AutoZone, Inc (NYSE:AZO) reported that quarterly profit surpassed market anticipations on better margins, but sales expansion sluggish
The largest U.S. auto parts retail chain AutoZone, which fights with Advance Auto Parts, Inc (NYSE:AAP) and O’Reilly Automotive Inc (NASDAQ:ORLY), reported that domestic same-store sales boosted almost 4% for the Q3, evaluated against a growth of more than 5% in previous year.
AutoZone, which operates in both retail and commercial auto parts and accessories markets, booked a gross margin of 51.6%, high from 51.2% previous year. The company reported that net income moved up to $248.6 million or $6.28 a share, evaluated against $227.4 million or $5.29 a share in the previous year. The company reported that sales moved up 7% to $2.11 billion.
Advance Auto Parts, Inc (NYSE:AAP) fell -1.22% to settle at $68.97, O’Reilly Automotive Inc (NASDAQ:ORLY) moved down -0.46% to end at $95.32 while The Pep Boys – Manny, Moe & Jack (NYSE:PBY) plunged -0.62% to finish on Tuesday at $11.27.
AutoZone, Inc (NYSE:AZO) on May 22, 2012 decreased -2.01% to the closing price of $361.14. The overall volume in the last trading session was 1.35 million shares. Its fifty two week range was $266.25-$399.10. The total market capitalization remained $14.07 million.
AZO is ahead its 52 week low with 35.64% and lagging behind from its 52 week high price with -9.51%. AZO last month stock price volatility remained 2.18%. In its share capital AZO has 38.97 million outstanding shares among them 37.04 million shares have been floated in market exchange. AZO stock institutional ownership remained 82.40% while insider ownership included 0.96%.
The stock price of AZO is moving down from its 20 days moving average with -6.28% and remote negatively from 50 days moving average with -5.36%. AZO current year earnings per share experienced an addition with 30.02% while its current quarter performance remained 0.61%. Company’s beta coefficient included 0.39. Beta factors measures the amount of market risk associated with market trade.
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