Sep. 16 at 12:54 AM
AutoZone shares could move 5.5% when the auto-parts retailer reports fiscal results on Sept. 22 before the market opens, according to options data compiled by Bloomberg. The stock has historically shown larger-than-implied moves in five of its last eight earnings announcements, suggesting options may be underestimating the potential volatility around the upcoming report.
On May 26, options implied a 4.7% move, but the stock fell 7.9%. On March 3, the implied move was 5.9% versus a 5.0% decline. On Dec. 9, options priced a 3.2% move while shares dropped 11.4%. On Sept. 23, 2025, the implied move was 3.8% compared with a 2.7% decline, while on May 27, 2025, a 3.7% implied move was followed by a 4.8% drop.
The pattern has also included upside surprises: shares rose 2.1% on March 4, 2025, versus a 3.7% implied move, and gained 5.3% on Dec. 10, 2024, against a 3.6% implied move.
$AZO