AZO News and Press, AutoZone Inc. From 07/05/22

BofA is out with its best ideas for Q3 in what it expects to be a volatile market. On the equity side, strategists predict strong bear-market rallies but also think that we haven't reached ultimate market lows. BofA's economists are looking for a terminal Fed rate of 3.25%-3.5% this...

Bank of America is negative on AutoZone ( NYSE: AZO ) and called the stock one of its top ten U.S. ideas for Q3 on the down side. The firm expects demand for do-it-yourself auto maintenance will continue to decelerate in the tough macro backdrop, which is seen pressuring rev...

Tweedy, Browne’s 13F portfolio value decreased from $3.15B to $3.10B this quarter. They added Ionis Pharma and Thor Industries and increased Intel while decreasing AutoZone, Cisco Systems, and Carlisle Companies. Alphabet at ~19% of the portfolio is the largest position. ...

AutoZone (NYSE:AZO) landed an upgrade from Goldman Sachs to Buy from Neutral with the auto retailer seen benefiting from its exposure to do-it-yourself. The firm thinks demand for older vehicle maintenance will increase as new auto supply remains under pressure. "We view the company as defens...

Citi is making changes to its quantatative North American Focus List. From an overhead market view its base case is for S&P (SP500) (NYSEARCA:SPY) 4,700 predicated on a soft economic landing, "whereas our mild recession scenario implies downside to 3650 (roughly 18x P/E on $203 2023 EPS)....

Wells Fargo advised investors to avoid Bed Bath & Beyond (NASDAQ:BBBY), Joann Inc. (NASDAQ:JOAN), and Wayfair (NYSE:W) as retail trends turn more bearish. “As macro screens increasingly dubious, we're sticking with needs-based categories, top-tier execution & limited margin fal...

As recession risks rise and consumer spending habits shift, MKM partners highlighted the need for a less-discretionary focus. Among these names, Autozone ( NYSE: AZO ), Advance Auto Parts ( NYSE: AAP ), and O’Reilly Automotive ( NASDAQ: ORLY ) were touted ...

Stocks that offer Growth at a Reasonable Price have had a rough Q2, lagging by one of their biggest margins even, Jefferies says. GARP is "defined by FY1 P/E divided by the long-term forecasted growth rate, strategist Steven DeSanctis wrote in a note. "We prefer the Q2 basket over the cheapes...

Perhaps no industry has been upended since the pandemic like the automotive industry. From chip shortages to record gas prices, there's a lot to digest in the market. Below, I make a case for AutoZone stock outperforming Tesla stock during this period of high inflation and potenti...

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...