Mitsubishi UFJ Asset Management Co. Ltd. Makes New $572.88 Million Investment in AutoZone, Inc. $AZO

Posted by Brenda Bartman on Aug 17th, 2026

AutoZone logo Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in AutoZone, Inc. (NYSE:AZO – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 179,254 shares of the company’s stock, valued at approximately $572,885,000.

Other institutional investors have also modified their holdings of the company. Jupiter Asset Management Ltd. acquired a new stake in AutoZone in the fourth quarter valued at approximately $1,808,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its holdings in AutoZone by 15.2% during the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 14,224 shares of the company’s stock worth $48,241,000 after acquiring an additional 1,882 shares in the last quarter. CIBC Asset Management Inc grew its holdings in AutoZone by 67.1% during the 4th quarter. CIBC Asset Management Inc now owns 3,941 shares of the company’s stock worth $13,366,000 after acquiring an additional 1,582 shares in the last quarter. Norges Bank purchased a new stake in shares of AutoZone in the 4th quarter valued at approximately $939,205,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of AutoZone by 387.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 77,792 shares of the company’s stock valued at $263,832,000 after purchasing an additional 61,821 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AZO shares. Barclays decreased their price objective on shares of AutoZone from $3,900.00 to $3,637.00 and set an “overweight” rating for the company in a research report on Tuesday, August 4th. Morgan Stanley dropped their target price on AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. BNP Paribas Exane cut their price target on AutoZone from $4,478.00 to $3,979.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Evercore reaffirmed an “outperform” rating on shares of AutoZone in a report on Tuesday, May 26th. Finally, Truist Financial set a $3,700.00 price objective on AutoZone in a research report on Wednesday, May 27th. One investment 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 stock. According to data from MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and a consensus price target of $4,029.43.

Get Our Latest Analysis on AZO

Insider Activity

In other AutoZone news, VP Dennis W. 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 transaction, the vice president owned 441 shares of the company’s stock, valued at approximately $1,367,100. This trade represents a 76.74% 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 purchased at an average price of $2,987.00 per share, for a total transaction of $492,855.00. Following the transaction, 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 position. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.60% of the company’s stock.

AutoZone Trading Up 0.1%

Shares of AutoZone stock opened at $3,026.92 on Monday. The company has a fifty day simple moving average of $3,063.49 and a 200-day simple moving average of $3,354.72. The stock has a market cap 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, Inc. has a 12-month low of $2,902.20 and a 12-month high of $4,388.11.

AutoZone (NYSE:AZO – Get Free Report) last announced its quarterly 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 firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period last year, the business earned $35.36 EPS. AutoZone’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts forecast that AutoZone, Inc. will post 150.39 earnings per share for the current fiscal year.

AutoZone declared that its board has approved a stock repurchase program on Tuesday, June 16th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to buy up to 3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.