AutoZone에 대한 매도 수량은 투자자에게 AutoZone의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

AutoZone (NYSE:AZO) 주식, 공매도 수량 보고

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.

Global

Markets

General

HEINY

ORLY

국제 항만 노동자 협회(ILA)는 임금 인상과 자동화 및 인공 지능(AI)에 대한 보호 조치를 두고 진행 중인 협상 중에 이번 주 초 파업을 시작했다. 이번 파업이 장기화될 경우 공급 제약이 발생해 가격 상승을 초래할 수 있다고 경제학자들은 경고하고 있다.

맥주 부족 예정? 美 항구 파업으로 가장 영향받을 3가지 제품

Earnings

News

Pre-Market Outlook

Trading Ideas

SNOW

화요일 아침 (현지 시간 기준) 미국 주식 선물 거래가 혼조세를 보이고 있는 가운데 오늘 투자자들의 관심을 끌 수 있는 주식은 다음과 같다: 1. 월스트리트는 오토존(NYSE:AZO)이 개장 전 분기 매출 62억 2천만 달러, 주당 53.53달러의 분기 이익을 보고할 것으로 예상하고 있다. 오토존의 주가는 시간외 거래에서 0.7% 하락한 3,027달러를 기록했다.

화요일 주목해야 할 주식: 오토존, 토르 인더스트리즈, 스노우플레이크 그리고 2종목

AutoZone Inc

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 raises the price target from $3300 to $3350.

Price Target

Analyst Ratings

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

The International Longshoremen's Association (ILA)<a href="https://www.benzinga.com/news/24/09/40906726/us-port-strike-in-october-could-lead-to-major-supply-chain-disruptions-says-container-trade-expert"> initiated a strike earlier this week amid ongoing negotiations</a> regarding wage increases and protections against automation and AI. The strike, if prolonged, could lead to supply constraints which may cause prices to rise, economists warn. These are the sectors that could be the most impacted by the strike:
Food and Beverage: The dozen or so U.S. ports affected by the strike import nearly $100 million a month of beverages and vinegar, according to a <a href="https://www.washingtonpost.com/business/2024/10/02/port-strike-shortages-food-cars-alcohol/">report</a> from the Washington Post. According to the American Farm Bureau Federation via the Washington Post, 80% of all imported beer, whiskey, scotch and more come through the ports will be impacted by the strike.
Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>), the maker of Modelo, is one of the companies that imports the most beer to the U.S., although Constellation may be able to avoid disruptions caused by the port through ground transportation from Mexico. Heineken NV (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HEINY#OTC">HEINY</a>) and other European beverage companies may feel more of the strike&#8217;s affects. Read Also: <a href="https://www.benzinga.com/news/24/10/41111978/dockworkers-strike-will-it-impact-your-holiday-shopping">Dockworkers Strike: Will It Impact Your Holiday Shopping? </a><a href="https://www.benzinga.com/news/24/10/41111978/dockworkers-strike-will-it-impact-your-holiday-shopping"> </a>Automotive And Car Parts: One of the most impacted sectors from the longshoremen strike is expected to be the automotive and car parts space. According to the Washington Post, the U.S. ports import more than half a billion dollars worth of cars and car parts every month. The auto industry already saw disruptions in its supply chain earlier this year when the Francis Scott Key bridge collapsed in Baltimore, hindering shipments through one of the country's largest ports. Companies that rely on importing car parts, such as AutoZone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) and O'Reilly Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>), could also see operations disrupted by the strike. Construction: Machinery and construction equipment account for more than $670 million in monthly imports through the dozen or so impacted ports, according to the Washington Post. Homebuilders such as DR Horton Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), Lennar Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) and others could see operations delayed if the strike is prolonged. Overall, the strike could lead to price increases and supply constraints across multiple sectors if it persists beyond a couple of weeks. In addition to the strike, flooding and storm damage from Hurricane Helene could also disrupt supply chain operations in North Carolina and other southeastern states. Keep Reading: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41122944/east-coast-dockworkers-strike-how-labor-dispute-impacts-economy-logistics-companies">East Coast Dockworkers Strike: How Labor Dispute Impacts Economy, Logistics Companies</a>
Photo: Engin Akyurt from Pixabay.<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41122944/east-coast-dockworkers-strike-how-labor-dispute-impacts-economy-logistics-companies"> </a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41122944/east-coast-dockworkers-strike-how-labor-dispute-impacts-economy-logistics-companies"> </a>

Beer Shortage Ahead? 3 Products That Will Be Most Impacted By Port Strike

When companies announce their quarterly earnings results, they can often get sucked into the market&#39;s price action for that day, especially if other news or economic data come in to trump the importance of the quarterly release for that stock. That is the case today with shares of AutoZone Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azo#NYSE">AZO</a>), as the company reported its latest quarterly results on a day when U.S. consumer confidence readings fell the most in three years.
This is bearish for the broader S&amp;P 500, despite whatever positive news or developments might have helped AutoZone stock&#39;s potential upside and valuation. However, investors today can take a second look inside the company&#39;s quarterly release to realize this could be a safer stock during the new business cycle than most had thought.
The trend becomes especially clear when AutoZone is compared to competitors like Advance Auto Parts Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aap#NYSE">AAP</a>) and O&#39;Reilly Automotive Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/orly#NASDAQ">ORLY</a>). Before investors dig deeper into the factors making AutoZone stock a potentially better pick against peers, they need to understand what is happening industry-wide to help meet the demand for vehicle parts and maintenance in the coming months.
<h2>Unpacking the Trends: What&#39;s Really Happening in the Car Industry and Among Consumers?</h2>
As inflation took a significant amount of buying power out of consumers&#39; hands, credit card balances rose, bringing delinquency rates along with them. The thing is, late payments didn&#39;t stop at the credit card level; car notes were next.
According to a study, car repossessions have increased in the past 12 months by up to 23%. Considering this negative trend, investors can assume that the new car market is suffering as much (if not more). If the market is going to be focused on the used vehicle market instead, it makes sense that parts and maintenance demand may be on the rise.
The market understands this trend is going to happen, which is why they have bid up the price of AutoZone stock to 92% of its 52-week high, along with O&#39;Reilly&#39;s 96% level. This environment, however, seems to favor the large-cap automotive stocks, as Advance Auto Parts stock is down to 46% of its 52-week high, being the smallest of the group.
It could be due to the ability to scale and manage inventory more easily, making it easier to adjust for demand, but the fact remains that O&#39;Reilly and AutoZone could benefit the most from this new trend. The question now becomes which of the two makes for a better pick in the coming quarters.
<h2>Markets Favor AutoZone Following Its Strong Recent Quarter</h2>
AutoZone management realizes that the trend favoring its business could be just getting started.&nbsp;That&#39;s why investors will notice in the&nbsp;quarterly press release that up to a million shares were bought back from the open marketplace.
Stock buybacks typically mean management believes the stock is cheap enough to buy and that the coming months might carry more upside than potential risks in the instrument. But that wasn&#39;t the only hint management gave markets about the future of AutoZone&#39;s business.
Over the past 12 months, AutoZone opened as many as 117 new stores across the United States, Mexico, and Brazil. This compares to the net 96 new stores opened during the same period last year, a sign of increasing demand expectations in the coming months.
Management isn&#39;t the only one with high expectations from AutoZone, though. Even bearish traders decided to stay away from the company, as the stock&#39;s short interest declined by as much as 6.5% over the past month to show bearish capitulation.
On the other hand, short interest for O&#39;Reilly rose during the month by an aggressive&nbsp;19.5%. This makes it clear that AutoZone has the better sentiment from both management and traders. Wall Street analysts would also agree that AutoZone stock is the potential winner.
A consensus price target of $1,144 a share would only call for a 1.7% upside in O&#39;Reilly stock. Analysts at Evercore now see a valuation of up to $3,350 for AutoZone stock, calling for a much more attractive upside of 11% from where the stock trades today.
More than that, up to $8.5 billion of institutional capital made its way into AutoZone stock, with Marshfield Associates leading the way with a 0.2% boost in holdings as of August 2024. This may not seem like much on a percentage basis, but it did bring their net investment up to $500.3 million today, or nearly 1% ownership in the company.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/why-autozone-stock-could-be-your-next-top-performer/">Why AutoZone Stock Could Be Your Next Top Performer</a>&quot; first appeared on MarketBeat.

Large Cap

Mid Cap

Buybacks

Management

Why AutoZone Stock Could Be Your Next Top Performer

DA Davidson analyst Michael Baker maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Neutral and maintains $3025 price target.

DA Davidson Maintains Neutral on AutoZone, Maintains $3025 Price Target

AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) has outperformed the market over the past 20 years by 12.03% on an annualized basis producing an average annual return of 20.45%. Currently, AutoZone has a market capitalization of $53.98 billion. 
Buying $100 In AZO: If an investor had bought $100 of AZO stock 20 years ago, it would be worth $4,139.84 today based on a price of $3189.33 for AZO at the time of writing.
<h3>AutoZone's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727451050_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In AutoZone 20 Years Ago Would Be Worth This Much Today

Citigroup analyst Steven Zaccone maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Buy and lowers the price target from $3787 to $3500.

Citigroup Maintains Buy on AutoZone, Lowers Price Target to $3500

WIIM

AutoZone shares are trading higher after multiple analysts raised their price targets on the stock following Tuesday's earnings report. The stock fell on Tuesday but has rebounded on Wednesday.

Guggenheim analyst Steven Forbes maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Buy and raises the price target from $3225 to $3350.

Guggenheim Maintains Buy on AutoZone, Raises Price Target to $3350

Mizuho analyst David Bellinger maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Outperform and raises the price target from $3280 to $3350.

Mizuho Maintains Outperform on AutoZone, Raises Price Target to $3350

UBS analyst Michael Lasser maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Buy and raises the price target from $3340 to $3500.

UBS Maintains Buy on AutoZone, Raises Price Target to $3500

STOCK RISES QUICKLY AFTER THE SIGNAL AT 10:17 AM AND HITS THE HIGH OF THE DAY AT 10:55 AM EDT
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="769" height="771" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/24235141/Screen-Shot-2024-09-24-at-7.50.22-PM.png" alt="" class="wp-image-1447" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/24235141/Screen-Shot-2024-09-24-at-7.50.22-PM.png 769w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/24235141/Screen-Shot-2024-09-24-at-7.50.22-PM-300x300.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/24235141/Screen-Shot-2024-09-24-at-7.50.22-PM-150x150.png 150w" sizes="(max-width: 769px) 100vw, 769px" /></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.
At 10:17 AM ET on SEPTEMBER 24th, AZO registered a Power Inflow at a price of $2987.80. Following this signal, the stock reached its high point at 10:55 AM EDT, climbing over 100 points ($3097.42) during the day, translating to an approximate increase of 3.7%. This alert is crucial for investors relying on order flow analytics, suggesting the beginning of an uptrend and presenting a valuable opportunity for those anticipating higher prices. Observers are now closely monitoring AZO for sustained positive momentum, viewing this as a bullish sign.
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.
After Market Close UPDATE:
The price at the time of the Power Inflow was $2987.80. The returns on the High price ($3097.42) and Close price ($3049.98) after the Power Inflow were respectively 3.7% and 2.0%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. 
Past Performance is Not Indicative of Future Results

Signals

Tradepulse Power Inflow Alert: Autozone Inc. Climbs Over 100 Points After Signal

AutoZone's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) short percent of float has risen 3.2% since its last report. The company recently reported that it has 436 thousand shares sold short, which is 2.9% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.28 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>AutoZone Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727278212_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AutoZone has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing AutoZone's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, AutoZone's peer group average for short interest as a percentage of float is 11.58%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into AutoZone's Recent Short Interest

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 $3350 to $3300.

Evercore ISI Group Maintains Outperform on AutoZone, Lowers Price Target to $3300

Truist Securities analyst Scot Ciccarelli maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Buy and lowers the price target from $3394 to $3341.

Truist Securities Maintains Buy on AutoZone, Lowers Price Target to $3341

Morgan Stanley analyst Simeon Gutman maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Overweight and raises the price target from $3038 to $3125.

Morgan Stanley Maintains Overweight on AutoZone, Raises Price Target to $3125

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, but the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the S&amp;P 500 jumping to a new high following a sharp increase in NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares.
Thor Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) reported better-than-expected earnings for its fourth quarter on Tuesday. 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 the economic data front, 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.&nbsp; The FHFA house price index rose 0.1% in July, compared to market estimates of a 0.2% increase. Consumer confidence recorded its biggest one-month drop in more than three years, falling to 98.7 in September.
Most sectors on the S&amp;P 500 closed on a positive note, with materials, information technology, and consumer discretionary stocks recording the biggest gains on Tuesday. However, financials and utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 84 points to 42,208.22 on Tuesday. The S&amp;P 500 rose 0.25% to 5,732.93, while the Nasdaq Composite gained 0.56% at 18,074.52 during Tuesday's session.
Investors are awaiting earnings results from Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>), Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) and Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 65.6, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 65.1.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41003853/wall-streets-most-accurate-analysts-views-on-3-tech-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Tech Stocks Delivering High-Dividend Yields</a></li>
</ul>

CTAS

NVDA

S&P 500 Hits Fresh Record High Amid Surge In Nvidia Shares: Investor Sentiment Improves Further, Fear Index Remains In 'Greed' Zone

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>

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Case-Shiller Home Prices Tick in Lower Than Expectations

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: 
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<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>
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Dow Rises Over 50 Points; AutoZone Posts Downbeat Earnings

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

Movers

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

Mizuho Securities analyst David Bellinger has maintained their bullish stance on AZO stock, giving a Buy rating today. David Bellinger has given hi...

AutoZone's Growth Trajectory: A Comprehensive Buy Rating Justification

Analyst Bret Jordan of Jefferies maintained a Buy rating on AutoZone (AZO – Research Report), with a price target of $3,500.00. Bret Jordan has giv...

AutoZone's Resilient DIFM Segment and International Expansion Drive Buy Rating

Evercore ISI analyst Greg Melich maintained a Buy rating on AutoZone (AZO – Research Report) today and set a price target of $3,300.00. The company...

Evercore ISI Keeps Their Buy Rating on AutoZone (AZO)

D.A. Davidson analyst Michael Baker maintained a Hold rating on AutoZone (AZO – Research Report) today. The company's shares opened today at $3,052...

D.A. Davidson Sticks to Their Hold Rating for AutoZone (AZO)

Oppenheimer analyst Brian Nagel maintained a Hold rating on AutoZone (AZO – Research Report) today and set a price target of $2,600.00. The company...

AutoZone (AZO) Receives a Rating Update from a Top Analyst

In a report released yesterday, Bill Selesky from Argus Research maintained a Buy rating on AutoZone (AZO – Research Report). The company's shares ...

AutoZone (AZO) Gets a Buy from Argus Research

5 out of 7 companies that reported earnings this week beat estimates - Earnings Scorecard

D.A. Davidson analyst Michael Baker maintained a Hold rating on AutoZone (AZO – Research Report) today. The company's shares closed last Friday at ...

D.A. Davidson Sticks to Its Hold Rating for AutoZone (AZO)

AutoZone: Buy On Weakness Pattern (Technical Analysis)

Wells Fargo's 'Value Equity' stocks: VZ, AZO, KR, and more

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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

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

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Comments

AutoZone

매도 수량

AutoZone (NYSE:AZO) 주식, 공매도 수량 보고

사람들이 또한 지켜본다

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파트너 / 기고자

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