Autozone Stock Net Income
| AZO Stock | USD 2,986 12.37 0.42% |
AutoZone fundamentals help investors to digest information that contributes to AutoZone's financial success or failures. It also enables traders to predict the movement of AutoZone Stock. The fundamental analysis module provides a way to measure AutoZone's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to AutoZone stock.
| Last Reported | Projected for Next Year | ||
| Net Income | 2.9 B | 3.1 B | |
| Net Income Applicable To Common Shares | 2.9 B | 3.1 B | |
| Net Income From Continuing Ops | 2.9 B | 1.6 B | |
| Net Income Per Share | 64.78 | 68.02 | |
| Net Income Per E B T | 0.80 | 0.53 |
AutoZone | Net Income |
AutoZone Company Net Income Analysis
AutoZone's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current AutoZone Net Income | 2.53 B |
Most of AutoZone's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, AutoZone is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
AutoZone Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for AutoZone is extremely important. It helps to project a fair market value of AutoZone Stock properly, considering its historical fundamentals such as Net Income. Since AutoZone's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of AutoZone's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of AutoZone's interrelated accounts and indicators.
AutoZone Net Income Historical Pattern
Today, most investors in AutoZone Stock are looking for potential investment opportunities by analyzing not only static indicators but also various AutoZone's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's net income growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of AutoZone net income as a starting point in their analysis.
AutoZone Net Income |
| Timeline |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
AutoZone Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, AutoZone reported net income of 2.53 B. This is 395.14% higher than that of the Specialty Retail sector and 195.57% higher than that of the Consumer Discretionary industry. The net income for all United States stocks is significantly lower than that of the firm.
AutoZone Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AutoZone's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of AutoZone could also be used in its relative valuation, which is a method of valuing AutoZone by comparing valuation metrics of similar companies.AutoZone is currently under evaluation in net income category among related companies.
AutoZone ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, AutoZone's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to AutoZone's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
AutoZone Institutional Holders
Institutional Holdings refers to the ownership stake in AutoZone that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of AutoZone's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing AutoZone's value.| Shares | Norges Bank | 2023-12-31 | 262.4 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 262 K | First Manhattan Co. Llc | 2023-12-31 | 256.5 K | Parnassus Investments, Llc | 2023-12-31 | 243.6 K | Stonepine Asset Management Inc. | 2023-12-31 | 215 K | Dz Bank Ag Deutsche Zentral-genossenschaftsbank Frankfurt Am Main | 2023-12-31 | 212.8 K | Deutsche Bank Ag | 2023-12-31 | 198.1 K | Northern Trust Corp | 2023-12-31 | 195.7 K | Nordea Investment Mgmt Bank Demark A/s | 2023-12-31 | 195.1 K | Vanguard Group Inc | 2023-12-31 | 1.7 M | Blackrock Inc | 2023-12-31 | 1.3 M |
AutoZone Fundamentals
| Return On Asset | 0.14 | ||||
| Profit Margin | 0.15 % | ||||
| Operating Margin | 0.19 % | ||||
| Current Valuation | 63.11 B | ||||
| Shares Outstanding | 17.3 M | ||||
| Shares Owned By Insiders | 0.27 % | ||||
| Shares Owned By Institutions | 95.72 % | ||||
| Number Of Shares Shorted | 391.36 K | ||||
| Price To Earning | 21.95 X | ||||
| Price To Book | 13.38 X | ||||
| Price To Sales | 2.87 X | ||||
| Revenue | 17.46 B | ||||
| Gross Profit | 9.07 B | ||||
| EBITDA | 3.97 B | ||||
| Net Income | 2.53 B | ||||
| Cash And Equivalents | 277.05 M | ||||
| Cash Per Share | 16.55 X | ||||
| Total Debt | 10.93 B | ||||
| Debt To Equity | (5.81) % | ||||
| Current Ratio | 0.77 X | ||||
| Book Value Per Share | (279.42) X | ||||
| Cash Flow From Operations | 2.94 B | ||||
| Short Ratio | 2.52 X | ||||
| Earnings Per Share | 141.82 X | ||||
| Price To Earnings To Growth | 1.48 X | ||||
| Target Price | 3303.44 | ||||
| Number Of Employees | 71.4 K | ||||
| Beta | 0.71 | ||||
| Market Capitalization | 51.44 B | ||||
| Total Asset | 15.99 B | ||||
| Retained Earnings | (2.96 B) | ||||
| Working Capital | (1.73 B) | ||||
| Current Asset | 4.24 B | ||||
| Current Liabilities | 4.69 B | ||||
| Net Asset | 15.99 B |
About AutoZone Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AutoZone's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AutoZone using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AutoZone based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with AutoZone
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AutoZone position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AutoZone will appreciate offsetting losses from the drop in the long position's value.Moving together with AutoZone Stock
| 0.87 | W | Wayfair Financial Report 2nd of May 2024 | PairCorr |
| 0.82 | AN | AutoNation Earnings Call This Week | PairCorr |
Moving against AutoZone Stock
| 0.9 | AAN | Aarons Financial Report 22nd of April 2024 | PairCorr |
| 0.75 | BQ | Boqii Holding Limited | PairCorr |
| 0.72 | FNKO | Funko Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.69 | BGI | Birks Group | PairCorr |
| 0.68 | ETSY | Etsy Inc Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to AutoZone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AutoZone when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AutoZone - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AutoZone to buy it.
The correlation of AutoZone is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AutoZone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AutoZone moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AutoZone can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out AutoZone Piotroski F Score and AutoZone Altman Z Score analysis. To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.Note that the AutoZone information on this page should be used as a complementary analysis to other AutoZone's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for AutoZone Stock analysis
When running AutoZone's price analysis, check to measure AutoZone's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AutoZone is operating at the current time. Most of AutoZone's value examination focuses on studying past and present price action to predict the probability of AutoZone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AutoZone's price. Additionally, you may evaluate how the addition of AutoZone to your portfolios can decrease your overall portfolio volatility.
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Is AutoZone's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AutoZone. If investors know AutoZone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AutoZone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.172 | Earnings Share 141.82 | Revenue Per Share 999.527 | Quarterly Revenue Growth 0.046 | Return On Assets 0.1423 |
The market value of AutoZone is measured differently than its book value, which is the value of AutoZone that is recorded on the company's balance sheet. Investors also form their own opinion of AutoZone's value that differs from its market value or its book value, called intrinsic value, which is AutoZone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AutoZone's market value can be influenced by many factors that don't directly affect AutoZone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AutoZone's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoZone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoZone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.