Are analysts bullish on AutoZone Inc. (NYSE: AZO) post Q3 release? | Kalkine

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Are analysts bullish on AutoZone Inc. (NYSE: AZO) post Q3 release?

Tue 30 May 23, 07:00 AM | Akanksha Vashisht

Are analysts bullish on AutoZone Inc. (NYSE: AZO) post Q3 release?

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AutoZone, a premier seller of automotive parts and accessories, has received a ‘Buy’ rating from analysts post the release of its Q3 financial results. For the three months ended May 6, 2023, AutoZone reported 5.8% sequential increase in net sales to US$ 4.1 billion.

Guggenheim Securities upgraded its rating on AZO to ‘Buy’ rating on the same day that the company released its financial statements. The mean recommendation rating on AZO was 2.1 on a scale of one to five, showing an overall ‘Buy’ rating. Here, one represents a ‘Strong Buy’ rating and five represents a ‘Strong Sell’ rating.

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