In a research report published today by Citi, AutoZone Inc.'s AZO key earnings catalysts include a variety of focuses.
“Key earnings catalysts include: 1) priorities for cash & cadence of share repurchase activity, 2) sales momentum following results from top competitors ORLY/AAP & indications of market share shifts, 3) trajectory of growth in DIFM, impact on OM%, 4) color around ability to pass on inflationary pressures,” Citi said in the report.
Citi maintains its Buy rating and $395 PT on AutoZone, which is currently trading at $362.72.
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