The EVP of AutoZone is Exercising Options

Today it was reported that the EVP of AutoZone (NYSE: AZO), William W. Graves, exercised options to sell 18,900 AZO shares at $348.61 a share, for a total transaction value of $14.67M.

Following William W. Graves’ last AZO Sell transaction on March 01, 2017, the stock climbed by 40.8%. In addition to William W. Graves, 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.

William W. Graves’ trades have generated a -21.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.