Novare Capital Management buys $6,050,964 stake in AutoZone (AZO)

AutoZone (AZO) : Novare Capital Management scooped up 129 additional shares in AutoZone during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 7,552 shares of AutoZone which is valued at $6,050,964.AutoZone makes up approximately 1.59% of Novare Capital Management’s portfolio.

Other Hedge Funds, Including , Icon Advisers Incco boosted its stake in AZO in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 1,800 shares of AutoZone which is valued at $1,442,232. AutoZone makes up approx 0.09% of Icon Advisers Incco’s portfolio.Norinchukin Bank The boosted its stake in AZO in the latest quarter, The investment management firm added 23 additional shares and now holds a total of 3,426 shares of AutoZone which is valued at $2,745,048. AutoZone makes up approx 0.06% of Norinchukin Bank The’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in AZO in the latest quarter, The investment management firm added 7,362 additional shares and now holds a total of 43,254 shares of AutoZone which is valued at $34,875,268. AutoZone makes up approx 0.11% of State Board Of Administration Of Florida Retirement System’s portfolio. Harel Insurance Investments Financial Services Ltd. added AZO to its portfolio by purchasing 74 company shares during the most recent quarter which is valued at $59,563. AutoZone makes up approx 0.01% of Harel Insurance Investments Financial Services Ltd.’s portfolio.

AutoZone closed down -3.28 points or -0.42% at $786.26 with 1,60,254 shares getting traded on Wednesday. Post opening the session at $787.57, the shares hit an intraday low of $782.13 and an intraday high of $789.44 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, AutoZone reported $10.77 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on May 24, 2016. Analyst had a consensus of $10.92. The company had revenue of $2593.70 million for the quarter, compared to analysts expectations of $2645.31 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.57 EPS.

AutoZone Inc. (AutoZone) is a retailer and a distributor of automotive replacement parts and accessories in the United States. The Company’s segments include Auto Parts Stores and Other. The Company’s Auto Parts Stores segment includes Domestic Auto Parts Mexico Brazil and Interamerican Motor Corporation (IMC). The Company’s Other segment includes business activities of ALLDATA E-commerce and AutoAnything. The ALLDATA produces sells and maintains diagnostic and repair information software used in the automotive repair industry. The e-commerce includes direct sales to customers through www.autozone.com. The AutoAnything includes direct sales to customers through www.autoanything.com. The Company operates approximately 5069 AutoZone stores in the United States including stores in Puerto Rico Mexico Brazil and IMC branches. IMC branches carry a line of original equipment import replacement parts.

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