Is Auto Stock a Buy Before Earnings Report?

Renowned premier retailer and distributor of automotive replacement parts and accessories, AutoZone, Inc. (AZO), will unveil its fourth-quarter results before the stock market opens on Tuesday, September 19, 2023. Analysts expect the company’s EPS and revenue to grow 11.7% and 4.9% year-over-year to $45.23 and $5.61 billion, respectively. AZO initially cemented its reputation as the inaugural […] September 19, 2023 [Option Sensei] [Is Auto Stock a Buy Before Earnings Report?]( Renowned premier retailer and distributor of automotive replacement parts and accessories,[ AutoZone, Inc. (AZO)]( will unveil its fourth-quarter results before the stock market opens on Tuesday, September 19, 2023. Analysts expect the company’s EPS and revenue to grow 11.7% and 4.9% year-over-year to $45.23 and $5.61 billion, respectively. AZO initially cemented its reputation as the inaugural retailer, providing an expansive inventory of automotive parts. Its sustained emphasis on exceptional customer service, convenient shopping experiences, and diverse product offerings underpins its position at the forefront of auto part retail. The company harnesses its unique value proposition in the sector, combining remarkable customer service with complementary services and efficient supply chain management. This strategic approach fostered an enduring track record of substantial returns. During the quarter ended May 6, 2023, AZO inaugurated[ 22 new stores]( in the U.S., along with six in Mexico and two in Brazil. AZO’s Auto Parts Stores segment revenue, accounting for a striking 98.2% of overall revenue, experienced a 5.8% growth year-over-year, equating to $4.02 billion for the same quarter. This division comprises retail and distribution of automotive parts via physical stores operating across the U.S., Mexico, and Brazil. Each outlet presents an extensive range of products for various vehicles, stretching from new to remanufactured hard parts to various maintenance items, accessories, and non-vehicle products. AZO’s capital allocation policy exalts high return rates from cash flow reinvestment, with the surplus channeled towards share repurchases. Over time, this approach resulted in a stark 80% share count decrease over the past years. AZO’s prodigious share buyback initiative has drawn significant attention since the beginning of the millennium. Following May 6, 2023, and through June 2, 2023, the company repurchased 86.7 thousand shares of its common stock at an aggregate cost of $219.9 million. AZO’s growth trajectory is marked by a dual-pronged strategy that encourages organic expansion of its store network while simultaneously facilitating growth through targeted acquisitions. This industry giant further bolsters its portfolio by prioritizing commercial sales that include collaborations with professional clients such as auto repair shops and fleet operators. Demonstrating a judicious approach to… Continue reading at [INO.com]( SPONSOR [Top 5 EV Tech Stocks to Buy for 2023 + 10 "Must-Have" Stocks to Buy Now]( The electric vehicle boom is accelerating - and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating - and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023" along with preferred offer: 10 "Must-Have" Stocks to Buy Now. [Click here to sign up for our FREE Report & get directed to the Special Offer "10 "Must-Have" Stocks to Buy Now"]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This is a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Wealthpop users . Wealthpop is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Wealthpop, and Wealthpop disclaims any liability for or arising from such statements and opinions. You are hereby advised that Wealthpop is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 Wealthpop. All rights reserved. Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019