Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    50,497.33
    -1,057.04 (-2.05%)
     

  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Is AutoZone (AZO) Stock Outpacing Its Retail-Wholesale Peers This Year?

Zacks Equity Research

Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has AutoZone (AZO) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

AutoZone is a member of the Retail-Wholesale sector. This group includes 222 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. AZO is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for AZO's full-year earnings has moved 1.36% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

ADVERTISEMENT

According to our latest data, AZO has moved about 41.14% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of 26.51%. This shows that AutoZone is outperforming its peers so far this year.

Breaking things down more, AZO is a member of the Automotive - Retail and Wholesale - Parts industry, which includes 5 individual companies and currently sits at #60 in the Zacks Industry Rank. On average, this group has gained an average of 27.91% so far this year, meaning that AZO is performing better in terms of year-to-date returns.

Investors with an interest in Retail-Wholesale stocks should continue to track AZO. The stock will be looking to continue its solid performance.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
AutoZone, Inc. (AZO) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research