AutoZone, Inc. (AZO) saw a slight decrease in its stock price, currently at $3,558.31 with a change of -$3.95 (-0.111%). Trading volume stands at $105,442, representing a 67.42% increase compared to the average volume.
In the latest quarterly earnings report released on Monday, March 2nd, AutoZone reported earnings per share of $27.63, surpassing the consensus estimate of $27.15.
The company maintained a strong operating cash flow of $373.43 million, with free cash flow amounting to $36.72 million. Notably, debt repayment stood at $-254.72 million, impacting the net change in cash to -$2.15 million.
AutoZone's revenue reached $4.27 billion, resulting in a gross profit of $2.24 billion. The company reported an operating income of $698.46 million and a net income of $468.86 million, translating to earnings per share of $28.29.
Key financial ratios reveal a gross profit margin of 52.49%, operating profit margin of 16.34%, and a net profit margin of 10.97%. The return on assets stands at 2.29, while the price to earnings ratio is at 33.35.
With total assets of $20.44 billion and total liabilities of $23.35 billion, AutoZone holds a strong financial position. Cash and cash equivalents amount to $285.49 million, contributing to a net debt of $12.13 billion.
This comprehensive analysis provides insights into AutoZone's financial performance, highlighting key metrics and trends for investors to consider.
AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs. In addition, the company offers maintenance products, such as antifreeze and windshield washer fluids; brake drums, rotors, shoes, and pads; brake and power steering fluids, and oil and fuel additives; oil and transmission fluids; oil, cabin, air, fuel, and transmission filters; oxygen sensors; paints and accessories; refrigerants and accessories; shock absorbers and struts; spark plugs and wires; and windshield wipers. Further, it provides air fresheners, cell phone accessories, drinks and snacks, floor mats and seat covers, interior and exterior accessories, mirrors, performance products, protectants and cleaners, sealants and adhesives, steering wheel covers, stereos and radios, tools, and wash and wax products, as well as towing services. Additionally, the company provides a sales program that offers commercial credit and delivery of parts and other products; sells automotive diagnostic and repair software under the ALLDATA brand through alldata.com and alldatadiy.com; and automotive hard parts, maintenance items, accessories, and non-automotive products through autozone.com. As of November 20, 2021, it operated 6,066 stores in the United States; 666 stores in Mexico; and 53 stores in Brazil. The company was founded in 1979 and is based in Memphis, Tennessee.