AutoZone, Inc. $AZO Position Boosted by Atreides Management LP

Posted by Francis Steltz on Jun 18th, 2026

AutoZone logo Atreides Management LP lifted its stake in shares of AutoZone, Inc. (NYSE:AZO – Free Report) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,620 shares of the company’s stock after purchasing an additional 692 shares during the period. Atreides Management LP’s holdings in AutoZone were worth $39,409,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AZO. Brighton Jones LLC lifted its position in shares of AutoZone by 14.4% during the fourth quarter. Brighton Jones LLC now owns 111 shares of the company’s stock worth $356,000 after purchasing an additional 14 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of AutoZone during the second quarter worth about $356,000. Guggenheim Capital LLC raised its stake in AutoZone by 3.8% during the second quarter. Guggenheim Capital LLC now owns 248 shares of the company’s stock worth $921,000 after acquiring an additional 9 shares during the period. NewEdge Advisors LLC raised its stake in AutoZone by 8.9% during the second quarter. NewEdge Advisors LLC now owns 1,376 shares of the company’s stock worth $5,110,000 after acquiring an additional 112 shares during the period. Finally, Treasurer of the State of North Carolina raised its stake in AutoZone by 52.3% during the second quarter. Treasurer of the State of North Carolina now owns 11,763 shares of the company’s stock worth $43,667,000 after acquiring an additional 4,039 shares during the period. Institutional investors own 92.74% of the company’s stock.

Insider Activity at AutoZone

In other news, Director Brian Hannasch purchased 165 shares of the company’s stock in a transaction on Friday, May 29th. The shares were bought at an average price of $2,987.00 per share, for a total transaction of $492,855.00. Following the completion of the purchase, the director owned 1,219 shares of the company’s stock, valued at $3,641,153. This trade represents a 15.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Earl G. Graves, Jr. sold 50 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 4,837 shares in the company, valued at $16,826,568.64. The trade was a 1.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is currently owned by company insiders.

AutoZone Trading Down 2.2%

Shares of NYSE:AZO opened at $3,058.27 on Thursday. The firm’s 50 day moving average is $3,348.30 and its two-hundred day moving average is $3,493.73. AutoZone, Inc. has a 52 week low of $2,928.11 and a 52 week high of $4,388.11. The firm has a market capitalization of $49.94 billion, a P/E ratio of 21.03, a PEG ratio of 1.59 and a beta of 0.35.

AutoZone (NYSE:AZO – Get Free Report) last announced its quarterly earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, beating the consensus estimate of $36.22 by $1.85. AutoZone had a net margin of 12.40% and a negative return on equity of 80.35%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the business earned $35.36 earnings per share. AutoZone’s revenue was up 8.4% compared to the same quarter last year. Analysts predict that AutoZone, Inc. will post 150.45 EPS for the current year.

AutoZone declared that its board has approved a share buyback plan on Tuesday, June 16th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. Truist Financial set a $3,700.00 price objective on shares of AutoZone in a research note on Wednesday, May 27th. DA Davidson dropped their price objective on shares of AutoZone from $4,300.00 to $3,750.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. UBS Group set a $4,800.00 price objective on shares of AutoZone in a research note on Tuesday, March 3rd. Finally, BMO Capital Markets dropped their price objective on shares of AutoZone from $4,300.00 to $4,000.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $4,040.87.

View Our Latest Analysis on AZO

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.