AutoZone, Inc. $AZO Stock: PineStone Asset Management Inc. Cuts Holdings

Posted by Geri Gentry on Oct 18th, 2026

AutoZone logo PineStone Asset Management Inc. trimmed its holdings in shares of AutoZone, Inc. (NYSE:AZO – Free Report) by 2.9% during the third quarter, HoldingsChannel reports. The fund owned 237,220 shares of the company’s stock after selling 7,040 shares during the quarter. AutoZone comprises 4.4% of PineStone Asset Management Inc.’s holdings, making the stock its 8th largest position. PineStone Asset Management Inc.’s holdings in AutoZone were worth $671,337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Edmond DE Rothschild Holding S.A. bought a new position in shares of AutoZone during the second quarter valued at $29,000. Asset Dedication LLC lifted its holdings in shares of AutoZone by 150.0% during the first quarter. Asset Dedication LLC now owns 10 shares of the company’s stock worth $34,000 after purchasing an additional 6 shares during the period. Tacita Capital Inc bought a new stake in shares of AutoZone in the second quarter worth $32,000. Burkett Financial Services LLC bought a new stake in shares of AutoZone in the third quarter worth $31,000. Finally, GK Wealth Management LLC bought a new stake in shares of AutoZone in the third quarter worth $34,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AutoZone

In other AutoZone news, VP Dennis LeRiche sold 1,455 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $3,100.00, for a total transaction of $4,510,500.00. Following the sale, the vice president owned 441 shares of the company’s stock, valued at approximately $1,367,100. This represents a 76.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.

AutoZone Stock Performance

Shares of NYSE AZO opened at $3,116.62 on Friday. The company’s 50 day moving average price is $2,937.50 and its 200-day moving average price is $3,131.66. AutoZone, Inc. has a 52-week low of $2,730.65 and a 52-week high of $4,040.00. The company has a market capitalization of $50.89 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 1.45 and a beta of 0.40.

AutoZone (NYSE:AZO – Get Free Report) last posted its quarterly earnings data on Tuesday, September 22nd. The company reported $56.05 earnings per share for the quarter, topping the consensus estimate of $0.54 by $55.51. AutoZone had a net margin of 12.65% and a negative return on equity of 90.08%. The company had revenue of $6.59 billion during the quarter, compared to analysts’ expectations of $6.70 billion. During the same period in the prior year, the company posted $48.71 earnings per share. AutoZone’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts forecast that AutoZone, Inc. will post 171.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Mizuho lowered their target price on AutoZone from $3,200.00 to $3,000.00 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. Truist Financial cut their target price on AutoZone from $3,817.00 to $3,648.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Raymond James Financial reduced their price target on AutoZone from $4,000.00 to $3,700.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, September 23rd. The Goldman Sachs Group decreased their price target on AutoZone from $4,096.00 to $3,917.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. Finally, Wells Fargo & Company decreased their price target on AutoZone from $4,150.00 to $3,500.00 and set an “overweight” rating for the company in a research note on Thursday, September 10th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $3,669.12.

Get Our Latest Research Report on AZO

AutoZone Company Profile

(Free Report)

AutoZone, Inc is a specialty retailer of automotive replacement parts, accessories and maintenance products. The company serves do-it-yourself customers as well as professional automotive repair shops, offering products such as batteries, brakes, filters, engine components, tools, fluids and other vehicle parts.

In addition to its retail stores, AutoZone provides commercial sales and delivery services for professional repair businesses. The company also operates ALLDATA, which offers automotive diagnostic, repair and shop-management software and information services to repair professionals.

Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone operates primarily in the United States, with additional stores and operations in Mexico and Brazil.