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The COB, Pres & CEO of AutoZone is Exercising Options


Today it was reported that the COB, Pres & CEO of AutoZone (NYSE: AZO), William C. Rhodes, exercised options to sell 23,700 AZO shares at $228.20 a share, for a total transaction value of $18.49M.

In addition to William C. Rhodes, 2 other AZO executives reported Sell trades in the last month.

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Based on AutoZone’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $3.56 billion and quarterly net profit of $400 million. In comparison, last year the company earned revenue of $3.51 billion and had a net profit of $434 million. AZO’s market cap is $20.07B and the company has a P/E ratio of 15.97. Currently, AutoZone has an average volume of 259.4K.

Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $826.88, reflecting a 6.6% upside.

The insider sentiment on AutoZone has been negative according to 57 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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AutoZone, Inc. engages in the provision of retail and a distribution of automotive replacement parts and accessories. It operates through Auto Parts Locations, and Other segments. The Auto Parts Locations segment is provides automotive parts and accessories through the company’s stores in the United States, Puerto Rico, Mexico, and Brazil.