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Dec 25, 2019
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AutoZone (AZO, $1,220.18) beats fiscal Q3 earnings expectations

AutoZone (AZO, $1,220.18) beats fiscal Q3 earnings expectations

AutoZone reported fiscal third quarter earnings that surpassed expectations.

The aftermarket automotive parts retailer’s earnings for the quarter ended May 4 came in at $15.99 a share, compared to $15.10 a share expected by analysts polled by FactSet. It was also higher than the year-ago quarter’s earnings of $13.42 a share.

Sales increased to $2.8 billion, from $2.7 billion in the comparable year-ago period.

Domestic same-store sales climbed +3.9%, compared to analysts estimate of +3%.

AutoZone CEO Bill Rhodes indicated that the  industry fundamentals remain strong, and that the company is improving its market share position.

During its fiscal third quarter, the company repurchased 472,000 shares of its common stock for $466 million at an average price of $987 per share. As of the quarter-end, the company had $1.169 billion remaining under its existing share buyback program.

Related Ticker: AZO

Contributor

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.


AZO in upward trend: price rose above 50-day moving average on October 15, 2026

AZO moved above its 50-day moving average on October 15, 2026 date and that indicates a change from a downward trend to an upward trend. In 34 of 53 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 64%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 13, 2026. You may want to consider a long position or call options on AZO as a result. In 49 of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 63%.

The Moving Average Convergence Divergence (MACD) for AZO just turned positive on October 06, 2026. Looking at past instances where AZO's MACD turned positive, the stock continued to rise in 27 of 45 cases over the following month. The odds of a continued upward trend are 60%.

The 10-day moving average for AZO crossed bullishly above the 50-day moving average on October 19, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 58%.

Following a +3.70% 3-day Advance, the price is estimated to grow further. Considering data from situations where AZO advanced for three days, in 189 of 337 cases, the price rose further within the following month. The odds of a continued upward trend are 56%.

The Aroon Indicator entered an Uptrend today. In 108 of 243 cases where AZO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 44%.

Bearish Trend Analysis

The 10-day RSI Indicator for AZO moved out of overbought territory on October 23, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In 23 of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at 61%.

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 37 of 67 cases where AZO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 55%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AZO declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 50%.

AZO broke above its upper Bollinger Band on October 15, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of 3 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: AZO's P/B Ratio (-18.087) is very low in comparison to the industry average of (0.753). P/E Ratio (21.821) is within average values for comparable stocks, (40.047). Projected Growth (PEG Ratio) (1.318) is also within normal values, averaging (1.494). Dividend Yield (0.000) settles around the average of (0.042) among similar stocks. P/S Ratio (2.426) is also within normal values, averaging (49.456).

The Tickeron Profit vs. Risk Rating rating for this company is 44 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is 49 (best 1 - 100 worst), indicating steady price growth. AZO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is 68 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is 100 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Notable companies

The most notable companies in this group are AutoZone (NYSE:AZO), Advance Auto Parts (NYSE:AAP), Goodyear Tire & Rubber Company (The) (NASDAQ:GT).

Industry description

OEM or Original Equipment Manufacturer of auto parts refers to the original producer of a vehicles components, and so OEM car parts are usually identical to the parts used in producing the vehicle in the first place. OEM parts tend to fit the specifications of a particular model, and their compatibility is often guaranteed by the automaker itself. OEM parts could be more expensive to buy (compared to other vendors’ products) when a consumer goes for replacement. However, increased competition from aftermarket parts/third-party vendors could, in some cases, keep EOM prices in check. The industry might progress further in adopting newer technologies like 3D printing to boost supply chain performance and quality. Aptiv PLC, Magna International Inc. and BorgWarner Inc. are major OEMs for autos.

Market Cap

The average market capitalization across the Auto Parts: OEM Industry is 4.82B. The market cap for tickers in the group ranges from 1.93K to 73.37B. ORLY holds the highest valuation in this group at 73.37B. The lowest valued company is CREVF at 1.93K.

High and low price notable news

The average weekly price growth across all stocks in the Auto Parts: OEM Industry was -2%. For the same Industry, the average monthly price growth was -9%, and the average quarterly price growth was -20%. ECX experienced the highest price growth at 27%, while MKDW experienced the biggest fall at -62%.

Volume

The average weekly volume growth across all stocks in the Auto Parts: OEM Industry was 16%. For the same stocks of the Industry, the average monthly volume growth was 12% and the average quarterly volume growth was -32%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 40
P/E Growth Rating: 47
Price Growth Rating: 65
SMR Rating: 78
Profit Risk Rating: 89
Seasonality Score: 0 (-100 ... +100)
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published General Information

General Information

a distributor of automotive replacement parts and accessories

Industry AutoPartsOEM

Industry
Specialty Stores
Address
123 South Front Street
Phone
+1 901 495-6500
Employees
130000
Web
https://www.autozone.com
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AutoZone (AZO, $1,220.18) beats fiscal Q3 earnings expectations