Firetrail Investments PTY Ltd. Acquires Shares of 2,920 AutoZone, Inc. $AZO

Posted by Brian Himes on Aug 17th, 2026

AutoZone logo Firetrail Investments PTY Ltd. bought a new position in shares of AutoZone, Inc. (NYSE:AZO – Free Report) during the second quarter, Holdings Channel.com reports. The firm bought 2,920 shares of the company’s stock, valued at approximately $9,276,000. AutoZone accounts for approximately 2.6% of Firetrail Investments PTY Ltd.’s holdings, making the stock its 18th largest holding.

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

AutoZone Trading Up 0.1%

NYSE:AZO opened at $3,026.92 on Monday. AutoZone, Inc. has a 1-year low of $2,902.20 and a 1-year high of $4,388.11. The business’s 50-day moving average price is $3,063.49 and its two-hundred day moving average price is $3,354.72. The firm has a market capitalization of $49.43 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.54 and a beta of 0.33.

AutoZone (NYSE:AZO – Get Free Report) last issued its 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 firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.86 billion. AutoZone had a negative return on equity of 80.35% and a net margin of 12.40%.The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $35.36 earnings per share. Sell-side analysts predict that AutoZone, Inc. will post 150.39 earnings per share for the current year.

AutoZone announced that its board has approved a share buyback plan on Tuesday, June 16th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to buy up to 3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other AutoZone news, VP Dennis W. Leriche sold 1,455 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $3,100.00, for a total value of $4,510,500.00. Following the sale, the vice president directly owned 441 shares in the company, valued at approximately $1,367,100. This trade represents a 76.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brian Hannasch purchased 165 shares of AutoZone stock in a transaction dated Friday, May 29th. The shares were purchased at an average cost of $2,987.00 per share, for a total transaction of $492,855.00. Following the completion of the transaction, the director 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. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AZO. BNP Paribas Exane dropped their price objective on AutoZone from $4,478.00 to $3,979.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Guggenheim reduced their target price on shares of AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Citigroup lowered their price target on shares of AutoZone from $4,300.00 to $3,700.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Morgan Stanley dropped their price target on shares of AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. Finally, BMO Capital Markets cut their price objective on shares of AutoZone from $4,300.00 to $4,000.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,029.43.

Check Out Our Latest Stock Analysis on AutoZone

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.