AZO News and Press, AutoZone Inc. From 06/19/22

Wallace Weitz's 13F portfolio value decreased from $2.49B to $2.26B this quarter. The number of positions increased from 59 to 60. Weitz Investment Management increased CoStar Group, Mastercard, and CarMax while reducing Charles Schwab, AON plc, and AutoZone during the quarter. Th...

Headquartered in Memphis, Tennessee, AutoZone (NYSE: AZO) has been an auto parts mainstay for more than 42 years. The company has had its share of ups and downs, and has seen its share price accelerate from hundreds of dollars to over $2,000. This price point may seem diffi...

Morgan Stanley upgraded AutoZone (NYSE:AZO) to an Overweight rating after having the retailer slotted at Equal-weight. The firm thinks that AZO offers ~20% upside with an attractive ~3:1 bull/bear skew. Analyst Simeon Gutman and team have more conviction in the durability of AZO's sales/earni...

AutoZone (NYSE: AZO) , a leading retailer and distributor of automotive replacement parts and accessories, was featured in a recent analysis report that discussed its outperformance compared to peers within the auto parts sector. The report, written by LikeFolio Founder Andy Swan, reads, &#...

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 demonstrated a strong commitment to customer satisfaction during the ...

As recession risks rise, investors should begin positioning themselves more defensively in hardline retail stocks, according to Wells Fargo analyst Zachary Fadem. He explained in a note on Wednesday that while discretionary categories have the most upside, investors need to guard against risk...

The broader retail space has been weak relative to the S&P 500 so far this year. On a YTD basis, the VanEck Vectors Retail ETF has underperformed the S&P 500 by 4.5 percentage points, trading down by 18.2% as of today. The market seems to believe that consumers will move d...

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Wells Fargo said a definite shift in retail spending trends was observed in its latest survey of consumers. The firm said the percentage of consumers who are stepping up hardlines spending ticked down to 83% from 94% in February. Analyst Zachary Fadem said the results suggested post-pandemic ...

Domestic commercial sales increased 26% in Q3 2022 versus Q3 2021. The company’s initiative to increase commercial sales is showing results. The company is looking forward to growing its international business with recent investments in a new distribution center in Mexico and i...