AutoZone (NYSE:AZO) Director Buys $492,855.00 in Stock

AutoZone, Inc. (NYSE:AZO) Director Brian Hannasch acquired 165 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average price of $2,987.00 per share, with a total value of $492,855.00. Following the transaction, the director directly owned 1,219 shares in the company, valued at $3,641,153. The trade was a 15.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AutoZone Stock Performance

NYSE:AZO traded down $70.66 on Friday, hitting $2,936.42. 494,325 shares of the stock were exchanged, compared to its average volume of 201,091. AutoZone, Inc. has a 52 week low of $2,931.65 and a 52 week high of $4,388.11. The stock has a market capitalization of $48.39 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.54 and a beta of 0.43. The company’s 50-day moving average price is $3,430.33 and its 200 day moving average price is $3,570.14.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, May 26th. The company reported $38.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $36.22 by $1.85. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the firm earned $35.36 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, equities research analysts predict that AutoZone, Inc. will post 149.93 earnings per share for the current year.

Key AutoZone News

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Several brokerages, including Guggenheim and TD Cowen, reiterated bullish ratings on AutoZone, and other analysts still see meaningful upside despite the selloff.
• Positive Sentiment: AutoZone reported 8.4% year-over-year revenue growth and management said commercial momentum remains strong, with plans to open 355 to 365 new locations this fiscal year.
• Neutral Sentiment: Analyst updates lowered price targets, including moves from Jefferies and BNP Paribas Exane, but both firms kept positive ratings, signaling reduced optimism rather than a bearish call.
• Neutral Sentiment: Market commentary suggests investors are weighing whether the post-earnings decline has created a buying opportunity or whether the stock could fall further from current levels.
• Negative Sentiment: AutoZone’s latest results fell short of revenue expectations, which triggered the stock’s decline as investors focused on the miss rather than the EPS beat. Article: Why AutoZone Stock Slumped This Week
• Negative Sentiment: Some reports say the stock is sliding because investors are concerned that late-quarter softness may point to slowing momentum, despite management’s explanation that weather impacted results.

Analyst Ratings Changes

A number of analysts have commented on AZO shares. Truist Financial set a $3,700.00 target price on shares of AutoZone in a report on Wednesday. DA Davidson reduced their price target on AutoZone from $4,300.00 to $3,750.00 and set a “buy” rating on the stock in a research report on Wednesday. Raymond James Financial reaffirmed a “strong-buy” rating on shares of AutoZone in a research note on Wednesday. Argus upgraded AutoZone from a “hold” rating to a “buy” rating and set a $4,325.00 price objective for the company in a report on Monday, March 9th. Finally, Guggenheim reduced their target price on AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $4,040.87.

Hedge Funds Weigh In On AutoZone

Several institutional investors and hedge funds have recently made changes to their positions in AZO. Brighton Jones LLC increased its holdings in shares of AutoZone by 14.4% in the fourth quarter. Brighton Jones LLC now owns 111 shares of the company’s stock worth $356,000 after acquiring an additional 14 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of AutoZone during the 2nd quarter valued at about $356,000. Guggenheim Capital LLC grew its position in shares of AutoZone by 3.8% in the 2nd quarter. Guggenheim Capital LLC now owns 248 shares of the company’s stock valued at $921,000 after purchasing an additional 9 shares during the period. NewEdge Advisors LLC grew its position in shares of AutoZone by 8.9% in the 2nd quarter. NewEdge Advisors LLC now owns 1,376 shares of the company’s stock valued at $5,110,000 after purchasing an additional 112 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in AutoZone by 52.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 11,763 shares of the company’s stock worth $43,667,000 after purchasing an additional 4,039 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

About AutoZone

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.