|Bid||859.23 x 800|
|Ask||866.99 x 800|
|Day's range||827.50 - 882.13|
|52-week range||684.91 - 1,274.41|
|Beta (5Y monthly)||0.59|
|PE ratio (TTM)||12.99|
|Earnings date||18 May 2020 - 24 May 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1,180.00|
The Zacks Analyst Blog Highlights: General Motors, Toyota Motor, Navistar International, AutoZone and BMW AG
(Bloomberg) -- If a coronavirus-driven recession scares consumers away from car dealerships, they’ll have to turn to the likes of AutoZone Inc., O’Reilly Automotive Inc. and Advance Auto Parts Inc. to keep their old beaters running.At least that’s the bet investors are making Monday. The retailers of replacement parts were three of only nine stocks in the S&P 500 trading higher as of 2:30 p.m. New York time.“The market is reading this as, no one will be buying new cars for a while,” said Kevin Tynan, a senior analyst with Bloomberg Intelligence. “If consumers are retrenching, they will keep their cars longer. There is a natural resilience to these companies.”AutoZone shares rose as much as 4.5%, while O’Reilly and Advance Auto advanced as much as 3.1% and 1.9%, respectively.Carmakers, on the other hand, are getting crushed out of concern that Covid-19 becomes a significant threat to demand across the globe. Countries are now taking or considering severe measures to contain the virus similar to those in China, where auto sales plummeted a record 80% last month.The 26-member Bloomberg World Auto Manufacturers Index plunged as much as 6.6% on Monday, its biggest intraday drop since December 2012. General Motors Co. shares fell as much as 16% and are on course for their biggest decline since the company’s November 2010 initial public offering.\--With assistance from Cécile Daurat.To contact the reporter on this story: David Welch in Southfield at firstname.lastname@example.orgTo contact the editors responsible for this story: Craig Trudell at email@example.com, Melinda GrenierFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
General Motors (GM) bets big on EVs with $20 billion investments through 2025. While AutoZone (AZO) delivers earnings beat, Navistar (NAV) delivers dismal quarterly results.
AutoZone's (AZO) domestic commercial sales totaled $556.9 million in second-quarter fiscal 2020, up from the $514.6 million recorded in the year-ago quarter.
AutoZone (AZO) delivered earnings and revenue surprises of 4.38% and -2.55%, respectively, for the quarter ended February 2020. Do the numbers hold clues to what lies ahead for the stock?
AutoZone (AZO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Coronavirus developments, February jobs report, Super Tuesday and Target earnings will keep investors busy in the week ahead.
Continued sales growth in both retail DIY and commercial DIFM businesses is likely to have boosted AutoZone's (AZO) bottom line in the to-be-reported quarter.
The Zacks Analyst Blog Highlights: Tesla, Blue Bird, PACCAR, AutoZone and Motorcar Parts of America
A healthy U.S. economy, low gas prices, low interest rates and longer loan terms bode well for the auto industry this year. Here're the obvious choices -
AutoZone (AZO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
Insight Enterprises (NSIT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.