AutoZone reiterated as a Buy at Stifel Stifel reiterated its Buy rating on Autozone following management commentary at the 2014 Stifel Consumer Conference. The analyst said Autozone had stronger trends in the Northeast and Midwest last quarter due to cold weather and remains optimistic about a continuation in parts breakage with the hot weather. The firm said commercial programs are still ramping and for SG&A headwinds to fade this quarter. Shares remain Buy rated with a $570 price target.
AutoZone March volatility elevated into O4 and outlook AutoZone March call option implied volatility of 22, April is at 18, June is at 17; compared to its 26-week average of 19 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on March 3.