Price Over Earnings Overview: AutoZone
Portfolio Pulse from Benzinga Insights
AutoZone Inc. (NYSE:AZO) is trading at $3198.31, with a 0.51% increase in the current session. Over the past month, the stock rose by 5.07%, and by 32.35% over the past year. Its P/E ratio of 21.28 is higher than the Specialty Retail industry's average of 20.89, suggesting potential overvaluation or better performance expectations.
October 21, 2024 | 3:15 pm
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AutoZone's stock is trading at $3198.31, with a recent increase of 0.51%. Its P/E ratio of 21.28 is above the industry average, which may indicate overvaluation or expectations of better performance.
The article discusses AutoZone's current stock price and P/E ratio, comparing it to the industry average. The higher P/E ratio could suggest overvaluation or positive future performance expectations. However, the P/E ratio alone is not definitive, leading to a neutral short-term impact.
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