CoreCap Advisors LLC Purchases 2,680 Shares of AutoZone, Inc. $AZO

CoreCap Advisors LLC increased its position in AutoZone, Inc. (NYSE:AZO) by 567.8% in the third quarter, HoldingsChannel.com reports. The fund owned 3,152 shares of the company’s stock after buying an additional 2,680 shares during the period. CoreCap Advisors LLC’s holdings in AutoZone were worth $8,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. boosted its position in AutoZone by 1,628.6% in the third quarter. YHB Investment Advisors Inc. now owns 14,019 shares of the company’s stock valued at $39,674,000 after buying an additional 13,208 shares during the last quarter. Avidian Wealth Enterprises LLC increased its holdings in AutoZone by 4.3% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 267 shares of the company’s stock worth $756,000 after buying an additional 11 shares during the period. Elevation Wealth Partners LLC raised its position in AutoZone by 24,060.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,208 shares of the company’s stock worth $35,000 after buying an additional 1,203 shares during the last quarter. Wealth Enhancement Trust Services Inc. raised its position in AutoZone by 4,267.9% during the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 2,446 shares of the company’s stock worth $6,922,000 after buying an additional 2,390 shares during the last quarter. Finally, North Point Portfolio Managers Corp OH acquired a new stake in AutoZone during the 3rd quarter valued at approximately $37,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Up 2.3%

Shares of NYSE AZO traded up $64.35 during midday trading on Thursday, reaching $2,910.62. 172,435 shares of the stock were exchanged, compared to its average volume of 264,784. The firm has a market cap of $47.53 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.34 and a beta of 0.40. The firm has a 50-day simple moving average of $2,949.26 and a two-hundred day simple moving average of $3,149.16. AutoZone, Inc. has a twelve month low of $2,730.65 and a twelve month high of $4,146.42.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 22nd. The company reported $56.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $55.51. AutoZone had a net margin of 12.65% and a negative return on equity of 90.08%. The business had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $6.70 billion. During the same quarter in the prior year, the firm posted $48.71 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. Research analysts expect that AutoZone, Inc. will post 172.12 EPS for the current fiscal year.

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Oppenheimer set a $3,400.00 price objective on shares of AutoZone in a report on Wednesday, September 23rd. Barclays reduced their target price on shares of AutoZone from $3,637.00 to $3,400.00 and set an “overweight” rating for the company in a report on Wednesday, September 23rd. Citigroup decreased their target price on shares of AutoZone from $3,700.00 to $3,450.00 and set a “buy” rating for the company in a research report on Monday, September 14th. DA Davidson cut their price target on AutoZone from $3,750.00 to $3,500.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Finally, BMO Capital Markets reduced their price objective on AutoZone from $4,000.00 to $3,500.00 and set an “outperform” rating for the company in a research note on Wednesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $3,669.12.

Trending Headlines about AutoZone

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Bernstein upgraded AutoZone to “Strong Buy.” The firm’s average price target is approximately $3,669, implying meaningful potential upside from recent trading levels and providing the clearest positive catalyst for the shares. Bernstein upgrades AutoZone stock to Strong Buy
• Neutral Sentiment: Zacks Research introduced a fiscal 2029 EPS forecast of $220.60. Zacks also raised its Q3 2028 estimate to $46.56, suggesting analysts still expect long-term earnings growth despite weaker near- and medium-term projections.
• Negative Sentiment: Zacks reduced earnings estimates across several periods. Forecasts were cut for Q1 2027 to $34.65 from $37.78, Q2 2027 to $31.45 from $32.61, Q3 2027 to $41.91 from $42.64, and Q4 2027 to $58.15 from $61.70. The FY2027 estimate fell to $166.16 from $174.73.
• Negative Sentiment: Longer-term fiscal 2028 estimates were also lowered. Zacks reduced Q1 2028 EPS to $41.39 from $43.62, Q2 2028 to $39.11 from $40.45, Q4 2028 to $63.01 from $67.59, and FY2028 to $190.08 from $197.32. These revisions point to more cautious expectations for AutoZone’s earnings trajectory.
• Neutral Sentiment: The latest Zacks commentary keeps the focus on upcoming earnings. The current full-year consensus EPS estimate remains $172.12, while investors may weigh the bullish valuation outlook against the downward revisions to future quarterly results. Zacks Research Comments on AutoZone’s Q2 Earnings

Insider Buying and Selling at AutoZone

In related news, VP Dennis LeRiche sold 1,455 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $3,100.00, for a total value of $4,510,500.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

AutoZone Profile

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.