Autozone (AZO)

AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in the Americas. Each AutoZone store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Many stores also have a commercial sales program that provides commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, service stations and public sector accounts.

Company profile

Ticker

AZO

Exchange

NYSE

Website

www.autozone.com

CEO

William Rhodes

Incorporated

Nevada

Location

Tennessee

Fiscal year end

Aug 27

Sector

Retail Trade > New Car Dealers

Industry (SIC)

Retail - Auto & Home Supply Stores

O`Reilly Automotive • Advance Auto Parts • Onewater Marine • Marinemax • CarParts.com • Free Flow • Discount Auto Parts ...

SEC CIK

0000866787

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

ALLDATA LLC • AutoZone.com, Inc. • AutoZone de México, S. de R.L. de C.V. • AutoZone Development LLC • AutoZone IP LLC • AutoZone Northeast LLC • AutoZone Parts, Inc. • AutoZone Puerto Rico, Inc. • AutoZone Stores LLC • AutoZone Texas LLC ...

IRS number

621482048

AZO stock data

1M 1Y 5Y

News

From Benzinga Pro

Benzinga's Top Ratings Upgrades, Downgrades For June 27, 2022

27 Jun 22

Upgrades

Goldman Sachs Upgrades AutoZone to Buy, Raises Price Target to $2296

27 Jun 22

Goldman Sachs analyst Kate McShane upgrades AutoZone (NYSE:AZO) from Neutral to Buy and raises the price target from $1969 to $2296.

How Is The Market Feeling About AutoZone?

24 Jun 22

AutoZone's (NYSE:AZO) short percent of float has risen 11.42% since its last report. The company recently reported that it has 481.70 thousand shares sold short, which is 2.44% of all regular shares that are available for trading.

Benzinga's Top Ratings Upgrades, Downgrades For June 23, 2022

23 Jun 22

MKM Partners Initiates Coverage On AutoZone with Buy Rating, Announces Price Target of $2350

23 Jun 22

Press releases

From Benzinga Pro

AutoZone Recognizes Contributions of Top Vendor Partners

8 Jun 22

MEMPHIS, Tenn., June 08, 2022 (GLOBE NEWSWIRE) -- AutoZone (NYSE:AZO) recognized 16 of its top vendors last night at its 2022 Vendor Partner Summit. The awards honor companies who provided exceptional performance and

AutoZone 3rd Quarter Same Store Sales Increase 2.6%; EPS Increases to $29.03

24 May 22

MEMPHIS, Tenn., May 24, 2022 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO) today reported net sales of $3.9 billion for its third quarter (12 weeks) ended May 7, 2022, an increase of 5.9% from the third quarter of

WEX Customers Can Now Save on AutoZone Parts

19 May 22

WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced a partnership with AutoZone (NYSE:AZO), the leading retailer and distributor of automotive replacement

AutoZone to Release Third Quarter Earnings May 24, 2022

5 May 22

Thinking about trading options or stock in Crowdstrike, Mosaic, Constellation Brands, Target, or AutoZone?

8 Apr 22

Analyst ratings and price targets

Last 3 months

Average target

$2,261.88

Low target

$1,920.00

High target

$2,420.00

Calendar

10 Jun 22

2 Jul 22

27 Aug 22

Financial summary

Financial statements Chart AZO financial data

Quarter (USD)	May 22	Feb 22	Nov 21	Aug 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Aug 21	Aug 20	Aug 19	Aug 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	263.04M	263.04M	263.04M	263.04M	263.04M	263.04M
Cash burn (monthly)	(no burn)	58.17M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	108.49M	n/a	n/a	n/a	n/a
Cash remaining	n/a	154.55M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	2.7	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Autozone earnings reports.

Recent insider trades

AZO insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 Jun 22	Daniele Philip B.	Common Stock	Option exercise	Acquire M	No	No	587.13	200	117.43K	519.059
24 Jun 22	Daniele Philip B.	NQSO Common Stock	Option exercise	Dispose M	No	No	587.13	200	117.43K	5,710
6 Jun 22	Albert Saltiel	Common Stock	Option exercise	Acquire M	No	No	744.85	200	148.97K	523.264
6 Jun 22	Albert Saltiel	NQSO Common Stock	Option exercise	Dispose M	No	No	744.85	200	148.97K	5,990
1 Jun 22	Wright Kristen C.	Common Stock	Option exercise	Acquire M	No	No	587.13	163	95.7K	188.946
1 Jun 22	Wright Kristen C.	NQSO Common Stock	Option exercise	Dispose M	No	No	587.13	163	95.7K	6,712
26 May 22	Brian Hannasch	Common Stock	Buy	Acquire P	No	No	1901.95	133	252.96K	512.08
20 Apr 22	Frazer Preston	Common Stock	Sell	Dispose S	No	No	2220	1,500	3.33M	783.269
20 Apr 22	Frazer Preston	Common Stock	Option exercise	Acquire M	No	No	425.11	1,500	637.67K	2,283.269
20 Apr 22	Frazer Preston	NQSO Common Stock	Option exercise	Dispose M	No	No	425.11	1,500	637.67K	0

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

AZO institutional ownership history Ownership history

93.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	881	884	-0.3%
Opened positions	98	155	-36.8%
Closed positions	101	75	+34.7%
Increased positions	276	264	+4.5%
Reduced positions	348	307	+13.4%

13F shares	Current	Prev Q	Change
Total value	37.03B	38.35B	-3.4%
Total shares	18.18M	19.12M	-4.9%
Total puts	406.31K	670.13K	-39.4%
Total calls	359.96K	568.7K	-36.7%
Total put/call ratio	1.1	1.2	-4.2%

Largest owners	Shares	Value	Change
Vanguard	1.95M	$3.98B	-0.0%
BLK Blackrock	1.5M	$3.07B	-0.9%
JPM JPMorgan Chase & Co.	1.19M	$2.43B	+13.9%
FMR	1.02M	$2.09B	+0.9%
STT State Street	865.6K	$1.77B	-4.0%
Boston Partners	737.6K	$1.51B	+2.7%
FSZ Fiera Capital	680.29K	$1.39B	-2.6%
Geode Capital Management	456.48K	$931.84M	+3.0%
RY Royal Bank Of Canada	411.45K	$841.24M	+368.0%
Alliancebernstein	332.83K	$680.49M	-12.9%

Largest transactions	Shares	Bought/sold	Change
Castleview Partners	382	-775.28K	-100.0%
RY Royal Bank Of Canada	411.45K	+323.54K	+368.0%
Norges Bank	0	-200.39K	EXIT
JPM JPMorgan Chase & Co.	1.19M	+144.98K	+13.9%
Aaron Wealth Advisors	79.74K	+79.74K	NEW
Renaissance Technologies	9.2K	-78.2K	-89.5%
Two Sigma Investments	29.81K	-65.15K	-68.6%
Marshall Wace	11.77K	-64.33K	-84.5%
Melvin Capital Management	61.76K	+61.76K	NEW
Millennium Management	7.02K	-59.77K	-89.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

MAM Software • O`Reilly Automotive • Advance Auto Parts • CarParts.com • Maison Luxe • PARTS iD

Management Discussion

For the fiscal year ended August 28, 2021, we reported net sales of $14.630 billion compared with $12.632 billion for the year ended August 29, 2020, a 15.8% increase from fiscal 2020. This growth was driven primarily by a domestic same store sales increase of 13.6% and net sales of $215.8 million from new stores. Domestic commercial sales increased $617.7 million, or 22.6%, over domestic commercial sales for fiscal 2020.
At August 28, 2021, we operated 6,051 domestic stores, 664 in Mexico and 52 in Brazil, compared with 5,885 domestic stores, 621 in Mexico and 43 in Brazil at August 29, 2020. We reported a total auto parts segment (domestic, Mexico and Brazil) sales increase of 15.9% for fiscal 2021.
Gross profit for fiscal 2021 was $7.718 billion, or 52.8% of net sales, an 85 basis point decrease compared with $6.771 billion, or 53.6% of net sales for fiscal 2020. The decrease in gross margin was primarily driven by the initiatives to accelerate growth in our commercial business.