CTC Alternative Strategies Ltd. Boosts Stock Position in AutoZone, Inc. $AZO

Posted by Stanley Muller on Aug 1st, 2026

AutoZone logo CTC Alternative Strategies Ltd. boosted its position in AutoZone, Inc. (NYSE:AZO – Free Report) by 229.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 257 shares of the company’s stock after purchasing an additional 179 shares during the quarter. AutoZone makes up approximately 2.0% of CTC Alternative Strategies Ltd.’s investment portfolio, making the stock its 13th largest holding. CTC Alternative Strategies Ltd.’s holdings in AutoZone were worth $868,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Jupiter Asset Management Ltd. acquired a new position in shares of AutoZone during the fourth quarter worth $1,808,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its holdings in shares of AutoZone by 15.2% during the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 14,224 shares of the company’s stock valued at $48,241,000 after purchasing an additional 1,882 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of AutoZone by 67.1% in the 4th quarter. CIBC Asset Management Inc now owns 3,941 shares of the company’s stock worth $13,366,000 after purchasing an additional 1,582 shares in the last quarter. Asset Advisors Investment Management LLC boosted its position in shares of AutoZone by 13.6% in the 4th quarter. Asset Advisors Investment Management LLC now owns 2,699 shares of the company’s stock worth $9,154,000 after purchasing an additional 323 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of AutoZone in the 4th quarter worth $939,205,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley reduced their target price on AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. DA Davidson lowered their price target on AutoZone from $4,300.00 to $3,750.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. BNP Paribas Exane dropped their price target on AutoZone from $4,478.00 to $3,979.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Roth Capital cut their price objective on shares of AutoZone from $4,526.00 to $4,023.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of AutoZone from $4,300.00 to $3,850.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and an average price target of $4,040.87.

Check Out Our Latest Stock Analysis on AZO

Insider Buying and Selling at AutoZone

In other news, Director Brian Hannasch acquired 165 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average cost of $2,987.00 per share, with a total value of $492,855.00. Following the completion of the acquisition, the director owned 1,219 shares of the company’s stock, valued at approximately $3,641,153. This trade represents a 15.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.

AutoZone Price Performance

NYSE AZO opened at $3,024.42 on Friday. The stock’s fifty day moving average price is $3,069.68 and its 200 day moving average price is $3,393.78. AutoZone, Inc. has a 1 year low of $2,902.20 and a 1 year high of $4,388.11. The company has a market cap of $49.39 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.53 and a beta of 0.33.

AutoZone (NYSE:AZO – Get Free Report) last issued its earnings results on Tuesday, May 26th. The company reported $38.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $36.22 by $1.85. AutoZone had a negative return on equity of 80.35% and a net margin of 12.40%.The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the business posted $35.36 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. Research analysts expect that AutoZone, Inc. will post 150.39 earnings per share for the current year.

AutoZone announced that its Board of Directors has approved a share buyback plan on Tuesday, June 16th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to buy up to 3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

AutoZone Company 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.