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.
AZO in upward trend: price may ascend as a result of having broken its lower Bollinger Band on June 25, 2025
AZO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 34 cases where AZO's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 30, 2025. You may want to consider a long position or call options on AZO as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for AZO just turned positive on July 01, 2025. Looking at past instances where AZO's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
AZO moved above its 50-day moving average on June 30, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AZO advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for AZO crossed bearishly below the 50-day moving average on June 16, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for AZO entered a downward trend on July 03, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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