Cardan Capital Partners Lowers stake in AutoZone (AZO)

AutoZone (AZO) : Cardan Capital Partners reduced its stake in AutoZone by 1.1% during the most recent quarter end. The investment management company now holds a total of 6,478 shares of AutoZone which is valued at $5,119,693 after selling 72 shares in AutoZone , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.AutoZone makes up approximately 1.16% of Cardan Capital Partners’s portfolio.

Other Hedge Funds, Including , Prospera Financial Services Inc reduced its stake in AZO by selling 75 shares or 10.19% in the most recent quarter. The Hedge Fund company now holds 661 shares of AZO which is valued at $522,402. AutoZone makes up approx 0.11% of Prospera Financial Services Inc’s portfolio.Northwest Investment Counselors reduced its stake in AZO by selling 46 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 3,533 shares of AZO which is valued at $2,807,074. AutoZone makes up approx 1.48% of Northwest Investment Counselors’s portfolio.Alpha Windward reduced its stake in AZO by selling 6 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 240 shares of AZO which is valued at $195,605. AutoZone makes up approx 0.14% of Alpha Windward’s portfolio.

AutoZone closed down -2.01 points or -0.25% at $813.97 with 2,21,898 shares getting traded on Friday. Post opening the session at $816, the shares hit an intraday low of $810 and an intraday high of $816.52 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, AutoZone reported $10.77 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on May 24, 2016. Analyst had a consensus of $10.92. The company had revenue of $2593.70 million for the quarter, compared to analysts expectations of $2645.31 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.57 EPS.

AutoZone Inc. (AutoZone) is a retailer and a distributor of automotive replacement parts and accessories in the United States. The Company’s segments include Auto Parts Stores and Other. The Company’s Auto Parts Stores segment includes Domestic Auto Parts Mexico Brazil and Interamerican Motor Corporation (IMC). The Company’s Other segment includes business activities of ALLDATA E-commerce and AutoAnything. The ALLDATA produces sells and maintains diagnostic and repair information software used in the automotive repair industry. The e-commerce includes direct sales to customers through www.autozone.com. The AutoAnything includes direct sales to customers through www.autoanything.com. The Company operates approximately 5069 AutoZone stores in the United States including stores in Puerto Rico Mexico Brazil and IMC branches. IMC branches carry a line of original equipment import replacement parts.

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