New South Capital Management Inc Lowers stake in AutoZone (AZO)

AutoZone (AZO) : New South Capital Management Inc reduced its stake in AutoZone by 0.39% during the most recent quarter end. The investment management company now holds a total of 210,088 shares of AutoZone which is valued at $167,200,636 after selling 824 shares in AutoZone , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.AutoZone makes up approximately 3.98% of New South Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Westport Resources Management Inc boosted its stake in AZO in the latest quarter, The investment management firm added 410 additional shares and now holds a total of 3,012 shares of AutoZone which is valued at $2,397,130. AutoZone makes up approx 0.75% of Westport Resources Management Inc’s portfolio. Calamos Wealth Management added AZO to its portfolio by purchasing 2,047 company shares during the most recent quarter which is valued at $1,617,785. AutoZone makes up approx 0.31% of Calamos Wealth Management’s portfolio.Pggm Investments boosted its stake in AZO in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 26,074 shares of AutoZone which is valued at $20,606,804. AutoZone makes up approx 0.10% of Pggm Investments’s portfolio.Fenimore Asset Management Inc reduced its stake in AZO by selling 54 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 69,010 shares of AZO which is valued at $55,298,403. AutoZone makes up approx 2.66% of Fenimore Asset Management Inc’s portfolio.

AutoZone opened for trading at $788.47 and hit $794 on the upside on Friday, eventually ending the session at $793.9, with a gain of 0.70% or 5.54 points. The heightened volatility saw the trading volume jump to 1,82,295 shares. Company has a market cap of $23,207 M.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

AutoZone - Is it time to Sell?

Top Brokerage Firms are advising their investors on AutoZone. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.