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Here's Why AutoZone (AZO) is a Strong Value Stock

Zacks Equity Research
·2-min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why Investors Should Pay Attention to This Value Stock

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.

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AutoZone (AZO)

AutoZone, Inc. is one of the leading specialty retailers and distributor of automotive replacement parts and accessories in the United States. It operates in the Do-It-Yourself (DIY) retail, Do-It-for-Me (DIFM) auto parts and products markets. At the end of fiscal 2021, the company had 6,051 stores in the United States, 664 in Mexico and 52 in Brazil. Total store count was 6,767 as of Aug 28, 2021. Each store offers wide-ranging products for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.

AZO boasts a Value Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of AutoZone are trading at a forward earnings multiple of 20.2X, as well as a PEG Ratio of 1.7, a Price/Cash Flow ratio of 19.3X, and a Price/Sales ratio of 2.9X.

A company's earnings performance is important for value investors as well. For fiscal 2022, one analyst revised their earnings estimate higher in the last 60 days for AZO, while the Zacks Consensus Estimate has increased $0.07 to $115.12 per share. AZO also holds an average earnings surprise of 19.8%.

Investors should take the time to consider AZO for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.


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AutoZone, Inc. (AZO) : Free Stock Analysis Report
 
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Zacks Investment Research