AutoZone (NYSE:AZO) Stock

AUTOZONE INC

AutoZone

AutoZone operates as a leading retailer of aftermarket automotive parts in the United States. The firm operates more than 6,500 stores domestically, serving the do-it-yourself and commercial (do-it-for-me) end markets. Through its vast store footprint and distribution network, AutoZone manages a wide array of stock-keeping units applicable to numerous vehicle makes and models, providing its consumers with ample product availability. The firm drives traffic by providing superior and convenient customer service as AutoZone's team of knowledgeable staff assists consumers with diagnosing a vehicle's problem, selecting the necessary part for replacement, and occasionally, installation. The company also operates internationally, with more than 800 stores in Mexico and over 100 in Brazil.

AutoZone Inc

AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) has outperformed the market over the past 5 years by 12.36% on an annualized basis producing an average annual return of 26.14%. Currently, AutoZone has a market capitalization of $60.64 billion. 
Buying $1000 In AZO: If an investor had bought $1000 of AZO stock 5 years ago, it would be worth $3,180.82 today based on a price of $3625.11 for AZO at the time of writing.
<h3>AutoZone's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750431625_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Trading Ideas

Here's How Much You Would Have Made Owning AutoZone Stock In The Last 5 Years

AutoZone's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) short percent of float has fallen 6.33% since its last report. The company recently reported that it has 220 thousand shares sold short, which is 1.48% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.35 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>AutoZone Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749661221_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AutoZone has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing AutoZone's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, AutoZone's peer group average for short interest as a percentage of float is 10.32%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Is the Market Bullish or Bearish on AutoZone?

AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) has outperformed the market over the past 20 years by 11.99% on an annualized basis producing an average annual return of 20.26%. Currently, AutoZone has a market capitalization of $61.69 billion. 
Buying $1000 In AZO: If an investor had bought $1000 of AZO stock 20 years ago, it would be worth $40,263.89 today based on a price of $3688.57 for AZO at the time of writing.
<h3>AutoZone's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1748536251_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have This Much Today

AutoZone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) shares rallied in early trading on Wednesday, after the company on Tuesday reported <a href="https://www.benzinga.com/news/earnings/25/05/45631709/semtech-stock-slides-on-q1-earnings-key-details-from-the-quarter">its fiscal third-quarter results</a>.
The announcement came amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<h1 class="wp-block-heading">Raymond James On AutoZone</h1>
<a href="https://www.benzinga.com/sec/insider-trades/0001183545/bobby-j-griffin">Analyst </a><a href="https://www.benzinga.com/sec/insider-trades/0001183545/bobby-j-griffin">Bobby Griffin</a> reiterated a Strong Buy rating, while raising the price target from $4,000 to $4,200.
AutoZone reported its fiscal third-quarter earnings short of consensus, Griffin said in a note. He added, however, that the company's "sales momentum is accelerating and strategic investments are beginning to inflect."
Management guided to a cautious margin outlook for the fiscal fourth quarter, the analyst stated. "Commercial (DIFM) continues to accelerate via share gains, DIY is showing early signs of recovery, and the mega hub expansion remains on track to drive broader network productivity," he further wrote.
<h1 class="wp-block-heading">Truist Securities On AutoZone</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59493ca670ed7a0001097213/scot-ciccarelli">Analyst Scot Ciccarelli</a> maintained a Buy rating, while raising the price target from $3,995 to $4,038.
AutoZone posted strong results for the quarter, with the best comp and Commercial sales growth in around two years, Ciccarelli said. The company's Domestic comp of 5.0% surpassed the consensus of 2.6%, he added.
The Commercial segment's sales returned to double-digit growth, while total sales came in at $4.46 billion, beating Truist Securities&#8217; estimates of $4.42 billion, the analyst stated. AutoZone gross margins contracted by 87 basis points (bps) year-on-year to 52.7%, impacted by "higher shrink (not expected to continue in the fourth quarter), the ramping of new DCs and stores (drag on the margin), FX pressures ($27mm EBIT impact), and faster (lower margin) Commercial growth," he further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
<h1 class="wp-block-heading">Guggenheim Securities On AutoZone</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586e48c6351b9b00018beef0/steven-forbes">Analyst Steven Forbes</a> reaffirmed a Buy rating, while lifting the price target from $3,850 to $4,100.
AutoZone reported mixed operating results for the fiscal third quarter, Forbes said. While net sales grew by 5.4%, adjusted gross margin contracted by 55 bps year-over-year, he added.
"Although certain margin headwinds resulted in a modest EBIT(DA) shortfall relative to our expectations, we expect many of these pressures to cycle out as early as 4Q 2025 — providing improved visibility behind the path back to mid-single digit EBIT growth," the analyst further wrote.
<h1 class="wp-block-heading">DA Davidson On AutoZone</h1>
<a href="https://drupal-cloudfront.benzinga.com/topic/michael-baker">Analyst </a><a href="https://drupal-cloudfront.benzinga.com/topic/michael-baker">Michael Baker</a> reiterated a Buy rating and price target of $4,192.
AutoZone's Domestic comps of 5% came in well above the consensus of 2.4% and represented a meaningful acceleration from the previous quarter's +1.9%, Baker said. Total comps also improved to 3.2%, coming in at 5.4% in constant currencies, better than in the last quarter, he added.
While the company's International comps, up 8.1% in constant currencies, represent a deceleration, they remain strong, the analysts stated. "While overall results were mixed, with much better sales offset by margin weakness, we think the share gains and benefits of long-term investments, while temporarily hurting profits, should win the day for the stock," he further wrote.
AZO Price Action: Shares of AutoZone had risen by 2.71% to $3,786.17 at the time of publication on Wednesday.
Read More: • <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/05/45550680/autozone-set-to-gain-as-tariffs-push-car-owners-to-repair-over-new-purchases-analyst">AutoZone Set To Gain As Tariffs Push Car Owners To Repair Over New Purchases: Analyst</a>

Photo: Shutterstock

Analyst Color

Earnings Misses

Price Target

Reiteration

Analyst Ratings

Movers

AutoZone Posts Best Comp Sales In 2 Years, Margin Pressures Unlikely To Continue: Analysts Raise Price Target

BMO Capital analyst Tristan Thomas-Martin maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Outperform and raises the price target from $3850 to $4100.

BMO Capital Maintains Outperform on AutoZone, Raises Price Target to $4100

Raymond James analyst Bobby Griffin maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Strong Buy and raises the price target from $4000 to $4200.

Raymond James Maintains Strong Buy on AutoZone, Raises Price Target to $4200

Morgan Stanley analyst Simeon Gutman maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Overweight and raises the price target from $3750 to $4000.

Morgan Stanley Maintains Overweight on AutoZone, Raises Price Target to $4000

DA Davidson analyst Michael Baker maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Buy and raises the price target from $4192 to $4850.

DA Davidson Maintains Buy on AutoZone, Raises Price Target to $4850

AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) reported weaker-than-expected third-quarter e<a href="https://www.benzinga.com/quote/azo/earnings">arnings on Tuesday</a>.
The company reported earnings per share of $35.36, missing the analyst consensus estimate of $37.17. Quarterly sales of $4.46 billion (+5.4% year over year) outpaced the street view of $4.35 billion. The company reported a 3.2% growth in same-store sales on strength in the domestic segment.
"Our international business also continued to deliver strong results, as same-store sales grew 8.1% on a constant currency basis," said President and Chief Executive Officer Phil Daniele. "While currency rate moves continued to pressure reported sales and earnings, we believe our international operations are positioned well as we continue to focus on opening more stores in these markets."
AutoZone shares gained 2.5% to trade at $3,789.42 on Wednesday.
These analysts made changes to their price targets on AutoZone following earnings announcement.
<ul class="wp-block-list">
<li>UBS analyst Michael Lasser maintained AutoZone with a Buy and raised the price target from $4,025 to $4,260.</li>
<li>Guggenheim analyst Steven Forbes maintained the stock with a Buy and raised the price target from $3,850 to $4,100.</li>
<li>JP Morgan analyst Christopher Horvers maintained AutoZone with an Overweight rating and lowered the price target from $4,350 to $4,200.</li>
</ul>
Considering buying AZO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="554" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28105100/image-368-1024x554.png" alt="" class="wp-image-930116" style="width:617px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28105100/image-368-1024x554.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28105100/image-368-300x162.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28105100/image-368-768x416.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28105100/image-368.png 1118w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li> <a href="https://www.benzinga.com/news/earnings/25/05/45641814/how-to-earn-500-a-month-from-hp-stock-ahead-of-q2-earnings">How To Earn $500 A Month From HP Stock Ahead Of Q2 Earnings</a> </li>
</ul>
Photo via Shutterstock

Earnings

Markets

These Analysts Revise Their Forecasts On AutoZone After Q3 Results

JP Morgan analyst Christopher Horvers maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Overweight and lowers the price target from $4350 to $4200.

JP Morgan Maintains Overweight on AutoZone, Lowers Price Target to $4200

Guggenheim analyst Steven Forbes maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Buy and raises the price target from $3850 to $4100.

Guggenheim Maintains Buy on AutoZone, Raises Price Target to $4100

UBS analyst Michael Lasser maintains AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) with a Buy and raises the price target from $4025 to $4260.

UBS Maintains Buy on AutoZone, Raises Price Target to $4260

U.S. stock futures were trading below the flatline on Wednesday after rallying on Tuesday. Futures of major benchmark indices declined in premarket.
Investors will eye the technology bellwether Nvidia Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) first-quarter earnings, which will be announced after the market closes.
The S&amp;P 500 broke a four-day losing streak on Tuesday as the markets opened after a long weekend following Memorial Day. The stocks got a boost from President Donald Trump&#8216;s <a href="https://www.benzinga.com/25/05/45603240/trump-agrees-to-extend-50-tariffs-on-europe-until-july-9-it-was-my-privilege-to-do-so">extension of the 50% tariffs</a> on Sunday till July 9th, which he had initially announced on Friday.
Meanwhile, the 10-year Treasury bond yielded 4.47% and the two-year bond was at 3.96%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 97.9% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.25%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.22%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.20%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.39%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Wednesday. The SPY was down 0.25% to $589.65, while the QQQ declined 0.22% to $520.09, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
U.S. stocks settled higher Tuesday, with information technology, consumer discretionary, and communication services leading gains across all S&amp;P 500 sectors.
In corporate news, AutoZone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) reported weaker third-quarter earnings, while E2open Parent Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) surged 25% on news of a $2.1 billion acquisition by WiseTech Global.
On the economic front, March&#8217;s S&amp;P CoreLogic Case-Shiller Home Price Index rose 4.1% year-over-year, and new manufactured goods orders dipped 6.3% in April.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>2.47%</td>
<td>19,199.16</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>2.50%</td>
<td>5,921.54</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>1.78%</td>
<td>42,343.65</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2.48%</td>
<td>2,090.40</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Jurrien Timmer, the director of global macro at Fidelity Investments, explained in his note that the <a href="https://www.benzinga.com/25/05/45637914/jurrien-timmer-says-cyclical-bull-market-likely-over-in-feb-2025-expects-rangebound-scenario-modest-bear-market-is-now-underway">market was rangebound</a> and lower and upper boundaries for the market have been set. 
He highlighted that stocks were down 20% and they have recovered since, "That suggests that while the lower boundary for this market correction may have been established, so has the upper boundary."
"All this puts me firmly in the trading range camp in terms of what the next 6-12 months will bring. I suspect that this range might be defined by the April low of 4835 as the lower boundary, and the recent highs of 6000 as the upper boundary," he explained.
If Timmer&#8217;s range-bound market forecast holds, the cyclical bull market that began in October 2022 likely concluded in February 2025, after 30 months.
He added that "a new modest bear market is now underway," saying, "Bear markets consist of both a price and time element, and if this one lasts 6-12 months it would meet both conditions."
Meanwhile, Fabio Bassi, JPMorgan&#8217;s head of cross-asset strategy, also told CNBC that the S&amp;P 500 could &#8220;remain rangebound, with limited short-term upside.&#8221; &#8212; <a href="https://www.cnbc.com/2025/05/27/dont-expect-the-market-to-go-anywhere-this-summer-says-jpmorgan.html" title="https://www.cnbc.com/2025/05/27/dont-expect-the-market-to-go-anywhere-this-summer-says-jpmorgan.html">https://www.cnbc.com/2025/05/27/dont-expect-the-market-to-go-anywhere-this-summer-says-jpmorgan.html</a>
&#8220;The rally to our bull case scenario of 5,800 for S&amp;P 500 has played out, but from here we expect a consolidation and range-bound dynamic," Bassi explained.
Meanwhile, Ed Yardeni said in his note that &#8220;The widely feared global sovereign debt crisis has been postponed for another day.&#8221;
The yields on super-long Japanese government bonds (JGBs) fell sharply on Tuesday after Reuters reported that the country&#8217;s finance ministry might issue fewer of these bonds.
He explained that this &#8220;helped to bring down the US 10-year Treasury yield from 4.51% on Friday to 4.46% (On Tuesday).&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Wednesday:
<ul class="wp-block-list">
<li>Minneapolis Fed President Neel Kashkari will speak in Tokyo again at 4:00 a.m., and minutes of the Fed&#8217;s May FOMC meeting will be out by 2:00 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>DICK&#8217;S Sporting Goods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) fell 0.63% in premarket on Wednesday as analysts expect it to report quarterly earnings of $4.34 per share on revenue of $3.59 billion, before the opening bell.</li>
<li>Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) was up 0.51% ahead of its earnings, which are supposed to be released before the opening bell. Analysts expect earnings of $1.40 per share on revenue of $1.08 billion.</li>
<li>NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) was 0.044% above the flatline as analysts expect it to report quarterly earnings of 88 cents per share on revenue of $43.54 billion, after the closing bell.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) advanced 0.39% ahead of its earnings, which are supposed to be released after the closing bell. Analysts expect earnings of 80 cents per share on revenue of $13.15 billion.</li>
<li>Box Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) surged 11.48% after posting better-than-expected first-quarter results and raised its FY2026 guidance after Tuesday's closing bell.</li>
<li>Macy&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) was 1.08% higher as analysts expect it to report quarterly earnings of 15 cents per share on revenue of $4.43 billion, before the opening bell.</li>
<li>Travelers Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) was 0.14% lower after it signed a definitive agreement to sell the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Definity Financial Corporation.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.77% to hover around $61.36 per barrel.
Gold Spot US Dollar rose 0.67% to hover around $3,322.61 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.01% at the 99.5330 level.
Asian markets closed lower on Wednesday except South Korea's Kospi index. China&#8217;s CSI 300, India's S&amp;P BSE Sensex, Japan's Nikkei 225, Australia's ASX 200, and Hong Kong's Hang Seng indices fell. European markets were also lower in early trade.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/05/45635906/sp-500s-expensive-valuation-combined-with-all-time-high-household-holdings-a-look-at-where-us-stock-market-stands">S&amp;P 500&#8217;s Expensive Valuation Combined With All-Time High Household Holdings: A Look At Where US Stock Market Stands </a></li>
</ul>
Photo courtesy: godongphoto / Shutterstock.com

Equities

Market Summary

Futures

Economics

Pre-Market Outlook

ETWO

NVDA

US Stocks Likely To Open Lower Ahead Of Nvidia's Q1 Earnings: 'A New Modest Bear Market Is Now Underway,' Says Expert

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the Dow Jones jumping more than 700 points during the session to snap a four-day losing streak amid renewed optimism surrounding trade talks between the U.S. and the European Union. President Donald Trump announced the extension of the 50% tariffs on Sunday till July 9, which he had initially announced on Friday.
AutoZone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) reported weaker-than-expected third-quarter earnings. Shares of E2open Parent Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) jumped around 25% after the company announced WiseTech Global will acquire them for $2.1 billion in an all-cash deal.
On the economic data front, the S&amp;P CoreLogic Case-Shiller Home Price Index increased 4.1% year-over-year in March, following a 4.5% gain in February. New orders for manufactured goods dipped by 6.3% to $296.3 billion in April, recording the sharpest decline since January 2024.
All sectors on the S&amp;P 500 closed on a positive note, with information technology, consumer discretionary and communication services stocks recording the biggest gains on Tuesday.
The Dow Jones closed higher by around 741 points to 42,343.65 on Tuesday. The S&amp;P 500 jumped 2.05% to 5,921.54, while the Nasdaq Composite gained 2.47% to 19,199.16 during Tuesday's session.
Investors are awaiting earnings results from DICK&#8217;S Sporting Goods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>), HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 65, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 63.9.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45616471/jim-cramer-says-rocket-is-a-very-fine-company-recommends-buying-this-health-care-stock">Jim Cramer Says Rocket Is A &#8216;Very Fine&#8217; Company, Recommends Buying This Health Care Stock</a> </li>
</ul>
Photo courtesy: Shutterstock

Dow Surges Over 700 Points Following EU Tariff Delay: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

Wall Street charged higher Tuesday, with U.S. equities posting broad-based gains by midday as investors embraced a risk-on mood, spurred by easing Treasury yields and renewed optimism surrounding trade talks between the U.S. and the European Union.
The bond market drove a major sentiment shift. U.S. 30-year Treasury yields sank 10 basis points to 4.93%, falling below the psychologically key 5% threshold for the first time in days. 
The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rallied 1.5%, eyeing the strongest daily gain since late February 2025. 
This move follows a surprise development in Japan, where the Ministry of Finance announced a reduction in the issuance of longer-dated government bonds. That decision triggered an 18-basis-point drop in Japan's 30-year yield, creating a ripple effect that eased pressure across global fixed-income markets.
The sharp decline in yields helped equities rally across the board. The S&amp;P 500 rose 1.9%, extending May&#8217;s gains to more than 6%. The benchmark is now tracking its strongest monthly performance since November 2023.
Technology and small-cap stocks outpaced broader benchmarks, adding momentum to the rally. Every sector in the S&amp;P 500 traded higher on the day. 
Among the mega-caps, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stood out with a 6.4% gain, reclaiming price levels last seen in mid-February. 
As equity and bond sentiment improved, traditional safe-haven assets lost appeal. Gold prices fell 1%, slipping below $3,300 per ounce. The move reflects investors rotating out of defensive plays amid increasing appetite for risk.
In energy markets, crude oil dropped 1.5% to $60.50 a barrel, while copper prices slid 2.1%, signaling some caution in industrial demand despite the bullish tone in equities.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded near $110,000, remaining close to its all-time highs. 
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S/ Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day chg. %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,406.38</td>
<td>2.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,085.63</td>
<td>2.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,913.36</td>
<td>1.9%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,271.70</td>
<td>1.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 1:15 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rallied 1.9% to $590.07.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 1.6% to $422.83.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;soared 2.3% to $520.83.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 2.3% to $207.26.</li>
<li>The&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up 2.8%; the&nbsp;Consumer&nbsp;Staples Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) lagged, up 0.5%. </li>
</ul>
<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
<ul class="wp-block-list">
<li>Hologic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLX#NASDAQ">HOLX</a>) jumped 12.7%, paring earlier bigger gains, after the company rejected a non-binding takeover bid worth up to $16.7 billion from private equity firms TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>) and Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>).</li>
<li>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) tumbled 15% after reporting weaker-than-expected quarterly earnings. </li>
<li>The S&amp;P 500&#8216;s top performers during Tuesday&#8217;s New York session included Hologic Inc., up 14.93%; Tesla Inc., which gained 6.87%; Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), rising 6.82%; Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), up 6.66% and Warner Bros. Discovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>), climbing 6.61%.</li>
<li>The biggest laggards included Fair Isaac Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>), which sank 9.63%; AutoZone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) down 4.55%; VeriSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSN#NASDAQ">VRSN</a>) losing 4.28%; Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) slipping 1.70% and Copart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) falling 1.68%.</li>
<li>
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<div aria-hidden="true" data-edge="true" class="pointer-events-none h-px w-px"></div>
Stocks slated to report earnings after the close include OKTA Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) and Heico Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>). Read Now: • <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45616116/trumps-tariffs-may-trigger-an-inflation-shock-but-not-a-lasting-one-goldman-sachs-says">Trump&#8217;s Tariffs May Trigger An Inflation Shock &#8211; But Not A Lasting One, Goldman Sachs Says</a> Photo: Shutterstock</li>
</ul>

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Wall Street Rockets As Bond Yields Drop, Tesla Hits 3-Month Highs: What's Driving Markets Tuesday?

WIIM

AutoZone shares are trading lower following a Q3 earnings miss.

U.S. stocks traded higher this morning, with the Nasdaq Composite surging more than 300 points on Tuesday. President Donald Trump announced the extension of the 50% tariffs on Sunday till July 9, which he had initially announced on Friday.
Following the market opening Tuesday, the Dow traded up 0.95% to 41,997.56 while the NASDAQ surged 1.78% to 19,070.48. The S&amp;P 500 also rose, gaining, 1.33% to 5,879.93.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45616471/jim-cramer-says-rocket-is-a-very-fine-company-recommends-buying-this-health-care-stock">Jim Cramer Says Rocket Is A &#8216;Very Fine&#8217; Company, Recommends Buying This Health Care Stock</a>
Leading and Lagging Sectors Consumer discretionary shares jumped by 2% on Tuesday.
In trading on Tuesday, consumer staples stocks rose by just 0.3%.
Top Headline
AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) reported weaker-than-expected third-quarter earnings.
The company reported earnings per share of $35.36, missing the analyst consensus estimate of $37.17. Quarterly sales of $4.46 billion (+5.4% year over year) outpaced the street view of $4.35 billion. The company reported a 3.2% growth in same-store sales on strength in the domestic segment.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li>SharpLink Gaming, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) shares shot up 411% to $34.33 after the company announced a $425 million private placement, where it will use the proceeds to adopt an Ethereum treasury strategy.</li>
<li>Shares of E-Home Household Service Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) got a boost, surging 98% to $0.1995.</li>
<li>SCWorx Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WORX#NASDAQ">WORX</a>) shares were also up, gaining 63% to $0.6567.</li>
</ul>
Equities Trading DOWN
<ul class="wp-block-list">
<li>Rocket Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCKT#NASDAQ">RCKT</a>) shares dropped 57% to $2.67 after the company reported a patient death in its Phase 2 trial of RP-A501 and voluntarily paused further dosing.</li>
<li>Shares of NeuroPace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NPCE#NASDAQ">NPCE</a>) were down 36% to $11.25 after the company announced preliminary results from one-year data in NAUTILUS study.</li>
<li>Savara Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRA#NASDAQ">SVRA</a>) was down, falling 29% to $2.0099 after the company announced it received a refusal to file letter from the FDA for its biologics license application.</li>
</ul>
Commodities In commodity news, oil traded down 1% to $60.93 while gold traded down 2.3% at $3,287.30.
Silver traded down 1.5% to $33.12 on Tuesday, while copper fell 1.3% to $4.7720.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 rose 0.3%, while Spain's IBEX 35 Index fell 0.1%. London's FTSE 100 gained 0.7%, Germany's DAX 40 rose 0.7% and France's CAC 40 fell 0.1% during the session.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei gaining 0.51%, Hong Kong's Hang Seng Index rising 0.43%, China's Shanghai Composite Index falling 0.18% and India's BSE Sensex falling 0.76%.
Economics
<ul class="wp-block-list">
<li>The S&amp;P CoreLogic Case-Shiller Home Price Index increased 4.1% year-over-year in March, following a 4.5% gain in February.</li>
<li>The FHFA house price index declined by 0.1% in March versus market estimates of a 0.1% increase.</li>
<li>New orders for manufactured goods dipped by 6.3% to $296.3 billion in April, recording the sharpest decline since Jan. 2024.</li>
</ul>
Now Read This: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45616818/top-3-industrial-stocks-you-may-want-to-dump-in-may">Top 3 Industrial Stocks You May Want To Dump In May</a> </li>
</ul>
Photo via Shutterstock

Eurozone

Commodities

Intraday Update

NPCE

RCKT

SBET

SVRA

WORX

Nasdaq Jumps Over 300 Points On EU Tariff Delay; AutoZone Posts Downbeat Earnings

AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) shares are trading slightly lower in the premarket session on Tuesday after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/g45613912/autozone-3rd-quarter-total-company-same-store-sales-increase-5-4-domestic-same-store-sales-increas" rel="noreferrer noopener">reported third-quarter results</a>.
The company reported earnings per share of $35.36, missing the analyst consensus estimate of $37.17. Quarterly sales of $4.46 billion (+5.4% year over year) outpaced the street view of $4.35 billion.
The company reported a 3.2% growth in same-store sales on strength in the domestic segment.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/45550680" rel="noreferrer noopener">AutoZone Set To Gain As Tariffs Push Car Owners To Repair Over New Purchases: Analyst</a>
For the quarter, gross profit was $2.35 billion, higher than $2.26 billion a year ago.&nbsp;
The gross margin in the quarter under review was 52.7%, a decrease of 77 basis points vs. the prior year.
The decrease in gross margin was negatively impacted by higher inventory shrink, higher commercial mix, new distribution center startup costs, and a 21-basis point ($8 million&nbsp;net) non-cash LIFO impact.
In the third quarter, operating expenses rose to 33.3% of sales, up from 32.2% last year. This increase, or deleverage, was mainly due to higher self-insurance costs. Additional spending to support growth initiatives also contributed to the rise.
Operating profit decreased 3.8% to&nbsp;$866.2 million.
&#8220;Our international business also continued to deliver strong results, as same-store sales grew 8.1% on a constant currency basis,&#8221; said&nbsp;President and Chief Executive Officer Phil Daniele.
&#8220;While currency rate moves continued to pressure reported sales and earnings, we believe our international operations are positioned well as we continue to focus on opening more stores in these markets,&#8221; Daniele added.&nbsp;
&#8220;We are excited about our momentum heading into the last quarter of the fiscal year, and we are well prepared for our summer selling season,&#8221; the CEO stated.
During the quarter ended May 10, AutoZone added 84 net new stores. This included 54 in the U.S., 25 in Mexico, and 5 in Brazil. The company now operates 7,516 stores across all three countries.
The company exited the quarter with cash and equivalent worth $268.625 million.
Price Action: AZO shares are trading lower by 1.06% to $3,785.80 premarket at last check Tuesday.
Check This Out:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/05/45617449/salesforce-strikes-8-billion-acquisition-to-boost-ai-and-data-cloud-power">Salesforce Strikes $8 Billion Acquisition To Boost AI And Data Cloud Power</a></li>
</ul>
Image by refrina via Shutterstock

General

AutoZone Q3: Margins Under Pressure, But CEO 'Excited About Momentum' Heading Into Summer

AutoZone Says It Had 6,537 Stores In The US, 838 In Mexico And 141 In Brazil For A Total Store Count Of 7,516 As Of May 10

AutoZone Reports Total Company Same Store Sales Increase Of 5.4% YoY

Press Releases

AutoZone to hold Stockholders' Meeting December 18, 2024

AutoZone 1st Quarter Total Company Same Store Sales Increase 1.8%; Domestic Same Store Sales Increase 0.3%; 1st Quarter EPS of $32.52

AutoZone Announces Organizational Changes

AutoZone to Release Second Quarter Fiscal 2025 Earnings March 4, 2025

AutoZone 2nd Quarter Total Company Same Store Sales Increase 2.9%; Domestic Same Store Sales Increase 1.9%; EPS of $28.29

Management

AutoZone Appoints New Board Member

AutoZone to Release Third Quarter Fiscal 2025 Earnings May 27, 2025

AutoZone 3rd Quarter Total Company Same Store Sales Increase 5.4%; Domestic Same Store Sales Increase 5.0%; EPS of $35.36

AutoZone Vendor Summit Recognizes Contributions of Top Suppliers

Advance Auto Parts

Asbury Automotive Group

AutoNation

ARKO

Autozi Internet Technology (Global) Ltd. - Class A Ordinary Shares

Autozi Internet Tech

Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares

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PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL