Key Points
- Director George Mrkonic, Jr. sold 336 shares at an average price of $3,202 for a total of $1,075,872, reducing his stake to 3,228 shares (a 9.43% decrease).
- AutoZone reported quarterly EPS of $31.04, missing the $32.69 estimate, with revenue of $4.63 billion and a net margin of 12.78%.
- The stock carries a consensus "Moderate Buy" with a target of $4,280.63, a market cap of $62.17 billion, and a 1‑year trading range of $3,210.72 to $4,388.11 (recent open $3,751.68).
AutoZone, Inc. (NYSE:AZO - Get Free Report) Director George Mrkonic, Jr. sold 336 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $3,202.00, for a total transaction of $1,075,872.00. Following the sale, the director directly owned 3,228 shares of the company's stock, valued at $10,336,056. This represents a 9.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
AutoZone Trading Up 2.5%
Shares of NYSE AZO opened at $3,751.68 on Friday. The company has a fifty day moving average price of $3,594.55 and a 200 day moving average price of $3,831.70. The firm has a market cap of $62.17 billion, a PE ratio of 26.16, a PEG ratio of 1.74 and a beta of 0.41. AutoZone, Inc. has a 1-year low of $3,210.72 and a 1-year high of $4,388.11.
AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings results on Tuesday, December 9th. The company reported $31.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $32.69 by ($1.65). The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.64 billion. AutoZone had a net margin of 12.78% and a negative return on equity of 65.38%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $32.52 EPS. Equities research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.
Analysts Set New Price Targets
AZO has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of AutoZone from $4,700.00 to $4,500.00 and set an "overweight" rating for the company in a research note on Wednesday, December 10th. JPMorgan Chase & Co. raised their target price on shares of AutoZone from $4,100.00 to $4,300.00 and gave the company an "overweight" rating in a research report on Thursday. Mizuho reissued a "neutral" rating and set a $3,550.00 price target (down from $3,850.00) on shares of AutoZone in a research report on Monday, January 5th. Oppenheimer decreased their price objective on AutoZone from $4,600.00 to $4,150.00 and set an "outperform" rating for the company in a report on Friday, January 9th. Finally, Truist Financial lowered their target price on AutoZone from $4,499.00 to $4,076.00 and set a "buy" rating on the stock in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $4,280.63.
View Our Latest Stock Analysis on AutoZone
Hedge Funds Weigh In On AutoZone
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. bought a new stake in AutoZone in the third quarter valued at approximately $26,000. Turning Point Benefit Group Inc. bought a new stake in AutoZone in the 3rd quarter valued at $25,000. Global Trust Asset Management LLC lifted its holdings in AutoZone by 600.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 7 shares of the company's stock valued at $30,000 after purchasing an additional 6 shares during the last quarter. Aspect Partners LLC boosted its position in AutoZone by 700.0% during the second quarter. Aspect Partners LLC now owns 8 shares of the company's stock worth $30,000 after purchasing an additional 7 shares during the period. Finally, Salomon & Ludwin LLC acquired a new position in shares of AutoZone in the third quarter valued at $34,000. Institutional investors own 92.74% of the company's stock.
AutoZone Company Profile
(
Get 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.
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