Newport Capital Group LLC Buys New Stake in AutoZone, Inc. $AZO

Posted by Brenda Bartman on May 29th, 2026

AutoZone logo Newport Capital Group LLC bought a new stake in AutoZone, Inc. (NYSE:AZO – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 10,176 shares of the company’s stock, valued at approximately $35,000. AutoZone comprises about 0.0% of Newport Capital Group LLC’s holdings, making the stock its 28th largest position.

Other hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. purchased a new position in shares of AutoZone in the 3rd quarter valued at $26,000. Turning Point Benefit Group Inc. purchased a new position in shares of AutoZone in the 3rd quarter valued at $25,000. Torren Management LLC acquired a new stake in AutoZone during the 4th quarter worth $27,000. Newbridge Financial Services Group Inc. acquired a new stake in AutoZone during the 3rd quarter worth $43,000. Finally, Elevated Capital Advisors LLC acquired a new stake in AutoZone during the 4th quarter worth $37,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AZO has been the subject of a number of recent research reports. UBS Group set a $4,800.00 price target on shares of AutoZone in a research note on Tuesday, March 3rd. BNP Paribas Exane decreased their price target on shares of AutoZone from $4,478.00 to $3,979.00 and set an “outperform” rating for the company in a research note on Wednesday. Morgan Stanley decreased their price target on shares of AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of AutoZone from $4,300.00 to $3,850.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Roth Mkm reduced their target price on shares of AutoZone from $4,526.00 to $4,023.00 and set a “buy” rating for the company in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and an average target price of $4,040.87.

View Our Latest Research Report on AZO

Insider Activity at AutoZone

In other news, Director Earl G. Graves, Jr. sold 50 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the transaction, the director directly owned 4,837 shares of the company’s stock, valued at approximately $16,826,568.64. The trade was a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.

More AutoZone News

Here are the key news stories impacting AutoZone this week:

Positive Sentiment: AutoZone said commercial sales and market share gains remain strong, and management is still targeting 355 to 365 new store openings this fiscal year, supporting the growth outlook. Article Title
Positive Sentiment: Several analysts, including Jefferies, BNP Paribas Exane, TD Cowen, JPMorgan, Citigroup, and others, kept bullish ratings such as buy, outperform, or overweight despite lowering targets, implying upside remains from current levels. Article Title
Neutral Sentiment: AutoZone beat EPS estimates and posted 8.4% revenue growth year over year, but revenue still came in slightly below consensus, creating a mixed reaction from investors. Article Title
Negative Sentiment: AutoZone shares are under pressure after a quarterly revenue miss and gross margin contraction, prompting multiple price-target cuts from Wall Street firms. Article Title
Negative Sentiment: Some commentary pointed to slower international growth and weaker late-quarter trends, reinforcing concerns that near-term momentum may be cooling after an otherwise solid quarter. Article Title

AutoZone Price Performance

Shares of NYSE AZO opened at $3,006.97 on Friday. The company has a market cap of $49.55 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 1.54 and a beta of 0.43. AutoZone, Inc. has a 12 month low of $2,945.00 and a 12 month high of $4,388.11. The company has a 50-day simple moving average of $3,430.33 and a 200-day simple moving average of $3,570.14.

AutoZone (NYSE:AZO – Get Free Report) last released its earnings results on Tuesday, May 26th. The company reported $38.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $36.22 by $1.85. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the firm earned $35.36 earnings per share. AutoZone’s revenue was up 8.4% compared to the same quarter last year. On average, analysts anticipate that AutoZone, Inc. will post 149.93 EPS for the current year.

AutoZone Profile

(Free Report)

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.