Wealthfront Advisers LLC Acquires New Shares in AutoZone, Inc. $AZO

Posted by George Bondi on Aug 21st, 2026

AutoZone logo Wealthfront Advisers LLC bought a new stake in AutoZone, Inc. (NYSE:AZO – Free Report) during the second quarter, HoldingsChannel.com reports. The firm bought 1,550 shares of the company’s stock, valued at approximately $4,954,000.

Several other institutional investors have also recently bought and sold shares of AZO. Turning Point Benefit Group Inc. bought a new position in shares of AutoZone in the third quarter worth about $25,000. Torren Management LLC bought a new stake in shares of AutoZone during the 4th quarter valued at approximately $27,000. Transamerica Financial Advisors LLC increased its position in AutoZone by 100.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 8 shares of the company’s stock worth $28,000 after purchasing an additional 4 shares in the last quarter. MCF Advisors LLC lifted its stake in AutoZone by 50.0% in the 4th quarter. MCF Advisors LLC now owns 9 shares of the company’s stock valued at $31,000 after purchasing an additional 3 shares during the last quarter. Finally, Bard Associates Inc. bought a new position in AutoZone in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Robert W. Baird cut their target price on shares of AutoZone from $3,900.00 to $3,600.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. Mizuho lowered their price target on shares of AutoZone from $3,600.00 to $3,200.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. Morgan Stanley dropped their price target on 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. Guggenheim cut their price objective on AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Finally, Weiss Ratings lowered AutoZone from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $4,029.43.

View Our Latest Stock Report on AZO

AutoZone Trading Down 3.8%

NYSE AZO opened at $2,960.32 on Friday. AutoZone, Inc. has a 12 month low of $2,902.20 and a 12 month high of $4,388.11. The firm has a market capitalization of $48.34 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.56 and a beta of 0.33. The business’s 50-day moving average price is $3,057.93 and its two-hundred day moving average price is $3,334.62.

AutoZone (NYSE:AZO – Get Free Report) last announced its earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, beating the consensus estimate of $36.22 by $1.85. The business 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 firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $35.36 earnings per share. As a group, analysts forecast that AutoZone, Inc. will post 150.39 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In other news, VP Dennis W. Leriche sold 1,455 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president owned 441 shares in the company, valued at approximately $1,367,100. The trade was a 76.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Hannasch acquired 165 shares of AutoZone stock in a transaction dated Friday, May 29th. The stock was purchased at an average cost of $2,987.00 per share, for a total transaction of $492,855.00. Following the completion of the purchase, the director owned 1,219 shares in the company, valued at approximately $3,641,153. The trade was a 15.65% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.60% of the stock is currently owned by insiders.

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.