Alert: Negative Investment/Fundamental Signals (10/15/24)-AutoZone Inc (NYSE: AZO)

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Extremely important negative changes in investment behavior have recently occurred for AutoZone Inc (NYSE: AZO): negative upside/downside volume developed, and its shorter term price trend turned down.

AutoZone Inc (NYSE: AZO). Significant negative changes in fundamentals have recently occurred: the consensus estimate for August, 2025 decreased significantly, and the consensus estimate for August, 2026 decreased significantly.

The stock is currently unrated.

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Current PriceTarget Research Rating

AZO is expected to be a major Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.

AutoZone is currently unrated.

Recent Price Action

AutoZone Inc (NYSE: AZO) stock declined modestly by -1.7% on 10/15/24. The stock closed at $3100.00. Moreover, trading volume in this decline was unusually high at 159% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.5% during the last week.

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