The EVP & CFO of AutoZone is Exercising Options

Today it was reported that the EVP & CFO of AutoZone (AZO), William Giles, exercised options to sell 13,500 AZO shares at $225.74 a share, for a total transaction value of $11.75M.

Following William Giles’ last AZO Sell transaction on December 11, 2017, the stock climbed by 160.1%. In addition to William Giles, 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 November 30, the company posted quarterly revenue of $2.64 billion and quarterly net profit of $351 million. In comparison, last year the company earned revenue of $2.59 billion and had a net profit of $281 million. AZO’s market cap is $21.9B and the company has a P/E ratio of 16.61. Currently, AutoZone has an average volume of 390K.

Based on 16 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $899.50, reflecting a 3.4% upside.

The insider sentiment on AutoZone has been negative according to 62 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 distribution of automotive replacement parts and accessories. It operates through the Auto Parts Locations and Other segments. The Auto Parts Locations segment provides automotive parts and accessories through the company’s stores in the U.S., Puerto Rico, Mexico, and Brazil.

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