Automotive Retail

Goldman Sachs has raised the price target on AutoZone (NYSE: AZO) from $262 to $292 and maintains its Sell rating.

AutoZone, Inc. (NYSE: AZO) are soaring today, gaining more than 6% after the company blew out earnings estimates, and hit an all-time high. Despite the earnings beat, is there more room for Autozone to run? It looks that ways, at least at first glance. The company said strong third-quarter...

At 10:04 am, the Dow rose 0.21% to 12,406.81, the broader Standard & Poor's 500 index moved up 0.38% to 1,322.35 and the NASDAQ composite index gained 0.14% to 2,762.72. The industries that are driving the market today are: Auto Parts Stores: This industry jumped 2.95% by 10:04 am. The top...

ISI is out with its report today on AutoZone (NYSE: AZO), maintaining Hold. In a note to clients, ISI writes, "AZO continues to churn out strong free cash flow, and attack its share count. A 5.3% comp was stronger than anticipated and will likely take the stock higher. That said, comps have slowed...

Shares of Valeant Pharmaceuticals International Inc (NYSE: VRX) gained about 3.7% after the company announced its plans to acquire Lithuania-based AB Sanitas for around 314 million euros ($442.9 million) in cash. The transaction also includes 50 million euros of Sanitas debt. The deal is likely to...

According to J.P. Morgan, AutoZone (NYSE: AZO) reported 3Q11 operating EPS of $5.29 vs. consensus of $4.97 and $4.67E. J.P. Morgan said that total sales increased 8.6% to $1.97B with same-store sales of 5.3% vs. 0.0%E. “Gross margin expansion of 57 bps was slightly ahead of expectations on...

Goldman Sachs is out with its report today on AutoZone (NYSE: AZO), maintaining Neutral. In a note to clients, Goldman Sachs writes, "Better retail sales momentum drove the earnings beat vs. GS and consensus. We continue to expect retail same-store sales to slow on higher gas and food prices. Our...

Medtronic Inc (NYSE: MDT) reported a 19% drop in its fourth quarter net income on Tuesday. Medtronic reported its Q4 profit at $776 million, or $0.72 per share, down from $954 million, or $0.86 per share, in the year-ago period. Excluding restructuring and other costs of $198 million, Medtronic's...

Pre-open movers US stock futures are higher this morning, as investors are awaiting housing data. Futures on the Dow Jones Industrial Average gained 32 points to 12,394.00 and futures on the S&P 500 stock index rose 3.90 points to 1,319.10. Nasdaq 100 futures surged 5 points to 2,320.50. A...

AutoZone Inc (NYSE: AZO) reported upbeat earnings for the fiscal third quarter on Tuesday. AutoZone reported its quarterly earnings at $227.4 million, or $5.29 per share, up from $202.7 million, or $4.12 per share, in the year-earlier period. Its sales surged to $1.98 billion from $1.82 billion....

Avago Technologies Limited (NASDAQ: AVGO) is expected to post its FQ2 EPS at $0.60 on revenue of $554.40 million. TiVo Inc (NASDAQ: TIVO) is projected to report a Q1 loss at $0.31 per share on revenue of $41.98 million. AutoZone Inc (NYSE: AZO) is projected to report its FQ3 EPS at $4.99 on...

Some of the stocks that may grab investor focus today are: Wall Street expects AutoZone Inc (NYSE: AZO) to report its FQ3 EPS at $4.99 on revenue of $1.92 billion. AZO shares dropped 0.10% to $276.50 in after-hours trading. GT Solar International Inc (NASDAQ: SOLR) reported an increase in its...

AutoZone (NYSE: AZO) is scheduled to report fiscal third-quarter 2011 results before the opening bell on Tuesday, May 24. Analysts expect the specialty retailer to announce that earnings came to $4.99 per share. The consensus estimate was $4.85 per share 90 days ago, and per-share earnings came in...

This week, quarterly results are due from Campbell Soup (NYSE: CPB) and Polo Ralph Lauren (NYSE: RL), which are expected to report that earnings are lower than they were a year ago. From AutoZone (NYSE: AZO), Big Lots (NYSE: BIG), DSW (NYSE: DSW), H.J. Heinz (NYSE: HNZ), Hormel Foods (NYSE: HRL),...

According to Goldman Sachs, Advance Auto Parts (NYSE: AAP) price target is lowered to $70. Goldman Sachs said that AAP's turnaround has been volatile all along, with management constantly balancing the pace of internal change vs. a desire to deliver the numbers. “A less supportive sector...