citi maintains its Buy rating and $395 PT on AutoZone, which is currently trading at $362.72.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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Posted In: Analyst ColorReiterationAnalyst RatingsCiti