Intrinsic value of AutoZone - AZO

Previous Close

$762.74

  Intrinsic Value

$120.01

stock screener

  Rating & Target

str. sell

-84%

Previous close

$762.74

 
Intrinsic value

$120.01

 
Up/down potential

-84%

 
Rating

str. sell

We calculate the intrinsic value of AZO stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 21.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.40
  2.66
  2.89
  3.10
  3.29
  3.46
  3.62
  3.76
  3.88
  3.99
  4.09
  4.18
  4.27
  4.34
  4.41
  4.46
  4.52
  4.57
  4.61
  4.65
  4.68
  4.72
  4.74
  4.77
  4.79
  4.81
  4.83
  4.85
  4.86
  4.88
Revenue, $m
  11,150
  11,447
  11,778
  12,144
  12,544
  12,979
  13,448
  13,953
  14,495
  15,074
  15,691
  16,347
  17,044
  17,784
  18,567
  19,396
  20,273
  21,198
  22,176
  23,207
  24,293
  25,439
  26,646
  27,917
  29,255
  30,663
  32,144
  33,703
  35,342
  37,066
Variable operating expenses, $m
  8,986
  9,224
  9,490
  9,783
  10,104
  10,453
  10,830
  11,235
  11,670
  12,134
  12,590
  13,117
  13,676
  14,270
  14,898
  15,564
  16,267
  17,010
  17,794
  18,621
  19,493
  20,412
  21,381
  22,400
  23,474
  24,604
  25,793
  27,043
  28,359
  29,742
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  8,986
  9,224
  9,490
  9,783
  10,104
  10,453
  10,830
  11,235
  11,670
  12,134
  12,590
  13,117
  13,676
  14,270
  14,898
  15,564
  16,267
  17,010
  17,794
  18,621
  19,493
  20,412
  21,381
  22,400
  23,474
  24,604
  25,793
  27,043
  28,359
  29,742
Operating income, $m
  2,164
  2,223
  2,288
  2,360
  2,439
  2,525
  2,618
  2,718
  2,825
  2,939
  3,100
  3,230
  3,368
  3,514
  3,669
  3,833
  4,006
  4,189
  4,382
  4,586
  4,800
  5,027
  5,265
  5,516
  5,781
  6,059
  6,352
  6,660
  6,984
  7,324
EBITDA, $m
  2,642
  2,712
  2,790
  2,877
  2,972
  3,075
  3,186
  3,306
  3,434
  3,571
  3,717
  3,873
  4,038
  4,213
  4,399
  4,595
  4,803
  5,022
  5,253
  5,498
  5,755
  6,027
  6,312
  6,613
  6,930
  7,264
  7,615
  7,984
  8,373
  8,781
Interest expense (income), $m
  135
  274
  158
  170
  184
  199
  216
  234
  253
  274
  296
  320
  346
  373
  402
  432
  465
  499
  535
  573
  614
  656
  701
  749
  798
  851
  906
  964
  1,026
  1,090
  1,158
Earnings before tax, $m
  1,890
  2,065
  2,118
  2,176
  2,240
  2,310
  2,385
  2,465
  2,551
  2,643
  2,780
  2,884
  2,995
  3,112
  3,237
  3,368
  3,507
  3,654
  3,809
  3,972
  4,144
  4,326
  4,517
  4,718
  4,930
  5,153
  5,387
  5,634
  5,894
  6,166
Tax expense, $m
  510
  557
  572
  588
  605
  624
  644
  666
  689
  714
  751
  779
  809
  840
  874
  909
  947
  987
  1,028
  1,072
  1,119
  1,168
  1,220
  1,274
  1,331
  1,391
  1,455
  1,521
  1,591
  1,665
Net income, $m
  1,379
  1,507
  1,546
  1,589
  1,635
  1,686
  1,741
  1,799
  1,862
  1,929
  2,030
  2,106
  2,186
  2,272
  2,363
  2,459
  2,560
  2,667
  2,780
  2,900
  3,025
  3,158
  3,297
  3,444
  3,599
  3,761
  3,933
  4,113
  4,302
  4,502

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  9,482
  9,734
  10,015
  10,326
  10,667
  11,036
  11,435
  11,865
  12,325
  12,818
  13,342
  13,901
  14,494
  15,122
  15,789
  16,493
  17,239
  18,026
  18,857
  19,733
  20,658
  21,632
  22,658
  23,739
  24,876
  26,074
  27,334
  28,659
  30,053
  31,519
Adjusted assets (=assets-cash), $m
  9,482
  9,734
  10,015
  10,326
  10,667
  11,036
  11,435
  11,865
  12,325
  12,818
  13,342
  13,901
  14,494
  15,122
  15,789
  16,493
  17,239
  18,026
  18,857
  19,733
  20,658
  21,632
  22,658
  23,739
  24,876
  26,074
  27,334
  28,659
  30,053
  31,519
Revenue / Adjusted assets
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
  1.176
Average production assets, $m
  4,382
  4,499
  4,629
  4,773
  4,930
  5,101
  5,285
  5,484
  5,696
  5,924
  6,166
  6,424
  6,698
  6,989
  7,297
  7,623
  7,967
  8,331
  8,715
  9,120
  9,547
  9,998
  10,472
  10,971
  11,497
  12,050
  12,633
  13,245
  13,890
  14,567
Working capital, $m
  -290
  -298
  -306
  -316
  -326
  -337
  -350
  -363
  -377
  -392
  -408
  -425
  -443
  -462
  -483
  -504
  -527
  -551
  -577
  -603
  -632
  -661
  -693
  -726
  -761
  -797
  -836
  -876
  -919
  -964
Total debt, $m
  2,927
  3,154
  3,407
  3,687
  3,993
  4,326
  4,685
  5,072
  5,486
  5,929
  6,402
  6,904
  7,438
  8,004
  8,603
  9,238
  9,908
  10,617
  11,365
  12,154
  12,985
  13,862
  14,786
  15,758
  16,782
  17,860
  18,994
  20,187
  21,441
  22,760
Total liabilities, $m
  8,533
  8,760
  9,014
  9,294
  9,600
  9,933
  10,292
  10,679
  11,093
  11,536
  12,008
  12,510
  13,044
  13,610
  14,210
  14,844
  15,515
  16,223
  16,971
  17,760
  18,592
  19,469
  20,392
  21,365
  22,389
  23,466
  24,600
  25,793
  27,048
  28,367
Total equity, $m
  948
  973
  1,002
  1,033
  1,067
  1,104
  1,144
  1,187
  1,233
  1,282
  1,334
  1,390
  1,449
  1,512
  1,579
  1,649
  1,724
  1,803
  1,886
  1,973
  2,066
  2,163
  2,266
  2,374
  2,488
  2,607
  2,733
  2,866
  3,005
  3,152
Total liabilities and equity, $m
  9,481
  9,733
  10,016
  10,327
  10,667
  11,037
  11,436
  11,866
  12,326
  12,818
  13,342
  13,900
  14,493
  15,122
  15,789
  16,493
  17,239
  18,026
  18,857
  19,733
  20,658
  21,632
  22,658
  23,739
  24,877
  26,073
  27,333
  28,659
  30,053
  31,519
Debt-to-equity ratio
  3.090
  3.240
  3.400
  3.570
  3.740
  3.920
  4.100
  4.270
  4.450
  4.630
  4.800
  4.970
  5.130
  5.290
  5.450
  5.600
  5.750
  5.890
  6.030
  6.160
  6.290
  6.410
  6.530
  6.640
  6.750
  6.850
  6.950
  7.040
  7.130
  7.220
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,379
  1,507
  1,546
  1,589
  1,635
  1,686
  1,741
  1,799
  1,862
  1,929
  2,030
  2,106
  2,186
  2,272
  2,363
  2,459
  2,560
  2,667
  2,780
  2,900
  3,025
  3,158
  3,297
  3,444
  3,599
  3,761
  3,933
  4,113
  4,302
  4,502
Depreciation, amort., depletion, $m
  477
  489
  502
  516
  532
  549
  568
  588
  609
  632
  617
  642
  670
  699
  730
  762
  797
  833
  872
  912
  955
  1,000
  1,047
  1,097
  1,150
  1,205
  1,263
  1,325
  1,389
  1,457
Funds from operations, $m
  1,857
  1,996
  2,048
  2,105
  2,168
  2,235
  2,308
  2,387
  2,471
  2,561
  2,646
  2,748
  2,856
  2,971
  3,092
  3,221
  3,357
  3,500
  3,652
  3,812
  3,980
  4,157
  4,344
  4,541
  4,748
  4,967
  5,196
  5,437
  5,691
  5,958
Change in working capital, $m
  -7
  -8
  -9
  -10
  -10
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -22
  -23
  -24
  -25
  -27
  -28
  -30
  -31
  -33
  -35
  -37
  -39
  -41
  -43
  -45
Cash from operations, $m
  1,864
  2,004
  2,057
  2,115
  2,178
  2,247
  2,321
  2,400
  2,485
  2,576
  2,662
  2,765
  2,874
  2,990
  3,113
  3,243
  3,380
  3,524
  3,677
  3,838
  4,008
  4,187
  4,376
  4,574
  4,783
  5,003
  5,235
  5,478
  5,734
  6,003
Maintenance CAPEX, $m
  -427
  -438
  -450
  -463
  -477
  -493
  -510
  -529
  -548
  -570
  -592
  -617
  -642
  -670
  -699
  -730
  -762
  -797
  -833
  -872
  -912
  -955
  -1,000
  -1,047
  -1,097
  -1,150
  -1,205
  -1,263
  -1,325
  -1,389
New CAPEX, $m
  -108
  -117
  -130
  -144
  -157
  -171
  -185
  -199
  -213
  -227
  -242
  -258
  -274
  -291
  -308
  -326
  -344
  -364
  -384
  -405
  -427
  -450
  -474
  -499
  -526
  -553
  -582
  -613
  -644
  -677
Cash from investing activities, $m
  -535
  -555
  -580
  -607
  -634
  -664
  -695
  -728
  -761
  -797
  -834
  -875
  -916
  -961
  -1,007
  -1,056
  -1,106
  -1,161
  -1,217
  -1,277
  -1,339
  -1,405
  -1,474
  -1,546
  -1,623
  -1,703
  -1,787
  -1,876
  -1,969
  -2,066
Free cash flow, $m
  1,328
  1,449
  1,477
  1,508
  1,544
  1,583
  1,626
  1,673
  1,724
  1,779
  1,827
  1,891
  1,958
  2,030
  2,106
  2,187
  2,273
  2,364
  2,460
  2,562
  2,669
  2,782
  2,902
  3,028
  3,160
  3,300
  3,447
  3,602
  3,765
  3,937
Issuance/(repayment) of debt, $m
  -2,154
  227
  254
  280
  306
  333
  359
  387
  414
  443
  472
  502
  534
  566
  600
  634
  671
  708
  748
  789
  832
  877
  924
  973
  1,024
  1,078
  1,134
  1,193
  1,255
  1,319
Issuance/(repurchase) of shares, $m
  997
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -1,157
  227
  254
  280
  306
  333
  359
  387
  414
  443
  472
  502
  534
  566
  600
  634
  671
  708
  748
  789
  832
  877
  924
  973
  1,024
  1,078
  1,134
  1,193
  1,255
  1,319
Total cash flow (excl. dividends), $m
  171
  1,676
  1,730
  1,788
  1,850
  1,915
  1,985
  2,060
  2,138
  2,222
  2,300
  2,393
  2,492
  2,596
  2,706
  2,822
  2,944
  3,072
  3,208
  3,351
  3,501
  3,659
  3,825
  4,000
  4,184
  4,378
  4,581
  4,795
  5,020
  5,256
Retained Cash Flow (-), $m
  -2,376
  -25
  -28
  -31
  -34
  -37
  -40
  -43
  -46
  -49
  -52
  -56
  -59
  -63
  -67
  -70
  -75
  -79
  -83
  -88
  -92
  -97
  -103
  -108
  -114
  -120
  -126
  -133
  -139
  -147
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  44
  45
  46
  47
  49
  50
  52
  54
  56
  58
  60
  63
  65
  68
  71
  74
  78
  81
  85
  89
  93
  97
  102
  107
  112
  117
  123
  129
  135
  141
Cash available for distribution, $m
  -2,206
  1,651
  1,702
  1,757
  1,816
  1,879
  1,945
  2,017
  2,092
  2,173
  2,247
  2,337
  2,432
  2,533
  2,639
  2,751
  2,869
  2,994
  3,125
  3,263
  3,408
  3,562
  3,723
  3,892
  4,070
  4,258
  4,455
  4,662
  4,880
  5,109
Discount rate, %
  11.90
  12.50
  13.12
  13.78
  14.46
  15.19
  15.95
  16.74
  17.58
  18.46
  19.38
  20.35
  21.37
  22.44
  23.56
  24.74
  25.98
  27.28
  28.64
  30.07
  31.57
  33.15
  34.81
  36.55
  38.38
  40.30
  42.31
  44.43
  46.65
  48.98
PV of cash for distribution, $m
  -1,971
  1,305
  1,176
  1,048
  924
  804
  691
  584
  487
  399
  320
  253
  196
  149
  110
  80
  57
  39
  26
  17
  11
  7
  4
  2
  1
  1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

Autozone, Inc. is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil. The Company's stores carry product lines for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Company's other operating segments include ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry; E-commerce, which includes direct sales to customers through www.autozone.com, and AutoAnything, which includes direct sales to customers through www.autoanything.com.

FINANCIAL RATIOS  of  AutoZone (AZO)

Valuation Ratios
P/E Ratio 16.6
Price to Sales 1.9
Price to Book -14.9
Price to Tangible Book
Price to Cash Flow 13.5
Price to Free Cash Flow 20.9
Growth Rates
Sales Growth Rate 2.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 11%
Cap. Spend. - 3 Yr. Gr. Rate 4.3%
Financial Strength
Quick Ratio 6
Current Ratio 0
LT Debt to Equity -355.8%
Total Debt to Equity -359.2%
Interest Coverage 15
Management Effectiveness
Return On Assets 15.4%
Ret/ On Assets - 3 Yr. Avg. 15.8%
Return On Total Capital 37.2%
Ret/ On T. Cap. - 3 Yr. Avg. 39.4%
Return On Equity -79.7%
Return On Equity - 3 Yr. Avg. -73.5%
Asset Turnover 1.2
Profitability Ratios
Gross Margin 52.7%
Gross Margin - 3 Yr. Avg. 52.6%
EBITDA Margin 21.9%
EBITDA Margin - 3 Yr. Avg. 21.9%
Operating Margin 19.1%
Oper. Margin - 3 Yr. Avg. 19.2%
Pre-Tax Margin 17.7%
Pre-Tax Margin - 3 Yr. Avg. 17.8%
Net Profit Margin 11.8%
Net Profit Margin - 3 Yr. Avg. 11.6%
Effective Tax Rate 33.5%
Eff/ Tax Rate - 3 Yr. Avg. 34.7%
Payout Ratio 0%

AZO stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AZO stock intrinsic value calculation we used $10889 million for the last fiscal year's total revenue generated by AutoZone. The default revenue input number comes from 2017 income statement of AutoZone. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AZO stock valuation model: a) initial revenue growth rate of 2.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 11.9%, whose default value for AZO is calculated based on our internal credit rating of AutoZone, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of AutoZone.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AZO stock the variable cost ratio is equal to 80.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for AZO stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for AutoZone.

Corporate tax rate of 27% is the nominal tax rate for AutoZone. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AZO stock is equal to 0.4%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AZO are equal to 39.3%.

Life of production assets of 10 years is the average useful life of capital assets used in AutoZone operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AZO is equal to -2.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $-1428 million for AutoZone - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 28 million for AutoZone is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of AutoZone at the current share price and the inputted number of shares is $21.4 billion.

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COMPANY NEWS

▶ AutoZone drops, Dropbox on the rise, Kroger dives   [Aug-01-18 12:27PM  Yahoo Finance]
▶ These 4 Stocks Boast Superb Earnings Acceleration   [Jul-26-18 11:17AM  InvestorPlace]
▶ [$$] Tougher Times Are Ahead, Says Abby Joseph Cohen   [Jul-13-18 08:04PM  Barrons.com]
▶ Is AutoZone Inc (NYSE:AZO) A Buy At Its Current PE Ratio?   [Jun-25-18 03:37PM  Simply Wall St.]
▶ Free Research Report as AutoZone's EPS Surged 17.3%   [Jun-22-18 07:20AM  ACCESSWIRE]
▶ NASCAR® Returns to Memphis June 2   [06:00PM  GlobeNewswire]
▶ 5 Top Stock Trades for Wednesday Morning   [03:55PM  InvestorPlace]
▶ AutoZone CEO: 'This is a marathon and not a sprint'   [02:47PM  American City Business Journals]
▶ The Afternoon Rundown: May 22, 2018   [02:32PM  CNBC Videos]
▶ AutoZone: Fiscal 3Q Earnings Snapshot   [07:13AM  Associated Press]
▶ AutoZone, Inc. to Host Earnings Call   [07:00AM  ACCESSWIRE]
▶ Cover Story: How a trade war could affect Memphis' biggest companies   [06:00AM  American City Business Journals]
▶ AutoZone Appoints New Board Members   [May-15-18 04:15PM  GlobeNewswire]
▶ The 3 Stocks on the MFM Team's Radar This Week   [May-08-18 11:18AM  Motley Fool]
▶ Retail Roundup: More Amazon, AutoZone Bulls; Food Fight?   [May-07-18 03:00PM  Barrons.com]
▶ Chipotle Up So Big on So Little   [03:59PM  Motley Fool]
▶ AutoZone to Release Third Quarter Earnings May 22, 2018   [Apr-26-18 05:30PM  GlobeNewswire]
▶ Elon Musk blames robots for slow production, calls humans underrated   [Apr-16-18 10:28AM  Yahoo Finance Video]
▶ Edited Transcript of AZO presentation 7-Mar-17 1:05pm GMT   [Apr-10-18 11:00AM  Thomson Reuters StreetEvents]
▶ 7 Consumer ETFs to Play the Big Tax Return Spending Spree   [Mar-28-18 02:37PM  InvestorPlace]
▶ AutoZone Authorizes Additional Stock Repurchase   [Mar-20-18 06:30PM  GlobeNewswire]
▶ Why AutoZone Stock Lost 13% in February   [Mar-05-18 11:08AM  Motley Fool]
▶ AutoZone sells two business segments   [04:00PM  American City Business Journals]
▶ Should You Buy AutoZone Inc (NYSE:AZO)?   [10:15AM  Simply Wall St.]
▶ AutoZone misses 2Q profit forecasts   [08:25AM  Associated Press]
▶ AutoZone, Inc. to Host Earnings Call   [08:15AM  ACCESSWIRE]
▶ AutoZone hosts MLK commemoration   [Feb-22-18 12:25PM  American City Business Journals]
▶ 4 Investment Ideas Amongst the Sell Off   [Feb-09-18 01:20PM  Zacks]
▶ Is Amazon.com Set to Destroy These 3 Industries?   [Jan-30-18 09:37AM  Motley Fool]
▶ Chairwoman of the board? Memphis public companies talk top-level gender diversity   [Jan-26-18 02:30PM  American City Business Journals]
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