AutoZone, Inc. (NYSE:AZO – Free Report) – Investment analysts at Zacks Research decreased their Q2 2027 earnings per share estimates for shares of AutoZone in a research note issued to investors on Tuesday, October 6th. Zacks Research analyst Team now expects that the company will earn $31.45 per share for the quarter, down from their prior estimate of $32.61. The consensus estimate for AutoZone’s current full-year earnings is $172.12 per share. Zacks Research also issued estimates for AutoZone’s Q3 2027 earnings at $41.91 EPS, Q2 2028 earnings at $39.11 EPS, Q3 2028 earnings at $46.56 EPS, FY2028 earnings at $190.08 EPS and FY2029 earnings at $220.60 EPS.
AutoZone (NYSE:AZO – Get Free Report) last issued its quarterly earnings data on Tuesday, September 22nd. The company reported $56.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $55.51. AutoZone had a negative return on equity of 90.08% and a net margin of 12.65%.The business had revenue of $6.59 billion for the quarter, compared to analyst estimates of $6.70 billion. During the same quarter in the previous year, the company posted $48.71 EPS. AutoZone’s quarterly revenue was up 5.6% compared to the same quarter last year.
View Our Latest Stock Report on AZO
AutoZone Trading Down 1.6%
AutoZone stock opened at $2,851.56 on Wednesday. The stock has a 50-day moving average price of $2,949.26 and a two-hundred day moving average price of $3,149.16. AutoZone has a 12 month low of $2,730.65 and a 12 month high of $4,146.42. The company has a market capitalization of $46.57 billion, a PE ratio of 18.66, a P/E/G ratio of 1.34 and a beta of 0.40.
AutoZone declared that its Board of Directors has authorized a share repurchase program on Tuesday, June 16th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to buy up to 3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Insider Buying and Selling at AutoZone
In other news, VP Dennis LeRiche sold 1,455 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $3,100.00, for a total transaction of $4,510,500.00. Following the completion of the transaction, the vice president directly owned 441 shares in the company, valued at $1,367,100. This trade represents a 76.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.60% of the company’s stock.
Hedge Funds Weigh In On AutoZone
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MCF Advisors LLC raised its holdings in AutoZone by 50.0% during the 4th quarter. MCF Advisors LLC now owns 9 shares of the company’s stock worth $31,000 after purchasing an additional 3 shares during the last quarter. Bard Associates Inc. bought a new stake in shares of AutoZone in the 4th quarter valued at $31,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of AutoZone in the 2nd quarter valued at $29,000. Asset Dedication LLC increased its position in shares of AutoZone by 150.0% during the first quarter. Asset Dedication LLC now owns 10 shares of the company’s stock worth $34,000 after buying an additional 6 shares during the period. Finally, Tacita Capital Inc acquired a new stake in shares of AutoZone during the second quarter worth $32,000. 92.74% of the stock is owned by institutional investors and hedge funds.
More AutoZone News
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 growth prospects. Bernstein upgrades AutoZone stock to Strong Buy
- Positive Sentiment: The average analyst price target was reported at $3,669.12, implying substantial potential upside from AutoZone’s recent trading level. AutoZone Stock Has Average Price Target of $3,669.12
- Positive Sentiment: Zacks Research raised its Q3 2028 EPS estimate to $46.56 from $45.66 and projects FY2029 EPS of $220.60, indicating expected long-term earnings growth. Zacks Research Comments on AutoZone’s Q2 Earnings
- Neutral Sentiment: Zacks maintained a current full-year earnings consensus reference of $172.12 per share; however, the supplied reports did not identify a change to that consensus figure. Zacks Research Comments on AutoZone’s Q2 Earnings
- Negative Sentiment: Zacks cut EPS estimates for Q2 2027 to $31.45, Q3 2027 to $41.91, Q2 2028 to $39.11, and FY2028 to $190.08 from $197.32. These reductions suggest softer expectations for earnings momentum over the next several reporting periods. Zacks Research Comments on AutoZone’s Q2 Earnings
AutoZone Company Profile
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.
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