US Equity Market Update as of September 22
AutoZone’s price movement
AutoZone (AZO) has a market cap of $22.47 billion, and its YTD (year-to-date) price movement is going up day by day. After the company’s 4Q15 earnings report, AZO fell 0.05% to close at $728 per share.
The price movements on weekly, monthly, and year-to-date bases are -0.20%, 3.86%, and 17.59%, respectively. It’s trading at -0.64% on a trailing five-day basis.
Technically, AutoZone sometimes broke the support of 20-day and 50-day moving averages. Currently, it’s trading at 0.73% above the 20-day moving average, 2.53% above the 50-day moving average, and 9.22% above the 200-day moving average.
The PowerShares DWA Consumer Cyclicals Momentum ETF (PEZ) invests 2.83% of its holdings in AutoZone. The ETF tracks an index of US consumer cyclical companies selected and weighted by price momentum. PEZ is 5.73% YTD.
Following are AutoZone’s competitors and their market caps:
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Genuine Parts (GPC) – $12.63 billion
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O’Reilly Automotive (ORLY) – $24.36 billion
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Advance Auto Parts (AAP) – $12.69 billion
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Icahn Enterprises (IEP) – $8.95 billion
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Dorman Products (DORM) – $1.82 billion
AutoZone’s performance in 4Q15 and fiscal 2015
According to AutoZone’s 4Q15 earnings report, net revenue has increased to $3,290.404 million, an increase of 31.9% when compared to the net revenue of $2,493.021 million in 3Q15. Gross profit and EPS (earnings per share) have increased 32.6% and 33.22%, respectively. The company opened 72 domestic stores and 23 stores in Mexico in 4Q15.
In fiscal 2015, the company reported net revenue of $10,187.340 million, an increase of 7.51% on a yearly basis. The company opened 199 new stores in fiscal 2015. Net income and EPS came in at $1,160.241 million and $36.03 per share.
Cash and cash equivalents increased 40.8% to $175.309 million. The current ratio increased to 0.85 in fiscal 2015, an increase of 8.9% compared to the current ratio of 0.78 in fiscal 2014.
About AutoZone
AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in the United States. AutoZone stores carry an extensive product line for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. AutoZone also sells the ALLDATA brand diagnostic and repair software through alldata.com.
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