AutoZone Inc. (AZO) Rises 3.09% for August 28

Equities Staff  |

Among the biggest risers on the S&P 500 on Wednesday August 28 was AutoZone Inc. ($AZO), popping some 3.09% to a price of $1,097.69 a share with some 310,917 shares trading hands.

Starting the day trading at $1,064.00, AutoZone Inc. reached an intraday high of $1,105.46 and hit intraday lows of $1,060.50. Shares gained $32.9 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 262,234 of its 24.53 million share total float. Today’s action puts the stock’s 50-day SMA at $1,116.23 and 200-day SMA at $978.71 with a 52-week range of $705.01 to $1,186.60.

AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, just over 20% in fiscal 2018, and has a growing presence in Mexico and Brazil. AutoZone had 6,202 stores in the U.S., Mexico, and Brazil as of the end of fiscal 2018.

AutoZone Inc. has its corporate headquarters located in Memphis, TN and employs 90,000 people. Its market cap has now risen to $26.92 billion after today’s trading, its P/E ratio is now 19.1, its P/S 2.28, P/B -16.94, and P/FCF 16.6.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of AutoZone Inc., check out Stock Valuation Analysis tool for AZO.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

To get more information on AutoZone Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: AZO’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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