Saturna Capital Corp Has $138.82 Million Position in AutoZone, Inc. $AZO

Posted by Francis Steltz on Jun 11th, 2026

AutoZone logo Saturna Capital Corp cut its position in shares of AutoZone, Inc. (NYSE:AZO – Free Report) by 0.7% during the 4th quarter, Holdings Channel reports. The firm owned 40,931 shares of the company’s stock after selling 299 shares during the quarter. AutoZone comprises 1.8% of Saturna Capital Corp’s portfolio, making the stock its 16th biggest holding. Saturna Capital Corp’s holdings in AutoZone were worth $138,817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AZO. Brighton Jones LLC boosted its holdings in shares of AutoZone by 14.4% during the 4th quarter. Brighton Jones LLC now owns 111 shares of the company’s stock worth $356,000 after buying an additional 14 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of AutoZone in the 2nd quarter valued at approximately $356,000. Guggenheim Capital LLC raised its position in shares of AutoZone by 3.8% in the 2nd quarter. Guggenheim Capital LLC now owns 248 shares of the company’s stock valued at $921,000 after buying an additional 9 shares in the last quarter. NewEdge Advisors LLC increased its position in AutoZone by 8.9% during the 2nd quarter. NewEdge Advisors LLC now owns 1,376 shares of the company’s stock worth $5,110,000 after purchasing an additional 112 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in AutoZone by 52.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 11,763 shares of the company’s stock worth $43,667,000 after purchasing an additional 4,039 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Key Stories Impacting AutoZone

Here are the key news stories impacting AutoZone this week:

Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for AutoZone to $150.59 from $149.47, slightly above the consensus estimate of $150.18, suggesting the company may still meet or modestly beat current-year expectations.
Neutral Sentiment: AutoZone’s recent earnings surprise remains a focal point for investors, with commentary suggesting the company outperformed expectations this quarter, helping support the longer-term bull case. What’s Behind AutoZone’s Earnings Surprise This Quarter?
Negative Sentiment: Zacks Research trimmed multiple future EPS forecasts for AutoZone, including Q2 2027, Q3 2027, Q4 2027, Q1 2028, Q2 2028, Q3 2028, FY2027, and FY2028. That pattern suggests analysts see some moderation in earnings momentum over the medium term.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AZO. JPMorgan Chase & Co. decreased their price target on shares of AutoZone from $4,300.00 to $3,850.00 and set an “overweight” rating for the company in a research report on Wednesday, May 27th. Roth Mkm cut their target price on shares of AutoZone from $4,526.00 to $4,023.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Weiss Ratings raised shares of AutoZone from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Oppenheimer reiterated an “outperform” rating and issued a $4,300.00 target price (up from $4,150.00) on shares of AutoZone in a report on Tuesday, March 10th. Finally, Truist Financial set a $3,700.00 target price on shares of AutoZone in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and a consensus target price of $4,040.87.

Check Out Our Latest Stock Report on AZO

AutoZone Price Performance

Shares of NYSE:AZO opened at $3,114.30 on Thursday. The firm has a market capitalization of $51.32 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 1.59 and a beta of 0.35. AutoZone, Inc. has a one year low of $2,928.11 and a one year high of $4,388.11. The company’s fifty day moving average price is $3,379.31 and its 200-day moving average price is $3,522.92.

AutoZone (NYSE:AZO – Get Free Report) last issued its earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, topping 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 the consensus estimate of $4.86 billion. During the same period in the previous year, the firm earned $35.36 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, equities research analysts expect that AutoZone, Inc. will post 150.26 EPS for the current year.

Insider Buying and Selling at AutoZone

In related news, Director Brian Hannasch acquired 165 shares of AutoZone stock in a transaction on 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 transaction, the director owned 1,219 shares in the company, valued at $3,641,153. This trade represents a 15.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Earl G. Graves, Jr. sold 50 shares of the business’s stock in a transaction 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 transaction, the director directly owned 4,837 shares in the company, valued at approximately $16,826,568.64. The trade was a 1.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.60% of the stock is owned by insiders.

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.