Rakuten Investment Management Inc. Lowers Holdings in AutoZone, Inc. $AZO

Posted by Stanley Muller on Jun 17th, 2026

AutoZone logo Rakuten Investment Management Inc. trimmed its holdings in AutoZone, Inc. (NYSE:AZO – Free Report) by 93.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,192 shares of the company’s stock after selling 32,691 shares during the period. Rakuten Investment Management Inc.’s holdings in AutoZone were worth $7,487,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Crestwood Advisors Group LLC boosted its holdings in AutoZone by 1.7% in the third quarter. Crestwood Advisors Group LLC now owns 184 shares of the company’s stock valued at $791,000 after purchasing an additional 3 shares during the last quarter. Assetmark Inc. raised its position in AutoZone by 1.4% during the third quarter. Assetmark Inc. now owns 212 shares of the company’s stock valued at $908,000 after acquiring an additional 3 shares in the last quarter. Bridgewater Advisors Inc. raised its position in AutoZone by 1.3% during the third quarter. Bridgewater Advisors Inc. now owns 229 shares of the company’s stock valued at $982,000 after acquiring an additional 3 shares in the last quarter. Compass Capital Corp MA ADV raised its position in AutoZone by 3.7% during the third quarter. Compass Capital Corp MA ADV now owns 85 shares of the company’s stock valued at $365,000 after acquiring an additional 3 shares in the last quarter. Finally, KCM Investment Advisors LLC raised its position in AutoZone by 0.3% during the third quarter. KCM Investment Advisors LLC now owns 1,153 shares of the company’s stock valued at $4,947,000 after acquiring an additional 3 shares in the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Evercore reiterated an “outperform” rating on shares of AutoZone in a research report on Tuesday, May 26th. JPMorgan Chase & Co. cut their target price on shares of AutoZone from $4,300.00 to $3,850.00 and set an “overweight” rating for the company in a 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 for the company in a report on Wednesday, May 27th. Barclays lifted their target price on shares of AutoZone from $3,800.00 to $3,900.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Finally, Guggenheim cut their target price on shares of AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,040.87.

Check Out Our Latest Stock Analysis on AutoZone

AutoZone Trading Up 0.7%

Shares of AZO stock opened at $3,128.25 on Wednesday. The company has a market capitalization of $51.08 billion, a P/E ratio of 21.51, a P/E/G ratio of 1.58 and a beta of 0.35. The business’s 50 day moving average is $3,355.86 and its two-hundred day moving average is $3,500.15. AutoZone, Inc. has a 12-month low of $2,928.11 and a 12-month high of $4,388.11.

AutoZone (NYSE:AZO – Get Free Report) last issued its quarterly 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. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.86 billion. AutoZone had a negative return on equity of 80.35% and a net margin of 12.40%.AutoZone’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $35.36 earnings per share. On average, research analysts predict that AutoZone, Inc. will post 150.45 earnings per share for the current fiscal year.

AutoZone announced that its board has approved a share repurchase program on Tuesday, June 16th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to reacquire up to 3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the transaction, the director owned 4,837 shares in the company, valued at approximately $16,826,568.64. This represents a 1.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Hannasch bought 165 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were bought at an average cost of $2,987.00 per share, with a total value of $492,855.00. Following the purchase, the director directly owned 1,219 shares of the company’s stock, valued at approximately $3,641,153. This represents a 15.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.60% of the company’s stock.

AutoZone 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.