AutoZone Inc
AZO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$4,953.00 | Xpfm | Ycbqxrsgf |
AutoZone Earnings: Soft Pricing Gains Weigh on Domestic Sales Growth, but Margins Remain Strong
Wide-moat AutoZone posted mixed fiscal third-quarter results as gross margin strength helped mask the firm’s lackluster top-line growth. We plan to raise our $2,480 fair value estimate by a low-single-digit percentage primarily due to the time value of money but still view shares as slightly overvalued.