U.S. Movers: AutoZone, Okta, Toro

Scott Peters
28 May, 2025
New York City

AutoZone Inc. traded flat at $3,695.66 after the retailer of aftermarket automotive parts reported higher revenue in the fiscal third quarter.

Net sales climbed 5.4% to $4.46 billion from $4.23 billion, net income dropped 6.6% to $608 million from $652 million, and diluted earnings per share fell 3.6% to $35.36 from $36.69 a year ago.

The company repurchased $250 million of its own stock during the quarter and opened 84 new stores, compared to 45 stores a year earlier.

AutoZone increased its inventory by 10.8% to $6.82 billion from $6.15 billion in the prior year and reduced its debt by 1.6%.

Okta Inc. plunged 12.8% to $109.39 despite the identity management company reporting higher revenue in the first quarter of 2025.

Revenue increased to $688 million from $617 million, net income swung a profit of $62 million from a loss of $40 million, and diluted earnings per share swung to a profit of 36 cents from a loss of 24 cents a year ago.

The company guided second-quarter revenue to be between $710 million and $712 million, compared to $556 million, and non-GAAP diluted earnings per share between 83 cents and 84 cents, compared to 31 cents a year earlier, respectively.

For the full year, Okta estimated revenue to be between $2.85 billion and $2.86 billion, compared to $2.26 billion, and non-GAAP diluted earnings per share between $3.23 and $3.28, compared to $2.81 a year ago, respectively.

Toro Corp. increased 2.7% to $75.88 after the provider of lawn maintenance equipment maker reported a slight decline in revenue in the first quarter.

Net sales edged down to $995 million from $1.00 billion, net income dropped to $52.8 million from $64.9 million, and diluted earnings per share fell to 52 cents from 62 cents a year ago.

The company guided full-year net sales growth to be in the range of breakeven to 1%, compared to $4.58 billion, and adjusted diluted earnings per share between $4.25 and $4.40, compared to $4.17 a year earlier, respectively.