AutoZone, Inc. (NYSE:AZO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

AutoZone, Inc. (NYSE:AZO) has received an average rating of “Moderate Buy” from the twenty-seven research firms that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $3,913.6250.

A number of research analysts have issued reports on AZO shares. Evercore reiterated an “outperform” rating on shares of AutoZone in a research report on Tuesday, May 26th. Guggenheim cut their price objective 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. Oppenheimer reduced their price objective on shares of AutoZone from $4,300.00 to $3,500.00 and set an “outperform” rating for the company in a report on Friday. UBS Group reiterated a “buy” rating on shares of AutoZone in a research report on Tuesday. Finally, Wells Fargo & Company lowered their target price on shares of AutoZone from $4,150.00 to $3,500.00 and set an “overweight” rating on the stock in a research note on Thursday, September 10th.

AutoZone News Roundup

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: AutoZone’s earnings report next week could provide a near-term catalyst. Options traders are pricing in an approximately 10% move around the release, signaling elevated expectations and potential volatility. AutoZone Stock Set for Near 10% Move After Q4 Earnings
• Positive Sentiment: Oppenheimer maintained an “outperform” rating despite lowering its price target to $3,500. The revised target still implies substantial upside from recent trading levels, suggesting the firm views the oil-related weakness as manageable over the longer term. AutoZone Facing Near-Term Pressure From Recent Oil Price Spike
• Neutral Sentiment: Analysts are watching revenue, comparable sales, margins, and commercial-business performance for the quarter ended August 2026. Current previews cite an estimated earnings per share figure of about $54.22, but the market will place greater emphasis on forward guidance. AutoZone Q4 2026 Preview
• Negative Sentiment: Oppenheimer cut its fiscal fourth-quarter estimates and reduced its price target after the recent oil-price spike. Higher fuel costs could pressure consumer driving activity, do-it-yourself maintenance demand, and AutoZone’s near-term sales outlook. AutoZone Fiscal Fourth-Quarter Estimates Cut
• Negative Sentiment: The upcoming earnings event is increasing uncertainty, with analysts highlighting potential near-term pressure from fuel prices even as AutoZone’s longer-term replacement-parts demand remains intact. AutoZone Q4 Earnings Analysts’ Insights

AutoZone Trading Up 0.5%

AZO opened at $2,859.61 on Friday. The business’s 50 day moving average is $2,994.83 and its 200-day moving average is $3,221.20. The stock has a market cap of $46.70 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.42 and a beta of 0.34. AutoZone has a twelve month low of $2,815.00 and a twelve month high of $4,332.68.

AutoZone announced that its Board of Directors has authorized a share repurchase program on Tuesday, June 16th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related news, VP Dennis LeRiche sold 1,455 shares of the firm’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 transaction of $4,510,500.00. Following the transaction, the vice president owned 441 shares in the company, valued at $1,367,100. This trade represents a 76.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On AutoZone

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC lifted its holdings in shares of AutoZone by 47,900.0% in the second quarter. Cherry Tree Wealth Management LLC now owns 1,920 shares of the company’s stock valued at $6,136,000 after buying an additional 1,916 shares during the period. SkyView Investment Advisors LLC boosted its position in shares of AutoZone by 11.1% in the second quarter. SkyView Investment Advisors LLC now owns 100 shares of the company’s stock worth $320,000 after buying an additional 10 shares during the period. Tidal Investments LLC grew its holdings in shares of AutoZone by 29.6% during the second quarter. Tidal Investments LLC now owns 7,922 shares of the company’s stock valued at $25,318,000 after buying an additional 1,809 shares in the last quarter. National Pension Service increased its holdings in shares of AutoZone by 3.6% in the 2nd quarter. National Pension Service now owns 45,649 shares of the company’s stock valued at $145,891,000 after purchasing an additional 1,578 shares during the period. Finally, WINTON GROUP Ltd lifted its position in AutoZone by 48.6% in the 2nd quarter. WINTON GROUP Ltd now owns 110 shares of the company’s stock worth $352,000 after buying an additional 36 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

AutoZone Company Profile

AutoZone, Inc is a retailer and distributor of automotive replacement parts, accessories, and maintenance products. The company serves do-it-yourself customers, professional service technicians, and commercial repair businesses through its stores, distribution network, and online platform.

Its product offerings include replacement parts such as batteries, brakes, engine components, and ignition products, along with tools, fluids, filters, and other automotive accessories. AutoZone also provides services such as parts lookup, diagnostic assistance, battery testing and charging, and loaner tools for eligible repairs.

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