AutoZone, Inc. $AZO Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp decreased its position in shares of AutoZone, Inc. (NYSE:AZO – Free Report) by 13.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,295 shares of the company’s stock after selling 371 shares during the period. Toth Financial Advisory Corp’s holdings in AutoZone were worth $6,222,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in AutoZone in the 2nd quarter valued at $3,938,566,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of AutoZone by 247,417.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 249,993 shares of the company’s stock worth $798,963,000 after purchasing an additional 249,892 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of AutoZone during the second quarter worth $572,885,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of AutoZone by 11,577.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 141,066 shares of the company’s stock valued at $450,838,000 after purchasing an additional 139,858 shares during the period. Finally, Corient Private Wealth LP purchased a new stake in shares of AutoZone in the second quarter valued at $38,604,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Transactions at AutoZone

In related news, VP Dennis LeRiche sold 1,455 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $3,100.00, for a total transaction of $4,510,500.00. Following the completion of the sale, the vice president owned 441 shares of the company’s stock, valued at approximately $1,367,100. This represents a 76.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.60% of the company’s stock.

AutoZone News Summary

Here are the key news stories impacting AutoZone this week:

  • Positive Sentiment: Bernstein upgraded AutoZone to “Strong Buy,” signaling increased confidence in the company’s long-term earnings outlook and potentially providing support for the shares. Bernstein upgrades AutoZone stock to Strong Buy
  • Positive Sentiment: Zacks initiated a FY2029 EPS forecast of $220.60 and projects FY2028 EPS of $190.08, indicating expected earnings growth over the longer term despite near-term estimate reductions.
  • Positive Sentiment: A reported average analyst price target of approximately $3,669 remains well above the recent trading level, suggesting substantial potential upside if the company meets longer-term expectations. AutoZone Stock Has Average Price Target of $3,669.12
  • Neutral Sentiment: The analyst outlook is divided: Bernstein’s bullish rating contrasts with Zacks’ lower quarterly and annual forecasts, leaving the immediate earnings outlook uncertain.
  • Negative Sentiment: Zacks cut EPS estimates across FY2027 and FY2028 to $166.16 and $190.08, respectively, from $174.73 and $197.32. Estimates were also reduced for Q1 2027, Q4 2027, Q1 2028, Q2 2028, and Q4 2028, pointing to weaker expected near-term profitability.
  • Negative Sentiment: The revisions may raise concerns about demand, costs, or margin pressure. AutoZone’s shares also remain below their 50-day and 200-day moving averages and well below the 52-week high, indicating that the broader technical trend remains cautious.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AZO. Citigroup dropped their target price on AutoZone from $3,700.00 to $3,450.00 and set a “buy” rating for the company in a research note on Monday, September 14th. Guggenheim lowered their price target on AutoZone from $4,000.00 to $3,750.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. Barclays dropped their price objective on shares of AutoZone from $3,637.00 to $3,400.00 and set an “overweight” rating for the company in a research note on Wednesday, September 23rd. Wells Fargo & Company cut their price objective on shares of AutoZone from $4,150.00 to $3,500.00 and set an “overweight” rating on the stock in a report on Thursday, September 10th. Finally, DA Davidson decreased their target price on shares of AutoZone from $3,750.00 to $3,500.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3,669.12.

View Our Latest Stock Report on AutoZone

AutoZone Price Performance

AZO stock traded up $64.10 during trading on Thursday, reaching $2,910.37. 45,297 shares of the stock traded hands, compared to its average volume of 264,104. The firm has a market capitalization of $47.53 billion, a PE ratio of 19.01, a P/E/G ratio of 1.34 and a beta of 0.40. The business’s 50 day moving average price is $2,949.26 and its 200-day moving average price is $3,149.16. AutoZone, Inc. has a 52-week low of $2,730.65 and a 52-week high of $4,146.42.

AutoZone (NYSE:AZO – Get Free Report) last released its quarterly earnings data on Tuesday, September 22nd. The company reported $56.05 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $55.51. The company had revenue of $6.59 billion for the quarter, compared to the consensus estimate of $6.70 billion. AutoZone had a negative return on equity of 90.08% and a net margin of 12.65%.The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $48.71 EPS. On average, equities research analysts predict that AutoZone, Inc. will post 172.12 earnings per share for the current year.

AutoZone announced that its board has initiated a stock repurchase program on Tuesday, June 16th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to purchase up to 3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

AutoZone Company Profile

(Free Report)

AutoZone, Inc is a specialty retailer of automotive replacement parts, accessories and maintenance products. The company serves do-it-yourself customers as well as professional automotive repair shops, offering products such as batteries, brakes, filters, engine components, tools, fluids and other vehicle parts.

In addition to its retail stores, AutoZone provides commercial sales and delivery services for professional repair businesses. The company also operates ALLDATA, which offers automotive diagnostic, repair and shop-management software and information services to repair professionals.

Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone operates primarily in the United States, with additional stores and operations in Mexico and Brazil.

Recommended Stories

Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc. (NYSE:AZO – Free Report).

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.