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...If we were looking for a safer “Garp” pick in retail, we could have picked, say, AutoZone. But we need risk if we are going to place well in the contest, so we went with the turnaround story....
...A recent pullback in its share price now puts AutoZone on 18 times forward earnings, in line with its three year average. Investors should kick the tyres on this stock....
...Many of them — Costco, AutoZone, Dick’s Sporting Goods — grew sales very quickly in the pandemic years and must now be wondering what’s coming next....
...On the corporate front, investors have the latest results from General Mills and AutoZone....
...In the case of AutoZone, this was also not the case....
...Bill Rhodes, AutoZone’s chief executive said it was “a very challenging spring sales season.”...
...Earlier this month, AutoZone and CarMax both reported quarterly results that beat analyst estimates....
...Bill Rhodes, AutoZone’s chief executive, said it was “a very challenging spring sales season”....
...The warning from O’Reilly rattled shares of other car parts retailers, with AutoZone falling 9.6 per cent to $516.83 and Advance Auto Parts dropping 11.2 per cent to $105.21....
...But, like many retail industries, the trend is bigger than one company and other stocks fell in line with AutoZone....
...AutoNation fell 5.7 per cent to $40.31, and car parts chain AutoZone dropped 3.1 per cent to $593.81....
...The two outstanding performers are AutoZone and O’Reilly, both of which have returned more than 600 per cent to shareholders in 10 years....
...AutoZone, Michael Kors, Tiffany, Costco, GameStop and Avago Technologies are scheduled to announce earnings. US markets are closed on Monday in observance of Memorial day....
...The list includes Mylan, Best Buy, AutoZone, Petsmart, Staples, Costco and Kroger. Outside of the US, Barclays, Glencore and Adidas are set to report earnings....
...Car parts retailer AutoZone added 2.6 per cent to $425.07 despite reporting fourth-quarter results that missed expectations....
...AutoZone shares fell sharply after the largest US auto parts retailer’s quarterly revenues missed analysts’ estimates for the third time in a row....
...AutoZone shares jumped 3.6 per cent to $382.45 after Citi analyst reiterated ‘buy’ rating in a note....
...Mr Lampert also reduced ESL’s stake in car parts retailer AutoZone to 12.6 per cent from 21.7 per cent, but after falling sharply at the open, shares recovered to close 2.2 per cent higher at $326.96....
...Earlier in the month, Advance Auto Parts , a smaller rival to AutoZone, disappointed investors with its quarterly results. Auto Parts is down 5 per cent this month at $62.54....
...In earnings news, AutoZone, a retailer of car parts, reported earnings up 20 per cent and same-store sales up by 7.1 per cent. The stock added 2.2 per cent to $263.52....
...Autozone , a retailer of auto parts, bucked the day’s downward trend, to rally 5.6 per cent to $194.57, its all-time high....
...AutoZone, the largest US auto parts retail chain, reported better- than-expected quarterly results. But the group said that it had suffered as buyers shifted toward lower-margin products....
...Lampert’s ESL investments has seen the value of its holdings in Sears Holding, Autozone and Citigroup – among others – fall by $5bn since mid September....
...The continuing bad news from the automotive sector seems to have provided a boost to Autozone, the car-part retailer, as drivers look to repair rather than replace their vehicles....
...But AutoZone, the carparts retailer, fell 1.6 per cent to $164.08 after Citigroup said its stock was overvalued....
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