AutoZone 2nd Quarter Same Store Sales Increase 3.6%; EPS Increases 14.2% to $7.43
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Jefferies Raises Price Target on AutoZone (AZO) Following a 2Q EPS Beat
March 2, 2016 9:39 AM ESTJefferies reiterated a Hold rating on AutoZone (NYSE: AZO), and raised the price target to $810.00 (from $750.00), following the company's 2Q earnings report. AZO reported EPS of $7.43, above consensus estimates of $7.29. Outsized comp's, margin expansion and a modestly lower tax rates drove the upside.... More
Wedbush Raises Price Target on AutoZone (AZO) as DIY Drives Strong Sales Performance
March 2, 2016 7:50 AM ESTWedbush reiterated an Outperform rating on AutoZone (NYSE: AZO), and raised the price target to $870.00 (from $800.00), following the company's 2Q earnings report. Results beat consensus estimates, driven by strong sales performance in its core DIY business and solid gross margin improvement. The core domestic... More
AutoZone (AZO) Tops Q2 EPS by 15c
March 1, 2016 6:59 AM ESTAutoZone (NYSE: AZO) reported Q2 EPS of $7.43, $0.15 better than the analyst estimate of $7.28. Revenue for the quarter came in at $2.26 billion versus the consensus estimate of $2.26 billion.
Comps rose 3.6 percent, versus the consensus of up 2.8 percent.
The Companys inventory increased 3.9%... More
