AutoZone Aktie News

Buyback stocks refer to companies aggressively repurchasing their own shares when they are undervalued. This strategy efficiently allocates capital to buy out external shareholders at discounted prices.

AutoZone (AZO) shares rose to an all-time high Tuesday after the auto parts retailer reported revenue and profit that topped analysts' expectations.

AutoZone grew net sales in the most recent quarter and improved its profit margins. The company repurchased shares in the latest quarter and is poised to repurchase a whole lot more.

Autozone NYSE: AZO shares surged following the FQ2 report, confirming the uptrend is intact. Because the news aligns with the outlook for growth and capital returns, the trend will likely continue through 2024.

Automotive parts retailer AutoZone reported a better-than-expected quarterly profit on Tuesday, helped by a Do-It-Yourself(DIY) trend among customers wanting to keep their older cars on the road.

Auto-parts retailer AutoZone blew past earnings estimates for the fiscal second quarter.

MEMPHIS, Tenn., Feb. 27, 2024 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $3.9 billion for its second quarter (12 weeks) ended February 10, 2024, an increase of 4.6% from the second quarter of fiscal 2023 (12 weeks). Same store sales, or sales for our domestic and international stores open at least one year, are as follows:

Buying just one share of the typical S&P 500 stock will now cost you a steep $211. And don't count on stock splits to make the price palatable.