Latest news with #MaxRakhlenko
Yahoo
29-05-2025
- Automotive
- Yahoo
TD Cowen Keeps Buy Rating on AutoZone (AZO), Sees Good Potential
On Wednesday, May 28, TD Cowen reaffirmed a 'Buy' rating on AutoZone, Inc. (NYSE:AZO) with a price target of $4,300. TD Cowen analyst, Max Rakhlenko, emphasized that the company is performing well despite some short-term challenges. The analyst discussed the company's domestic comparable sales, which grew by 5% in the most recent quarter, supported by growth in both the do-it-for-me (DIFM) and do-it-yourself (DIY) segments. A technician in a mechanic's uniform replacing an A/C compressor, signifying the company's automotive replacement parts business. AutoZone, Inc.'s (NYSE:AZO) recently reported Q3 results, which were mixed. While domestic sales growth was impressive, the company faced margin pressures caused by one-time factors and strategic long-term investments. According to Rakhlenko, these investments are expected to impact margins in the short term only and margins should return to normal in future quarters. The analyst also pointed out the potential for AutoZone, Inc. (NYSE:AZO) to benefit from these strategic initiatives as they mature. Additionally, Rakhlenko noted that the company is well-positioned to benefit from the likely inflation trends and the opportunities to grow its market share. The analyst believes that AutoZone, Inc. (NYSE:AZO) is making strategic decisions, which will be beneficial in the long run. AutoZone, Inc. (NYSE:AZO) is an American company that specializes in aftermarket automotive parts. It is the leading retailer and distributor of automotive replacement parts and accessories in the US. While we acknowledge the potential of AZO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AZO and that has a 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Automotive
- Yahoo
TD Cowen Keeps Buy Rating on AutoZone (AZO), Sees Good Potential
On Wednesday, May 28, TD Cowen reaffirmed a 'Buy' rating on AutoZone, Inc. (NYSE:AZO) with a price target of $4,300. TD Cowen analyst, Max Rakhlenko, emphasized that the company is performing well despite some short-term challenges. The analyst discussed the company's domestic comparable sales, which grew by 5% in the most recent quarter, supported by growth in both the do-it-for-me (DIFM) and do-it-yourself (DIY) segments. A technician in a mechanic's uniform replacing an A/C compressor, signifying the company's automotive replacement parts business. AutoZone, Inc.'s (NYSE:AZO) recently reported Q3 results, which were mixed. While domestic sales growth was impressive, the company faced margin pressures caused by one-time factors and strategic long-term investments. According to Rakhlenko, these investments are expected to impact margins in the short term only and margins should return to normal in future quarters. The analyst also pointed out the potential for AutoZone, Inc. (NYSE:AZO) to benefit from these strategic initiatives as they mature. Additionally, Rakhlenko noted that the company is well-positioned to benefit from the likely inflation trends and the opportunities to grow its market share. The analyst believes that AutoZone, Inc. (NYSE:AZO) is making strategic decisions, which will be beneficial in the long run. AutoZone, Inc. (NYSE:AZO) is an American company that specializes in aftermarket automotive parts. It is the leading retailer and distributor of automotive replacement parts and accessories in the US. While we acknowledge the potential of AZO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AZO and that has a 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Sign in to access your portfolio
Business Insider
23-05-2025
- Automotive
- Business Insider
TD Cowen Remains a Hold on Advance Auto Parts (AAP)
In a report released yesterday, Max Rakhlenko from TD Cowen maintained a Hold rating on Advance Auto Parts (AAP – Research Report). The company's shares closed yesterday at $49.17. Confident Investing Starts Here: Rakhlenko covers the Consumer Cyclical sector, focusing on stocks such as Lowe's, Home Depot, and O'Reilly Auto. According to TipRanks, Rakhlenko has an average return of 8.4% and a 60.00% success rate on recommended stocks. In addition to TD Cowen, Advance Auto Parts also received a Hold from William Blair's Phillip Blee in a report issued yesterday. However, on the same day, BMO Capital maintained a Buy rating on Advance Auto Parts (NYSE: AAP). AAP market cap is currently $2.04B and has a P/E ratio of -5.57. Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AAP in relation to earlier this year. Most recently, in March 2025, Ryan P Grimsland, the EVP & CFO of AAP bought 200.00 shares for a total of $8,140.00.
Yahoo
21-05-2025
- Business
- Yahoo
Lowe's stock rise as it reports better than expected earnings after Home Depot posted mixed quarter
Lowe's (LOW) delivered on subdued expectations after years of post-pandemic struggles. The home improvement chain reported earnings on Wednesday morning that matched estimates on revenue and beat on earnings. Revenue fell 2% year over year to $20.93 billion, while adjusted earnings per share dropped 4.6% to $2.92, compared to the $2.88 expected. Lowe's CEO Marvin Ellison said in the release the company overcame "near-term uncertainty and housing market headwinds" through "strategic investments in technology...[and] inviting store environments." Same-store sales fell 1.7%, better than the 2.04% decline expected. That's a reversal after same-store sales growth turned positive in Q4 for the first time in roughly two years. The company attributed the decline to "unfavorable weather earlier in the quarter" that was offset by "mid-single-digit Pro and online comparable sales growth." Lowe's stock is up nearly 3% in premarket trading. Prior to Wednesday's report, Lowe's stock was down around 6% year-to-date versus a 1% gain for the S&P 500 (^GSPC). Rival Home Depot's (HD) stock was down 3.1% year to date. It reported a mixed earnings report on Tuesday as it reiterated guidance and said it will not raise prices due to tariffs. Here's what Lowe's reported for its first quarter earnings compared to Wall Street consensus estimates, according to Bloomberg: Revenue: $20.93 billion versus $20.93 billion Adjusted earnings per share: $2.92 versus $2.88 Same-store sales growth: -1.7% versus -2.04% The company reiterated its guidance for 2025 fiscal year. Total sales are projected to be $83.5 billion to $84.5 billion, while same-store sales are expected to be flat to up 1% year over year. Tariff uncertainty remains a top concern. The US temporarily dropped tariffs on Chinese imports from 145% to 30%, while so-called reciprocal tariffs have been suspended for a 10% universal duty. However, rates are still much higher than they were historically, and the changing tariff environment has tanked consumer sentiment. Lowe's sources 20% of its sales from China and has a large DIY customer base, factors that will make it "more challenging to mitigate tariffs" compared to Home Depot, TD Cowen analyst Max Rakhlenko wrote in a note prior to earnings. He added that Home Depot is "better positioned to manage tariffs," partially due to its larger pro business. Another factor weighing on the retailer is the sluggish housing market. Homebuilder confidence continued to deteriorate in May. Expected sales in the next six months and traffic from prospective buyers also fell to an 18-month low. On Monday, the 10-year and 30-year Treasury yields (^TNX, ^TYX) rose after Moody's downgraded the US government's long-term credit rating from AAA to AA1. Higher Treasury yields will likely spell higher financing costs for home improvement projects and homebuying, creating another headwind for the sector. In the fourth quarter, Lowe's executives said they anticipate homeowners will renovate their homes rather than move due to stubbornly high mortgage rates. "At some point, customers are going to get normalized in this high mortgage rate environment and they're going to start to tap into that equity, making the decision that they're going to stay in their existing home but modernize," Lowe's CEO Marvin Ellison said on the fourth quarter earnings call. Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on X at @BrookeDiPalma or email her at bdipalma@ Click here for all of the latest retail stock news and events to better inform your investing strategy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Lowe's stock rise as it reports better than expected earnings after Home Depot posted mixed quarter
Lowe's (LOW) delivered on subdued expectations after years of post-pandemic struggles. The home improvement chain reported earnings on Wednesday morning that matched estimates on revenue and beat on earnings. Revenue fell 2% year over year to $20.93 billion, while adjusted earnings per share dropped 4.6% to $2.92, compared to the $2.88 expected. Lowe's CEO Marvin Ellison said in the release the company overcame "near-term uncertainty and housing market headwinds" through "strategic investments in technology...[and] inviting store environments." Same-store sales fell 1.7%, better than the 2.04% decline expected. That's a reversal after same-store sales growth turned positive in Q4 for the first time in roughly two years. The company attributed the decline to "unfavorable weather earlier in the quarter" that was offset by "mid-single-digit Pro and online comparable sales growth." Lowe's stock is up nearly 3% in premarket trading. Prior to Wednesday's report, Lowe's stock was down around 6% year-to-date versus a 1% gain for the S&P 500 (^GSPC). Rival Home Depot's (HD) stock was down 3.1% year to date. It reported a mixed earnings report on Tuesday as it reiterated guidance and said it will not raise prices due to tariffs. Here's what Lowe's reported for its first quarter earnings compared to Wall Street consensus estimates, according to Bloomberg: Revenue: $20.93 billion versus $20.93 billion Adjusted earnings per share: $2.92 versus $2.88 Same-store sales growth: -1.7% versus -2.04% The company reiterated its guidance for 2025 fiscal year. Total sales are projected to be $83.5 billion to $84.5 billion, while same-store sales are expected to be flat to up 1% year over year. Tariff uncertainty remains a top concern. The US temporarily dropped tariffs on Chinese imports from 145% to 30%, while so-called reciprocal tariffs have been suspended for a 10% universal duty. However, rates are still much higher than they were historically, and the changing tariff environment has tanked consumer sentiment. Lowe's sources 20% of its sales from China and has a large DIY customer base, factors that will make it "more challenging to mitigate tariffs" compared to Home Depot, TD Cowen analyst Max Rakhlenko wrote in a note prior to earnings. He added that Home Depot is "better positioned to manage tariffs," partially due to its larger pro business. Another factor weighing on the retailer is the sluggish housing market. Homebuilder confidence continued to deteriorate in May. Expected sales in the next six months and traffic from prospective buyers also fell to an 18-month low. On Monday, the 10-year and 30-year Treasury yields (^TNX, ^TYX) rose after Moody's downgraded the US government's long-term credit rating from AAA to AA1. Higher Treasury yields will likely spell higher financing costs for home improvement projects and homebuying, creating another headwind for the sector. In the fourth quarter, Lowe's executives said they anticipate homeowners will renovate their homes rather than move due to stubbornly high mortgage rates. "At some point, customers are going to get normalized in this high mortgage rate environment and they're going to start to tap into that equity, making the decision that they're going to stay in their existing home but modernize," Lowe's CEO Marvin Ellison said on the fourth quarter earnings call. Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on X at @BrookeDiPalma or email her at bdipalma@ Click here for all of the latest retail stock news and events to better inform your investing strategy
