AutoZone (NYSE:AZO) Stock, Quote.Headers.trade-ideas

AutoZone

AutoZone operates as a leading retailer of aftermarket automotive parts in the United States. The firm operates over 6,300 stores domestically, serving both the do-it-yourself and commercial (do-it-for-me) end markets. Through its vast store footprint and distribution network, AutoZone manages a wide array of stock-keeping units applicable to numerous vehicle makes and models, providing its consumers with ample product availability. The firm drives traffic by providing superior and convenient customer service as AutoZone's team of knowledgeable staff assists consumers with diagnosing a vehicle's problem, selecting the necessary part for replacement, and in some instances, installation. The company also operates internationally, with over 750 stores in Mexico and more than 100 in Brazil.

Earnings

Earnings Misses

Large Cap

Mid Cap

News

Penny Stocks

Small Cap

Federal Reserve

Markets

Analyst Ratings

Trading Ideas

SFIX

If you&#39;re looking at this morning&#39;s pre-market indexes and experiencing deja vu, you&#39;re not the only one.

Case-Shiller Home Prices Tick in Lower Than Expectations

Nvidia, T-Mobile US, Vivos Therapeutics, SoFi Technologies, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Equities

Eurozone

Commodities

Intraday Update

BIVI

BNZI

LASE

Merrill Lynch & Strategic Return Notes for Select 10 Index

RSLS

SEEL

Dow Rises Over 50 Points; AutoZone Posts Downbeat Earnings

Hudson,,Wi - usa,-,November,13,,2016:,Auto,Zone,Car,Parts

Movers

AutoZone (NYSE: AZO) reported Q4 earnings of $51.58 per share, missing expectations. Revenues of $6.205 billion also missed consensus. Gross profit margin down, opening 117 new stores.

AutoZone Q4 Earnings: 9% Revenue Growth, Opens 117 New Stores, 1.3% Same-Store Sales Growth And More

AutoZone Inc

If you&#39;re looking at this morning&#39;s pre-market indexes and experiencing deja vu, you&#39;re not the only one. Just as Monday morning we saw early trading in the red blossom into the green as the regular trading day started &mdash; on the way to new all-time closing highs on the Dow and S&amp;P 500 &mdash; we have done the same so far Tuesday: the Dow is +5 points, the S&amp;P +62 and the Nasdaq +36 points at this hour.
<h2>Case-Shiller Home Prices Increase, but Miss Estimates</h2>
The definitive measure on home prices is the Case-Shiller index, reported a month in arrears from most other housing data (in this case, July). Overall, we see +5% growth in home price data for mid-summer, but this is lower than the +6% analysts had been expecting, and below the downwardly revised +5.5% the previous month.
Breaking the findings down into the two separate indexes, the 10-city survey saw home prices up +6.8% for July, +5.9% on the 20-city. Among region leaders, New York led the way that month: +8.8%, followed by Las Vegas at +8.2%.
Of course, this data is still well within the high mortgage rate environment that we see coming down rather rapidly, looking ahead. With a lowering Fed funds rate, this will establish lower mortgage rates over time. Considering pent-up demand over the past couple years of high mortgage rates, we may also expect to see more activity in the Existing Home Sales space, which may put pressure on new homebuilders.
<h2>AutoZone Mixed on Q4 Report</h2>
Zacks Rank #4 (Sell)-rated AutoZone (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azo#NYSE">AZO</a>) posted a substantial miss on its bottom line for fiscal Q4 earnings today, with a reported $48.11 per share short of the $53.31 expected, for a negative earnings surprise of -9.75%. Revenues, however, outperformed slightly, by +0.37% to $6.21 billion in the quarter (and a nice boost from the $5.69 billion posted a year ago).
AutoZone shares are trading down -3.7% on the news, crimping the company&#39;s gains of +17.9% year to date. Even still, the stock is underperforming the S&amp;P 500&#39;s strong growth of +19.9% so far this year.
<h2>What to Expect for Tuesday in the Stock Market</h2>
A half hour after the opening bell, Consumer Confidence for September will be released. Analysts expect a slight uptick to 104 from 103.3 reported a month ago. Especially now with a loosening Fed funds rate cycle underway, we may begin to see the clouds part before consumers surveyed here.
After the closing bell, two notable stocks will be reporting earnings: KB Home (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kbh#NYSE">KBH</a>), the Los Angeles-based homebuilder which specializes in single-family homes first-time homebuyers, and Stitch Fix (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfix#NASDAQ">SFIX</a>), a 21st century online custom apparel store.
KB Home is expected to have grown by +13.3% on earnings in Q3 and +8.8% on revenues, and is working on a six-straight string of quarterly earnings beats. Fiscal Q4 results for Stitch Fix are expected to be flat on earnings for the quarter, but -15.5% on revenues.
<a href="https://www.zacks.com/stock/news/2340641/case-shiller-home-prices-tick-in-lower-than-expectations?cid=CS-BENZ-FT-economic_highlights-2340641">To read this article on Zacks.com click here.</a>

General

AutoZone shares are trading lower after the company reported worse-than-expected Q4 financial results.

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.16% to 42,192.35 while the NASDAQ rose 0.24% to 18,016.58. The S&amp;P 500 also rose, gaining, 0.08% to 5,723.30.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41000017/how-to-earn-500-a-month-from-nvidia-stock">How To Earn $500 A Month From Nvidia Stock</a>
Leading and Lagging Sectors Materials shares jumped by 1.1% on Tuesday.
In trading on Tuesday, real estate shares fell by 0.5%.
Top Headline
AutoZone, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) reported weaker-than-expected earnings for its fourth quarter on Tuesday.
The company posted fourth-quarter earnings per share of $51.58, missing the Street view of $53.53. Quarterly revenues of $6.205 billion (+9.0% year over year) marginally missed the analyst consensus of $6.221 billion. Excluding sales from the additional week included in this year's quarter, adjusted sales were up 2.6%.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Maison Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSS#NASDAQ">MSS</a>) shares shot up 151% to $1.8399 after the company reported a year-over-year increase in first-quarter sales results.</li>
<li>Shares of Seelos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEEL#NASDAQ">SEEL</a>) got a boost, surging 115% to $0.4040 after the company announced it signed a material transfer agreement to supply SLS-002 for the Department of Defense&#8217;s military and veterans adaptive platform clinical trial for PTSD.</li>
<li>Banzai International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) shares were also up, gaining 75% to $7.31. Banzai announced $24.8 million debt payoff and restructuring agreements with participation from company insiders.</li>
</ul>
Equities Trading DOWN
<ul>
<li>BioVie Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIVI#NASDAQ">BIVI</a>) shares dropped 53% to $1.32 after the company announced it raised $3 million through a secondary offering of 1.96 million shares at $1.53 per share.</li>
<li>Shares of Laser Photonics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) were down 27% to $13.78. Laser Photonics appointed Robert Hoffman as its new Outside Sales Director.</li>
<li>ReShape Lifesciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSLS#NASDAQ">RSLS</a>) was down, falling 19% to $6.45.</li>
</ul>
Commodities In commodity news, oil traded up 2.1% to $71.87 while gold traded down 0.1% at $2,652.20.
Silver traded up 0.2% to $31.16 on Tuesday, while copper rose 2.8% to $4.4710.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.4%, Germany's DAX gained 0.3% and France's CAC 40 gained 1.1%. Spain's IBEX 35 Index fell 0.2%, while London's FTSE 100 rose 0.1%.
The Ifo Business Climate indicator for Germany fell to 85.4 in September versus 86.6 in the previous month.
Asia Pacific Markets
Asian markets closed higher on Tuesday, with Japan's Nikkei 225 gaining 0.57%, Hong Kong's Hang Seng Index jumping 4.13%, China's Shanghai Composite Index gaining 4.15% and India's BSE Sensex gaining 0.02%.
The au Jibun Bank Flash Japan composite PMI declined to 52.5 in September compared to a final reading of 52.9 in August.
Economics
<ul>
<li>The S&amp;P CoreLogic Case-Shiller home price index in increased by 5.9% year-over-year in July compared to a 6.5% rise in the previous month.</li>
<li>The FHFA house prices index rose 0.1% in July, compared to market estimates of a 0.2% increase.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40999381/top-4-industrials-stocks-which-could-rescue-your-portfolio-this-quarter">Top 4 Industrials Stocks Which Could Rescue Your Portfolio This Quarter</a></li>
</ul>

Automotive retailer AutoZone, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) reported fourth-quarter earnings per share of $51.58, missing the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40998321/autozone-4th-quarter-total-company-same-store-sales-increase-1-3-domestic-same-store-sales-increas" rel="noreferrer noopener">Street view of $53.53</a>.
Quarterly revenues of $6.205 billion (+9.0% year over year) marginally missed the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus of $6.221 billion</a>. Excluding sales from the additional week included in this year&#8217;s quarter, adjusted sales were up 2.6%.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/24/09/40992610/autozone-q4-earnings-preview-data-shows-strong-visit-growth-analyst-says-company-to-" rel="noreferrer noopener">AutoZone Q4 Earnings Preview: Data Shows Strong Visit Growth, Analyst Says Company To &#8216;Continue To Take Share Over Time&#8217;</a>
AutoZone said its fourth-quarter total company same-store sales increased 1.3%,&nbsp;while domestic sales grew 0.2%.
The gross profit margin for the quarter was 52.5%, down by 21 basis points year over year, primarily driven by a 53 basis point non-cash LIFO impact. Operating profit increased 6.1% to $1.3 billion.&nbsp;
Under its share repurchase program, AutoZone repurchased 244 thousand shares of its common stock during the fourth quarter at an average price per share of $2,915, for a total investment of $710.6 million.
Since the inception of the share repurchase program, the company has repurchased 155 million shares of its common stock at an average price of $238, for a total investment of $37.0 billion. At year end, the company had $2.2 billion remaining under its current share repurchase authorization.
During the quarter that ended August 31, AutoZone opened 68 new stores in the U.S., 31 in Mexico, and 18 in Brazil, for a total of 117 net new stores.&nbsp;
AutoZone&#8217;s sales per average store reached $0.84 million, up from $0.79 million Y/Y during the quarter. The sales per average square foot grew to $124, up from $118 Y/Y. Total auto parts sales reached $6.09 billion, up from $5.59 billion Y/Y.
The domestic commercial sales for the quarter reached $1.66 billion, up from $1.5 billion Y/Y.
The company had 6,432 stores in the U.S., 794 in Mexico, and 127 in Brazil, for a total store count of 7,353.
AutoZone stock gained over 18% in the last 12 months. Investors can gain exposure to the stock through Vanguard Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VO#NYSE">VO</a>) and iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>).
Price Action:&nbsp;AZO stock is trading lower by 3.73% to $2,935.01 premarket at the last check on Tuesday.&nbsp;
Photo via Shutterstock

<h2>&nbsp;</h2>
 AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) today reported net sales of $6.2 billion for its fourth quarter (17 weeks) ended August 31, 2024, an increase of 9.0% from the fourth quarter of fiscal 2023 (16 weeks). Excluding sales from the additional week included in this year's quarter, adjusted sales were up 2.6%. Same store sales, or sales for our domestic and international stores open at least one year, are computed on a 16-week and 52-week basis and are as follows:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="2">Constant Currency</td>
<td colspan="6">Constant Currency</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="3">16 Weeks</td>
<td colspan="2">16 Weeks&#x2A;</td>
<td colspan="3">52 Weeks</td>
<td colspan="6">52 Weeks&#x2A;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="2">Domestic</td>
<td colspan="2">0.2</td>
<td>%</td>
<td>0.2</td>
<td>%</td>
<td colspan="2">0.4</td>
<td>%</td>
<td colspan="5">0.4</td>
<td>%</td>
</tr>
<tr>
<td colspan="2">International</td>
<td colspan="2">4.9</td>
<td>%</td>
<td>9.9</td>
<td>%</td>
<td colspan="2">16.1</td>
<td>%</td>
<td colspan="5">10.2</td>
<td>%</td>
</tr>
<tr>
<td colspan="2">Total Company</td>
<td colspan="2">0.7</td>
<td>%</td>
<td>1.3</td>
<td>%</td>
<td colspan="2">2.1</td>
<td>%</td>
<td colspan="5">1.4</td>
<td>%</td>
</tr>
</tbody>
</table>
</figure>

AutoZone Q4 Total Company Same Store Sales Increase 1.3%; Domestic Same Store Sales Were 0.2%

AutoZone Q4 2024 Adj. EPS $48.11 Misses $53.53 Estimate

After the market ended at a fresh record on Monday, traders have positioned themselves for more gains. The index futures are modestly higher early Tuesday. China, the second largest economy in the world, decided to go bold, with the nation&#8217;s central bank announcing a series of stimulatory measures. This has sent commodities soaring, given China is a commodity-guzzling country. China&#8217;s growth has a bearing on the rest of the global economy as it is often called the world&#8217;s factory.
In the domestic market, traders may look ahead to a speech by a Federal Reserve official, a consumer confidence reading and a couple of house prices data. Momentum suggests additional gains but the overbought levels may introduce caution, especially ahead of key inflation data due this week and more labor market data that would roll out next week.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.32%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.19%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.17%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.44%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Tuesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.23% to $570.96 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) climbed 0.35% to $484.74, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed Monday&#8217;s session modestly higher although trading was marked by some degree of volatility. The major indices opened higher, as they digested comments from Fed officials, and reacted to S&amp;P Global private sector activity readings, which showed the manufacturing sector contracted more than expected. Minneapolis Fed President Neel Kashkari said in an interview with CNBC&#8217;s Squawk Box that he favored a slowdown in rate cuts.
The indices traded on a nervous note, with the Dow Industrials and the Nasdaq Composite dipping below the unchanged line in the mid-session before making a comeback. The Dow hit new intraday and closing highs, while the S&amp;P 500 Index, despite the mid-session volatility, traded in the green throughout the session and ended at a fresh high.
Among S&amp;P 500 sectors, real estate, utility, material, energy and consumer discretionary stocks advanced solidly. On the other hand, communication services, healthcare and IT stocks experienced modest weakness.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.14%</td>
<td>17,974.27</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.28%</td>
<td>5,718.57</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.15%</td>
<td>42,124.65</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.34%</td>
<td>2,220.28</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
The Fed delivered in line with expectations and it is now time to move to neutral on defensives vs. cyclicals, said Morgan Stanley&#8217;s U.S. Equity Strategist Mike Wilson. The valuation of defensives has reached extended levels and &#8220;we await more clarity on the labor data,&#8221; the strategist said. 
&#8220;Historically, defensives see fairly persistent outperformance 3-12 months following the Fed&#8217;s first cut, but can see initial, modest underperformance in the 1 month following the initial rate reduction,&#8221; Wilson said. The strategist recommended taking profits on the recent outperformance of defensives makes sense in the absence of knowing the outcome of the next labor report. 
Wilson said he continued to have conviction in his recommendation of large caps over small caps and also his bias for high-quality names.
WisdomTree Senior Economist and Wharton Professor Emeritus Jeremy Siegel said valuations across many sectors appear stretched by historical standards, particularly in the technology sector and AI-driven companies. &#8220;This reflects a broader market anticipation of substantial growth driven by technological advancements,&#8221; he said.
&#8220;As AI continues to evolve, it will be crucial to differentiate between companies that are genuinely creating value through innovative AI applications and those whose valuations are inflated by speculative interest.&#8221;
Siegel sees big rate cuts supporting small-cap companies that borrow at short-term borrowing rates as these companies have been the most impacted by the Fed&#8217;s aggressive rate hikes and they have some relatively cheap valuations in the U.S. market.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data:
<ul>
<li>Federal Reserve Governor Michelle Bowman is scheduled to speak at 9 a.m. EDT.</li>
<li>The S&amp;P/Case-Shiller and Federal House Finance Agency are due to announce the results of their separate house price surveys for July at 9 a.m. EDT.</li>
<li>The Conference Board will announce its consumer confidence index for September at 10 a.m. EDT, with economists, on average, expecting the index to rise from 103.3 in August to 104 currently.</li>
<li>The Treasury is set to auction two-year notes at 1 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Liberty Broadband Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDA#NASDAQ">LBRDA</a>) shares soared over 18% <a href="https://www.benzinga.com/premarket">in premarket trading</a> after the company announced that it communicated a counterproposal to the Special Committee of the Board of Directors of Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) regarding its proposed acquisition by the latter.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) dropped over 3% following the company&#8217;s announcement concerning a convertible note offering.</li>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) plunged over 11.50% after the company announced a commons stock offering.</li>
<li>AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) and THOR Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) are among the companies due to <a href="https://www.benzinga.com/calendars/earnings">announce their quarterly results before the market opens.</a></li>
<li>Those reporting after the close include KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>), Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>), Stitch Fix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) and Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Oil and gold futures climbed, with the latter trading in record territory amid stimulus measures announced by China&#8217;s central bank, and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is little changed at $63.5K level. The 10-year Treasury note climbed 5.5 points to 3.793%.
Asian stocks, though ending mixed, saw spectacular performances by the Chinese market. The Shanghai Composite Index soared over 4% on stimulus hopes, and this positivity seeped into the Hong Kong market. The Chinese stock market gauge&#8217;s performance marked the biggest one-day gain in over four years. 
The People&#8217;s Bank of China announced a slew of measures to kickstart domestic growth, which has been constrained by an ailing property sector. In a new conference in Beijing, central bank chief Pan Gongsheng said, &#8220;The reserve requirement ratio will be cut by 0.5 percentage points in the near future,&#8221; while he also hinted at reducing the policy interest rate and driving down the market benchmark interest rate to reinvigorate growth.
&#8216;The Taiwanese and South Korean markets also recorded decent gains. The Australian market retreated amid a pause decision by the central bank.
The European markets firmed up early Tuesday.
Read Next:
<ul>
<li>S&amp;P 500 Outpaces Wall Street Projections As Year-End Nears: Will The Rally Hold?</li>
</ul>
Image Via Shutterstock

Futures

Previews

Economics

Pre-Market Outlook

$BTC

CHTR

LBRDA

PRGS

SNOW

Nasdaq, S&P 500 Futures Firm, China's Economic Stimulus Fuels Commodities, Bitcoin Steady: Here's What Traders Should Be Watching Tuesday

AutoZone Q4 Sales $6.205B Miss $6.221B Estimate

With U.S. stock futures trading mixed this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) to report quarterly earnings at $53.53 per share on revenue of $6.22 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. AutoZone shares fell 0.7% to $3,027 in after-hours trading.</li>
<li>AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) posted better-than-expected results for its first quarter on Monday. The company reported quarterly earnings of 85 cents which beat the analyst consensus estimate of 82 cents per share. AAR shares gained 3.4% to $71.44 in the after-hours trading session.</li>
<li>Analysts expect THOR Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) to post quarterly earnings at $1.30 per share on revenue of $2.47 million before the opening bell. THOR Industries shares gained 1.6% to $104.83 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) announced a $2 billion private placement of senior convertible notes. Snowflake shares fell 3.1% to $109.71 in the after-hours trading session.</li>
<li>Analysts are expecting KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) to post quarterly earnings at $2.06 per share on revenue of $1.73 billion. The company will release earnings after the closing bell. KB Home shares gained 1.1% to close at $88.20 on Monday.</li>
</ul>
Check This Out:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40980672/top-3-financials-stocks-that-may-plunge-in-september">Top 3 Financial Stocks That May Plunge In September</a></li>
</ul>
Photo courtesy: Shutterstock

AutoZone, Thor Industries And 3 Stocks To Watch Heading Into Tuesday

Automotive parts retailer AutoZone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) looks to keep its streak of earnings beats alive when the company reports fourth-quarter financial results before the market opens <a href="https://www.benzinga.com/earnings">Tuesday, Sept. 24.</a>
Earnings Estimates: Analysts expect AutoZone will report fourth-quarter earnings per share of $53.53, up from $46.46 in last year's fourth quarter, according to data<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092324&amp;t=be2bearmibe3na1"> from Benzinga Pro</a>.
The company has beaten earnings estimates from analysts in 19 straight quarters according to Benzinga Pro data.
Analysts expect the company to report fourth-quarter revenue of $6.22 billion, up from $5.69 billion in last year's fourth quarter.
The company has beaten revenue estimates from analysts in eight of the past 10 quarters, but missed estimates in two of the last three quarters.
What Analysts Are Saying: Fourth-quarter sales are likely to be in-line with analyst estimates for AutoZone, Truist analyst Scot Ciccarelli said in a recent investor note.
The analyst said concerns over currency exchange rates could limit the international comparable sales. The auto parts sector also remains "challenging," Ciccarelli added.
"Our data suggests that the beginning and end of the quarter were a bit softer, with relative strength in late June and July, but a reasonably steady cadence throughout," Ciccarelli said.
Ciccarelli also expects gross margins to improve 60 basis points year-over-year in the fourth quarter thanks to holding retail prices steady and being able to lower procurement costs.
"We remain aggressive buyers of AZO, think fundamentals are poised to reaccelerate and believe they will continue to take share over time in a highly favorable vertical.
Here are other recent analyst ratings on AutoZone and their price targets:
Evercore ISI: Maintained Outperform rating, lowered price target from $3,900 to $3,350
Wedbush: Reiterated Outperform rating with $3,200 price target
Read Also: <a href="https://www.benzinga.com/insights/options/24/09/40839962/spotlight-on-autozone-analyzing-the-surge-in-options-activity">Spotlight on AutoZone: Analyzing the Surge in Options Activity</a>
Key Items to Watch: Data from Placer.ai <a href="https://www.placer.ai/blog/auto-parts-retailers-the-traffic-continues">showed</a> AutoZone had visits increase 4.4% year-over-year during the second quarter of the calendar year. Visits were up 7.3%, 2.7% and 5.5% year-over-year for June, July and August, respectively.
The report said auto parts retailers such as AutoZone are "sustaining their pandemic-era success and benefitting from the increase in older cars on the road."
For AutoZone, the trend of repairing vehicles versus replacing them with new ones could continue to benefit the company, according to the report.
The company placed partial blame on the timing of tax refunds and the weather in the third quarter. While tax refunds won't be an item to watch in the fourth-quarter results, the weather could be.
"As we begin our all-important summer selling season, we are very excited about the initiatives we have in place to enhance our inventory availability, continue to accelerate our domestic commercial business and provide great customer service," CEO Phil Daniele said in the third-quarter results.
AZO Price Action: AutoZone stock closed Monday up 0.93%% to $3,048.82 on Monday versus a 52-week trading range of $2,375.35 to $3,256.37.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/exclusives/24/09/40962321/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">Benzinga&#8217;s &#8216;Stock Whisper&#8217; Index: 5 Stocks Investors Secretly Monitor But Don&#8217;t Talk About Ye</a>t</li>
</ul>
Photo: Ken Wolter via Shutterstock

Price Target

Reiteration

AutoZone Q4 Earnings Preview: Data Shows Strong Visit Growth, Analyst Says Company To 'Continue To Take Share Over Time'

Investors with a lot of money to spend have taken a bearish stance on AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AZO, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 15 uncommon options trades for AutoZone.
This isn't normal.
The overall sentiment of these big-money traders is split between 20% bullish and 53%, bearish.
Out of all of the special options we uncovered, 10 are puts, for a total amount of $464,107, and 5 are calls, for a total amount of $219,793.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2650.0 to $3700.0 for AutoZone over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for AutoZone's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of AutoZone's whale trades within a strike price range from $2650.0 to $3700.0 in the last 30 days. 
<h3>AutoZone Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727114450_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AZO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$36.0</td>
<td>$35.0</td>
<td>$36.0</td>
<td>$2900.00</td>
<td>$86.4K</td>
<td style="text-align: right;">23</td>
<td style="text-align: right;">81</td>
</tr>
<tr>
<td>AZO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$77.9</td>
<td>$68.0</td>
<td>$73.71</td>
<td>$3300.00</td>
<td>$73.7K</td>
<td style="text-align: right;">33</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>AZO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$678.6</td>
<td>$662.0</td>
<td>$678.2</td>
<td>$3700.00</td>
<td>$67.8K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>AZO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$88.6</td>
<td>$82.1</td>
<td>$84.0</td>
<td>$3040.00</td>
<td>$58.8K</td>
<td style="text-align: right;">18</td>
<td style="text-align: right;">19</td>
</tr>
<tr>
<td>AZO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$93.9</td>
<td>$87.1</td>
<td>$93.9</td>
<td>$3060.00</td>
<td>$56.3K</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">6</td>
</tr>
</tbody>
</table>

<h3>About AutoZone</h3>
AutoZone operates as a leading retailer of aftermarket automotive parts in the United States. The firm operates over 6,300 stores domestically, serving both the do-it-yourself and commercial (do-it-for-me) end markets. Through its vast store footprint and distribution network, AutoZone manages a wide array of stock-keeping units applicable to numerous vehicle makes and models, providing its consumers with ample product availability. The firm drives traffic by providing superior and convenient customer service as AutoZone's team of knowledgeable staff assists consumers with diagnosing a vehicle's problem, selecting the necessary part for replacement, and in some instances, installation. The company also operates internationally, with over 750 stores in Mexico and more than 100 in Brazil.
<h3>AutoZone's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 71,303, the AZO's price is up by 0.73%, now at $3042.63. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 1 days.</li>
</ul>
<h3>Expert Opinions on AutoZone</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $3275.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for AutoZone, targeting a price of $3350. 
&#x2A; An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $3200. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for AutoZone, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

AutoZone Unusual Options Activity

AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) will release earnings results for its fourth quarter fiscal 2024, before the <a href="https://www.benzinga.com/quote/AZO/earnings">opening bell on Tuesday, Sept. 24.</a>
Analysts expect the Memphis, Tennessee-based company to report quarterly earnings at $53.69 per share, up from $46.46 per share in the year-ago period. AutoZone is projected to post quarterly revenue of $6.23 billion, compared to $5.69 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On June 19, AutoZone&#8217;s board approved an additional $1.5 billion share repurchase.
AutoZone shares fell 1.1% to close at $3,040.09 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846ee57ee7bf6000154d134/seth-basham">Wedbush analyst Seth Basham</a> reiterated an Outperform rating with a price target of $3,200 on Sept. 19. This analyst has an accuracy rate of 76%.</li>
<li>Evercore ISI Group analyst Greg Melich maintained an Outperform rating and slashed the price target from $3,278 to $3,275 on July 2. This analyst has an accuracy rate of 81%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ac4af2b85e930001e6383b/brian-nagel">Oppenheimer analyst Brain Nagel</a> maintained a Perform rating with a price target of $2,600 on June 26. This analyst has an accuracy rate of 72%.</li>
<li>Barclays analyst Matthew McClintock maintained an Overweight rating and cut the price target from $3,100 to $3,024 on May 23. This analyst has an accuracy rate of 87%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58cfe567b85e9300015ce43d/michael-lasser">UBS analyst Michael Lasser</a> maintained a Buy rating and decreased the price target from $3,465 to $3,340 on May 22. This analyst has an accuracy rate of 79%.</li>
</ul>
Considering buying AZO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="514" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20023555/image-157-1024x514.png" alt="" class="wp-image-557643" style="width:669px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20023555/image-157-1024x514.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20023555/image-157-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20023555/image-157-768x385.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20023555/image-157.png 1336w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40948972/coinbase-global-electronic-arts-and-2-other-stocks-executives-are-selling">Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling</a></li>
</ul>

AutoZone Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Morgan Stanley cut the price target for FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) from $215 to $200. Morgan Stanley analyst Ravi Shanker downgraded the stock from Equal-Weight to Underweight. FedEx shares gained 0.7% to close at $300.39 on Thursday.<a href="https://www.benzinga.com/quote/FDX/analyst-ratings"> See how other analysts view this stock</a>.</li>
<li>Loop Capital cut the price target for Cracker Barrel Old Country Store, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) from $50 to $45. Loop Capital analyst Alton Stump maintained a Hold rating. Cracker Barrel shares fell 1.1% to close at $41.11 on Thursday. <a href="https://www.benzinga.com/quote/cbrl/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs slashed Terex Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) price target from $72 to $62. Goldman Sachs analyst Jerry Revich maintained a Neutral rating. Terex shares fell 3.6% to close at $53.83 on Thursday. See how other analysts view this stock.</li>
<li>Evercore ISI Group cut AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) price target from $3,900 to $3,350. Evercore ISI Group analyst Greg Melich maintained an Outperform rating. AutoZone shares fell 1.1% to close at $3,040.09 on Thursday. <a href="https://www.benzinga.com/quote/azo/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted the price target for NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) from $100 to $110. Baird analyst Jonathan Komp maintained an Outperform rating. NIKE rose 0.1% to close at $80.98 on Thursday. S<a href="https://www.benzinga.com/quote/nke/analyst-ratings">ee how other analysts view this stock</a>.</li>
<li>Piper Sandler increased Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) price target from $320 to $329. Piper Sandler analyst Arvind Ramnani maintained a Neutral rating. Accenture shares fell 0.3% to close at $335.24 on Thursday. <a href="https://www.benzinga.com/quote/acn/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen raised Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) price target from $150 to $165. TD Cowen analyst Andrew Charles maintained a Hold rating. Darden shares gained 8.3% to close at $172.27 on Thursday. <a href="https://www.benzinga.com/quote/dri/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital decreased the price target for Rapid7, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) from $50 to $40. RBC Capital analyst Matthew Hedberg downgraded the stock from Outperform to Sector Perform. Rapid7 shares rose 1.5% to close at $34.35 on Thursday.<a href="https://www.benzinga.com/quote/rpd/analyst-ratings"> See how other analysts view this stock</a>.</li>
<li>Needham cut DoubleVerify Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) price target from $33 to $22. Needham analyst Laura Martin maintained a Buy rating. DoubleVerify shares fell 0.4% to close at $17.23 on Thursday. <a href="https://www.benzinga.com/quote/dv/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities raised American Healthcare REIT, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHR#NYSE">AHR</a>) price target from $18 to $30. JMP Securities analyst Aaron Hecht maintained a Market Outperform rating. American Healthcare shares gained 3.6% to close at $25.41 on Thursday. <a href="https://www.benzinga.com/quote/ahr/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying Nike stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-1024x490.png" alt="" class="wp-image-558256" style="width:566px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-1024x490.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-300x144.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164-768x367.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20083406/image-164.png 1415w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40952252/nvidia-tesla-rally-as-dow-s-p-500-surge-to-fresh-highs-after-fed-cuts-rates-fear-index-remains-in-g">Nvidia, Tesla Rally As Dow, S&amp;P 500 Surge To Fresh Highs After Fed Cuts Rates: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

CBRL

Nike To Rally Around 36%? Here Are 10 Top Analyst Forecasts For Friday

Evercore ISI Group analyst Greg Melich maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Outperform and lowers the price target from $3900 to $3350.

Evercore ISI Group Maintains Outperform on AutoZone, Lowers Price Target to $3350

Wedbush analyst Seth Basham reiterates AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Outperform and maintains $3200 price target.

Wedbush Reiterates Outperform on AutoZone, Maintains $3200 Price Target

Investors with a lot of money to spend have taken a bearish stance on AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AZO, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 12 uncommon options trades for AutoZone.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 41%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $148,330, and 9 are calls, for a total amount of $868,830.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2400.0 to $3400.0 for AutoZone over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for AutoZone's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of AutoZone's whale trades within a strike price range from $2400.0 to $3400.0 in the last 30 days. 
<h3>AutoZone 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726600600_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AZO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$94.4</td>
<td>$89.3</td>
<td>$89.7</td>
<td>$3400.00</td>
<td>$179.4K</td>
<td style="text-align: right;">90</td>
<td style="text-align: right;">38</td>
</tr>
<tr>
<td>AZO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$95.2</td>
<td>$89.3</td>
<td>$91.1</td>
<td>$3400.00</td>
<td>$163.9K</td>
<td style="text-align: right;">90</td>
<td style="text-align: right;">18</td>
</tr>
<tr>
<td>AZO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$95.6</td>
<td>$89.6</td>
<td>$89.6</td>
<td>$3400.00</td>
<td>$161.2K</td>
<td style="text-align: right;">90</td>
<td style="text-align: right;">56</td>
</tr>
<tr>
<td>AZO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$312.0</td>
<td>$294.0</td>
<td>$312.0</td>
<td>$3350.00</td>
<td>$93.6K</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
</tr>
<tr>
<td>AZO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$786.0</td>
<td>$774.8</td>
<td>$786.0</td>
<td>$2400.00</td>
<td>$78.6K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>

<h3>About AutoZone</h3>
AutoZone operates as a leading retailer of aftermarket automotive parts in the United States. The firm operates over 6,300 stores domestically, serving both the do-it-yourself and commercial (do-it-for-me) end markets. Through its vast store footprint and distribution network, AutoZone manages a wide array of stock-keeping units applicable to numerous vehicle makes and models, providing its consumers with ample product availability. The firm drives traffic by providing superior and convenient customer service as AutoZone's team of knowledgeable staff assists consumers with diagnosing a vehicle's problem, selecting the necessary part for replacement, and in some instances, installation. The company also operates internationally, with over 750 stores in Mexico and more than 100 in Brazil.
After a thorough review of the options trading surrounding AutoZone, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is AutoZone Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 60,141, the AZO's price is down by -0.58%, now at $3083.16. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 7 days.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for AutoZone with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Unpacking the Latest Options Trading Trends in AutoZone

STOCK HAD FALLEN EARLY IN THE SESSION 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="847" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/16160626/Screen-Shot-2024-09-16-at-9.06.33-AM-1024x847.png" alt="" class="wp-image-1264" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/16160626/Screen-Shot-2024-09-16-at-9.06.33-AM-1024x847.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/16160626/Screen-Shot-2024-09-16-at-9.06.33-AM-300x248.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/16160626/Screen-Shot-2024-09-16-at-9.06.33-AM-768x636.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/16160626/Screen-Shot-2024-09-16-at-9.06.33-AM.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Today, TradePulse&#8217;s latest Power Inflow alert indicated institutional volume is coming into AutoZone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>), signaling a shift from net selling to buying. This shift is a key indicator of rising investor confidence and the potential for an uptrend in AZO&#8217;s stock.
Understanding Power Inflow:
A Power Inflow is identified by a surge in buy orders over sell orders, typically occurring within the first one or two hours after the market opens. This phenomenon is observed in ten to twenty stocks daily, reflecting the initial strategies and reactions of large institutional investors. Analyzing the size, timing, and price of these transactions helps signal shifts in market sentiment and potential price changes. For those interested in monitoring more stocks exhibiting Power Inflows, visiting the TradePulse website provides comprehensive insights and updates on daily occurrences.
Importance of Power Inflow:
Power Inflows are crucial as they offer early indications of potential uptrends, enabling traders to act even before the market fully adjusts. Such a change is commonly viewed as a sign of larger inflows than retail is capable of producing, indicating institutional interest and a short-term uptrend in the stock. Although not always marking the lowest point, stocks tend to rise following a Power Inflow. This makes these signals especially valuable for identifying strategic entry points and planning short-term investments, as they provide an opportunity to capitalize on upward momentum ahead of wider market recognition.
Strategic Actions Following a Power Inflow:
After detecting a Power Inflow, traders should view it as a potential entry buying point but also confirm the trend with TradePulse's additional indicators such as Momentum, Daily, and Large Deal flows to ensure its strength and viability. Prompt action, combined with strategic stop-loss settings, can maximize returns and minimize risks. This comprehensive approach allows traders to make more informed decisions, optimizing their trading strategies in alignment with real-time market dynamics.
If you want to stay updated on the latest options trades for Autozone Inc.,<a href="https://benzinga.grsm.io/register174"> Benzinga Pro</a> gives you real-time options trade alerts.&nbsp;<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data are brought to you by Benzinga APIs</a> and include firms, like<a href="https://finitusa.com/en/"> Finit USA</a>, responsible for parts of the data within this article.

Tradepulse Power Inflow Alert: Autozone Inc. Has Power Inflow Signal At 10:29 AM EDT

Financial giants have made a conspicuous bullish move on AutoZone. Our analysis of options history for AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) revealed 10 unusual trades.
Delving into the details, we found 70% of traders were bullish, while 20% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $236,221, and 6 were calls, valued at $382,287.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2100.0 and $3150.0 for AutoZone, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for AutoZone options trades today is 24.43 with a total volume of 146.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for AutoZone's big money trades within a strike price range of $2100.0 to $3150.0 over the last 30 days.
<h3>AutoZone Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726162532_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AZO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$1136.0</td>
<td>$1130.0</td>
<td>$1136.0</td>
<td>$2100.00</td>
<td>$113.6K</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>AZO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$782.0</td>
<td>$774.0</td>
<td>$782.0</td>
<td>$2380.00</td>
<td>$78.2K</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>AZO</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$789.1</td>
<td>$772.3</td>
<td>$782.0</td>
<td>$2400.00</td>
<td>$78.2K</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>AZO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$49.3</td>
<td>$48.3</td>
<td>$48.3</td>
<td>$3100.00</td>
<td>$77.2K</td>
<td style="text-align: right;">84</td>
<td style="text-align: right;">57</td>
</tr>
<tr>
<td>AZO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$46.2</td>
<td>$39.4</td>
<td>$46.1</td>
<td>$3100.00</td>
<td>$64.5K</td>
<td style="text-align: right;">84</td>
<td style="text-align: right;">6</td>
</tr>
</tbody>
</table>

<h3>About AutoZone</h3>
AutoZone operates as a leading retailer of aftermarket automotive parts in the United States. The firm operates over 6,300 stores domestically, serving both the do-it-yourself and commercial (do-it-for-me) end markets. Through its vast store footprint and distribution network, AutoZone manages a wide array of stock-keeping units applicable to numerous vehicle makes and models, providing its consumers with ample product availability. The firm drives traffic by providing superior and convenient customer service as AutoZone's team of knowledgeable staff assists consumers with diagnosing a vehicle's problem, selecting the necessary part for replacement, and in some instances, installation. The company also operates internationally, with over 750 stores in Mexico and more than 100 in Brazil.
In light of the recent options history for AutoZone, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>AutoZone's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 49,729, the AZO's price is down by -0.6%, now at $3100.46. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 12 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest AutoZone options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Spotlight on AutoZone: Analyzing the Surge in Options Activity

Legal

ORLY

Lawmakers Ask CEOs Of Six Auto Parts Firms To Answer If They Purchased Products From Chinese Firm That May Have Sought To Evade U.S. Tariffs

Whales with a lot of money to spend have taken a noticeably bearish stance on AutoZone.
Looking at options history for AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 12% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $617,020 and 2, calls, for a total amount of $99,900.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2500.0 and $3200.0 for AutoZone, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for AutoZone options trades today is 66.14 with a total volume of 64.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for AutoZone's big money trades within a strike price range of $2500.0 to $3200.0 over the last 30 days.
<h3>AutoZone Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725639377_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AZO</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$130.7</td>
<td>$117.1</td>
<td>$123.75</td>
<td>$3000.00</td>
<td>$247.5K</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>AZO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$208.3</td>
<td>$208.3</td>
<td>$208.3</td>
<td>$3200.00</td>
<td>$124.9K</td>
<td style="text-align: right;">76</td>
<td style="text-align: right;">6</td>
</tr>
<tr>
<td>AZO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$77.9</td>
<td>$78.0</td>
<td>$77.9</td>
<td>$2910.00</td>
<td>$85.6K</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>AZO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$217.5</td>
<td>$207.9</td>
<td>$207.9</td>
<td>$3200.00</td>
<td>$83.1K</td>
<td style="text-align: right;">76</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>AZO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$681.5</td>
<td>$665.7</td>
<td>$670.0</td>
<td>$2500.00</td>
<td>$67.0K</td>
<td style="text-align: right;">23</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>

<h3>About AutoZone</h3>
AutoZone operates as a leading retailer of aftermarket automotive parts in the United States. The firm operates over 6,300 stores domestically, serving both the do-it-yourself and commercial (do-it-for-me) end markets. Through its vast store footprint and distribution network, AutoZone manages a wide array of stock-keeping units applicable to numerous vehicle makes and models, providing its consumers with ample product availability. The firm drives traffic by providing superior and convenient customer service as AutoZone's team of knowledgeable staff assists consumers with diagnosing a vehicle's problem, selecting the necessary part for replacement, and in some instances, installation. The company also operates internationally, with over 750 stores in Mexico and more than 100 in Brazil.
Following our analysis of the options activities associated with AutoZone, we pivot to a closer look at the company's own performance.
<h3>Current Position of AutoZone</h3>
<ul>
<li>Currently trading with a volume of 44,438, the AZO's price is down by -1.43%, now at $3096.28. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 18 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest AutoZone options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

AutoZone's Options: A Look at What the Big Money is Thinking

Here's the major earnings before the open tomorrow

AutoZone GAAP EPS of $51.58 misses by $1.83, revenue of $6.21B misses by $10M

Earnings Snapshot: AutoZone FQ4 profit and sales rise, but miss expectations

AutoZone in charts: FQ4 comp sales show slower trends, while sales per store and square foot surge over 44%

Today, several major companies are expected to report earnings: AutoZone (AZO), KB Home (KBH), Progress Software (PRGS), Thor Industries (THO), Wor...

Options Volatility and Implied Earnings Moves Today, September 24, 2024

Auto Zone FQ4 comparable store sales slow, profit and sales miss expectations

AutoZone, Inc. ($AZO), a major player in the automotive parts industry, has just finished its fourth quarter with solid results. Despite facing som...

AZO Earnings: AutoZone Reports Strong Q4 Earnings Amid Market Challenges

AutoZone, Inc. 2024 Q4 - Results - Earnings Call Presentation

AutoZone: Stay Long, It Continues To Be A Winner

AutoZone, Inc. (AZO) Q4 2024 Earnings Call Transcript

Press Releases

AutoZone to Release Second Quarter Fiscal 2024 Earnings February 27, 2024

AutoZone 2nd Quarter Total Company Same Store Sales Increase 1.5%; Domestic Same Store Sales Increase 0.3%; EPS Increases to $28.89

Opinion

Thinking about trading options or stock in Alphabet Inc, Autozone, Zoom Video Communications, TransMedics Group, or Viking Therapeutics?

AutoZone to Release Third Quarter Fiscal 2024 Earnings May 21, 2024

AutoZone 3rd Quarter Total Company Same Store Sales Increase 0.9%; Domestic Same Store Sales were flat; EPS Increases to $36.69

AutoZone Vendor Summit Recognizes Contributions of Top Suppliers

AutoZone Authorizes Additional Stock Repurchase

Management

AutoZone Announces Change to Executive Committee

AutoZone to Release Fourth Quarter Fiscal 2024 Earnings September 24, 2024

AutoZone 4th Quarter Total Company Same Store Sales Increase 1.3%; Domestic Same Store Sales Increase 0.2%; 4th Quarter EPS Increases to $51.58; Annual Sales of $18.5 Billion

GOOG

TMDX

VKTX

Advance Auto Parts

Asbury Automotive Gr

AutoNation

ARKO

Autozi Internet Technology (Global) Ltd. - Class A Ordinary Shares

Autozi Internet Tech

Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

AutoZone

AutoZone (AZO) Forecast

AutoZone (NYSE:AZO) Stock, Quote.Headers.trade-ideas