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AUTOZONE, INC.

(AZO)
  Report
Delayed Nyse  -  04:00 2022-10-03 pm EDT
2197.71 USD   +2.60%
09/30Insider Sell: Autozone
MT
09/27Evercore ISI Adjusts AutoZone Price Target to $2,170 From $2,180, Maintains In Line Rating
MT
09/27Argus Adjusts Price Target on AutoZone to $2,330 From $2,210, Reiterates Buy Rating
MT
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AUTOZONE INC : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

07/20/2022 | 04:57pm EDT

Item 1.01. Entry into a Material Definitive Agreement.

On July 19, 2022, AutoZone, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") by and among the Company and BofA Securities, Inc., J.P. Morgan Securities LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc., as representatives of the several underwriters named therein (the "Underwriters"), pursuant to which the Company agreed to issue and sell to the Underwriters, and the Underwriters agreed to purchase, $750,000,000 aggregate principal amount of the Company's 4.750% Notes due 2032. The Underwriting Agreement contains customary representations, warranties and agreements of the Company and customary conditions to closing, indemnification rights and obligations of the parties and termination provisions. The description of the Underwriting Agreement is qualified in its entirety by reference to the Underwriting Agreement, a copy of which is attached hereto as Exhibit 1.1.

Certain of the Underwriters or their respective affiliates have, from time to time, performed, and may in the future perform, various financial advisory, commercial banking and investment banking services for the Company and its affiliates, for which they received or will receive customary fees and expense reimbursement. Certain of the Underwriters or their affiliates are lenders and/or agents under the Company's existing revolving credit facilities.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits.



Exhibit
  No.                                   Description
  1.1       Underwriting Agreement, dated July 19, 2022, by and among the Company,
          BofA Securities, Inc., J.P. Morgan Securities LLC, Truist Securities,
          Inc. and U.S. Bancorp Investments, Inc., as representatives of the
          several underwriters named therein.

  104     Cover Page Interactive Data File (embedded within the Inline XBRL
          document).

© Edgar Online, source Glimpses

All news about AUTOZONE, INC.
09/30Insider Sell: Autozone
MT
09/27Evercore ISI Adjusts AutoZone Price Target to $2,170 From $2,180, Maintains In Line Rat..
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09/27Argus Adjusts Price Target on AutoZone to $2,330 From $2,210, Reiterates Buy Rating
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09/22Wolfe Research Raises AutoZone's Price Target to $2,350 From $2,150, Maintains Outperfo..
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09/20Goldman Sachs Raises AutoZone's Price Target to $2,334 From $2,296 Amid Strong Results,..
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09/20Goldman Sachs Increases AutoZone's Price Target to $2,334 From $2,296, Maintains Buy Ra..
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Analyst Recommendations on AUTOZONE, INC.
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Financials (USD)
Sales 2022 16 063 M - -
Net income 2022 2 392 M - -
Net Debt 2022 5 714 M - -
P/E ratio 2022 19,1x
Yield 2022 -
Capitalization 42 033 M 42 033 M -
EV / Sales 2022 2,97x
EV / Sales 2023 2,83x
Nbr of Employees 85 050
Free-Float 94,1%
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Technical analysis trends AUTOZONE, INC.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 2 197,71 $
Average target price 2 310,45 $
Spread / Average Target 5,13%
EPS Revisions
Managers and Directors
William C. Rhodes Vice President—Finance & SVP-Finance
Jamere Jackson CFO, Executive VP-Finance & Store Development
Thomas B. Newbern EVP-International & Information Technology
Alex Oliphant Research Director
K. Michelle Borninkhof Chief Information Officer & Senior Vice President
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