Auto industry’s COVID-19 fears shifting from supply to demand [Business News Network (BNN) Energy & Resources (Canada)]
AutoZone, Inc. (AZO)
Last autozone, inc. earnings: 3/3 06:55 am
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Source: Business News Network
Auto industry’s COVID-19 fears shifting from supply to demand Automakers and suppliers across the globe have been scrambling to keep production going after the coronavirus shuttered parts plants across China. But now a bigger fear is emerging: Consumers may be in no mood to buy cars and trucks. With more than 100,000 cases worldwide and new ones cropping up daily in American cities, auto industry observers are paring back expectations for another year of near-17 million sales in the U.S. Last week researcher LMC Automotive cut its 2020 forecast by 300,000 to 16.5 million -- the fewest since 2014. Worldwide, they’ve subtracted 3.5 million units, more than half of which is attributed to China. “That was a first blush at things as we model what we’ve been seeing” in key global markets, said Jeff Schuster, senior vice president of forecasting at LMC. “It could clearly get much worse than that.” As the epidemic that emerged from China threatens to become a global pandemic that could wipe o
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- AutoZone, Inc. (NYSE: AZO) had its price target lowered by analysts at Evercore ISI from $3,400.00 to $3,346.00. They now have an "outperform" rating on the stock.MarketBeat
- AutoZone, Inc. (NYSE: AZO) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
AZO
Earnings
- 2/27/24 - Beat
AZO
Sec Filings
- 4/5/24 - Form 4
- 4/4/24 - Form 144
- 4/2/24 - Form 4
- AZO's page on the SEC website