AutoZone (NYSE:AZO) Share Price Breaks Above 200-Day Moving Average – Should You Sell?

Posted by Francis Steltz on Nov 6th, 2026

AutoZone logo AutoZone, Inc. (NYSE:AZO – Get Free Report) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $3,257.98 and traded as high as $3,347.37. AutoZone shares last traded at $3,327.6390, with a volume of 183,471 shares.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Evercore reiterated an “outperform” rating on shares of AutoZone in a research report on Wednesday, September 23rd. JPMorgan Chase & Co. lowered their price objective on shares of AutoZone from $3,850.00 to $3,700.00 and set an “overweight” rating on the stock in a research report on Monday, September 28th. Truist Financial lowered their price target on AutoZone from $3,817.00 to $3,648.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. The Goldman Sachs Group dropped their price target on AutoZone from $4,096.00 to $3,917.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. Finally, UBS Group set a $3,850.00 price objective on shares of AutoZone in a report on Wednesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $3,674.36.

Check Out Our Latest Report on AZO

AutoZone Trading Down 2.8%

The business’s 50 day simple moving average is $2,992.64 and its 200 day simple moving average is $3,255.16. The firm has a market capitalization of $51.77 billion, a PE ratio of 21.29, a PEG ratio of 1.68 and a beta of 0.37.

AutoZone (NYSE:AZO – Get Free Report) last released its quarterly earnings results on Tuesday, September 22nd. The company reported $56.05 EPS for the quarter, topping the consensus estimate of $0.54 by $55.51. The company had revenue of $6.59 billion during the quarter, compared to analyst estimates of $6.70 billion. AutoZone had a negative return on equity of 90.08% and a net margin of 12.65%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $48.71 earnings per share. Analysts forecast that AutoZone, Inc. will post 170.30 earnings per share for the current year.

Insider Activity

In related news, CFO Jamere Jackson sold 6,900 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $3,319.71, for a total transaction of $22,905,999.00. Following the completion of the transaction, the chief financial officer owned 496 shares in the company, valued at $1,646,576.16. The trade was a 93.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On AutoZone

Institutional investors and hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in AutoZone by 42,984.5% during the third quarter. Assenagon Asset Management S.A. now owns 10,537,614 shares of the company’s stock valued at $29,821,658,000 after buying an additional 10,513,156 shares during the last quarter. BlackRock Inc. purchased a new position in shares of AutoZone during the 2nd quarter worth $3,938,566,000. Sound Income Strategies LLC grew its position in shares of AutoZone by 646,568.6% during the 3rd quarter. Sound Income Strategies LLC now owns 659,602 shares of the company’s stock valued at $1,866,687,000 after acquiring an additional 659,500 shares during the period. Howard Capital Management LLC grew its position in shares of AutoZone by 79,236.8% during the 3rd quarter. Howard Capital Management LLC now owns 385,577 shares of the company’s stock valued at $1,091,191,000 after acquiring an additional 385,091 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of AutoZone by 247,417.8% in the 2nd 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 in the last quarter. 92.74% of the stock is owned by institutional investors.

About AutoZone

(Get Free Report)

AutoZone is a retailer and distributor of automotive replacement parts and accessories, serving do-it-yourself customers as well as professional repair shops. Its products include new and remanufactured parts, maintenance supplies, and accessories for cars, sport utility vehicles, and light trucks. The company also offers services such as battery testing and tool-loan programs at many stores.

Founded in 1979 and headquartered in Memphis, Tennessee, the company operates stores in the United States, Mexico, and Brazil.