AutoZone receives positive ‘tactical trading call’ at Evercore
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AutoZone (NYSE:AZO) presents an interesting opportunity ahead of its late February earnings call, according to Evercore.

The tactical call anticipates a âclean beatâ on top and bottom lines for the fiscal second quarter report due on the 28th. Additionally, âongoing inflation comp tailwinds, pass through power, and cash flow generationâ are expected to be reflected in guidance.Â 

âWe believe [Advance Auto Parts] (AAP) is ceding market share, with AZO and [OâReilly Automotive] (ORLY) two competitors likely to benefit,â the note advised.
Read more on OâReillyâs recent results.