Key Points
- Director Earl Graves, Jr. sold 50 shares of AutoZone on April 10 at an average price of $3,478.72 for total proceeds of $173,936, leaving him with 4,837 shares (about a 1.02% reduction in his stake).
- AutoZone reported quarterly EPS of $27.63, beating estimates by $0.04, with revenue of $4.27 billion (up 8.2% year‑over‑year) but slightly below analysts' expectations.
- Shares trade near $3,512 with a market cap of roughly $57.9 billion; the consensus analyst rating is Moderate Buy with a ~$4,312 price target, and institutional investors own about 92.7% of the stock.
AutoZone, Inc. (NYSE:AZO - Get Free Report) Director Earl Graves, Jr. sold 50 shares of AutoZone stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total value of $173,936.00. Following the completion of the sale, the director owned 4,837 shares in the company, valued at approximately $16,826,568.64. The trade was a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
AutoZone Trading Down 0.1%
AZO stock opened at $3,512.16 on Wednesday. AutoZone, Inc. has a 12-month low of $3,210.72 and a 12-month high of $4,388.11. The stock has a market cap of $57.88 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 1.80 and a beta of 0.41. The business's 50-day moving average is $3,581.38 and its 200 day moving average is $3,675.62.
AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $27.59 by $0.04. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The company had revenue of $4.27 billion for the quarter, compared to analysts' expectations of $4.31 billion. During the same period in the previous year, the firm posted $28.29 EPS. AutoZone's revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on AZO shares. Truist Financial lowered their price objective on AutoZone from $4,076.00 to $4,045.00 and set a "buy" rating on the stock in a report on Wednesday, March 4th. Roth Mkm lowered their target price on AutoZone from $4,650.00 to $4,526.00 and set a "buy" rating on the stock in a report on Wednesday, March 4th. Evercore boosted their target price on AutoZone from $4,100.00 to $4,125.00 and gave the stock an "outperform" rating in a report on Friday, February 27th. Weiss Ratings restated a "hold (c+)" rating on shares of AutoZone in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their target price on AutoZone from $4,100.00 to $4,300.00 and gave the stock an "overweight" rating in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $4,312.13.
Get Our Latest Report on AZO
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in AZO. Banco Bilbao Vizcaya Argentaria S.A. raised its position in AutoZone by 6.6% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,966 shares of the company's stock valued at $21,315,000 after purchasing an additional 306 shares during the period. Braun Stacey Associates Inc. raised its position in AutoZone by 7.8% in the third quarter. Braun Stacey Associates Inc. now owns 8,425 shares of the company's stock valued at $36,145,000 after purchasing an additional 613 shares during the period. Summit Global Investments raised its position in AutoZone by 132.8% in the third quarter. Summit Global Investments now owns 319 shares of the company's stock valued at $1,369,000 after purchasing an additional 182 shares during the period. Numerai GP LLC raised its position in AutoZone by 1,199.3% in the third quarter. Numerai GP LLC now owns 1,754 shares of the company's stock valued at $7,525,000 after purchasing an additional 1,619 shares during the period. Finally, Foundations Investment Advisors LLC purchased a new stake in AutoZone in the third quarter valued at approximately $678,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.
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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