AutoZone (AZO) Continues to Perform

The Memphis Tennessee operator of specialty retail stores in the automotive industry continues to see earnings expectation increases and new stock price highs with it’s current quarter to be announced December 7th. Currently priced at $11.38 billion, the company does not offer a dividend and has provided nice appreciation over the past year.

The stock of AutoZone recently hit a new 52 week high of $249.53 on November 10th and looks within range to top that price sometime in the near future. Analysts continue to improve their estimates for the current quarter and are now expecting $3.38 a share. The current year estimates have also been increased over the past three months, from $16.54 a share to $17.39. Revenue is also expected to increase 7% compared to the same quarter last year.

Autozone (AZO) Climbs as Earnings Approach

Despite a slight sell off down to the $175 a share range along with the market swoon Monday this week, the stock of Autozone (AZO)continues to perform and is close once again to a new 52 week high. The stock has moved back to $185 over the past three days within reach of the current year period high of $187.94. With earnings season approaching, the stock should behave well over the near term.