Key Points
- AutoZone director Brian Hannasch bought 165 shares on May 29 at an average price of $2,987 each, a $492,855 transaction that raised his direct holdings to 1,219 shares.
- The company recently reported EPS of $38.07, topping estimates, but revenue of $4.84 billion slightly missed expectations and helped pressure the stock lower.
- Despite the pullback, analysts remain generally constructive: the stock still carries a Moderate Buy consensus, with an average price target of about $4,040.87.
AutoZone, Inc. (NYSE:AZO - Get Free Report) Director Brian Hannasch acquired 165 shares of the firm's stock in a transaction on Friday, May 29th. The stock was purchased at an average price of $2,987.00 per share, for a total transaction of $492,855.00. Following the transaction, the director directly owned 1,219 shares of the company's stock, valued at approximately $3,641,153. This trade represents a 15.65% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
AutoZone Price Performance
Shares of NYSE AZO opened at $2,936.42 on Friday. AutoZone, Inc. has a 1 year low of $2,931.65 and a 1 year high of $4,388.11. The company's 50-day moving average is $3,421.80 and its 200 day moving average is $3,565.71. The stock has a market capitalization of $48.38 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.53 and a beta of 0.43.
AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly 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 analysts' expectations of $4.86 billion. During the same quarter in the previous year, the company earned $35.36 earnings per share. AutoZone's quarterly revenue was up 8.4% on a year-over-year basis. Research analysts anticipate that AutoZone, Inc. will post 150.58 earnings per share for the current year.
Institutional Investors Weigh In On AutoZone
Several hedge funds have recently bought and sold shares of AZO. Brighton Jones LLC boosted its stake in AutoZone by 14.4% during 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 stake in AutoZone during the second quarter worth about $356,000. Guggenheim Capital LLC boosted its stake in AutoZone by 3.8% during the second quarter. Guggenheim Capital LLC now owns 248 shares of the company's stock worth $921,000 after acquiring an additional 9 shares in the last quarter. NewEdge Advisors LLC boosted its stake in AutoZone by 8.9% during the second quarter. NewEdge Advisors LLC now owns 1,376 shares of the company's stock worth $5,110,000 after acquiring an additional 112 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in AutoZone by 52.3% during the second quarter. Treasurer of the State of North Carolina now owns 11,763 shares of the company's stock worth $43,667,000 after acquiring an additional 4,039 shares in the last quarter. Institutional investors own 92.74% of the company's stock.
AutoZone News Summary
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.
Wall Street Analysts Forecast Growth
AZO has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of AutoZone from $4,300.00 to $3,850.00 and set an "overweight" rating on the stock in a research report on Wednesday. Argus upgraded shares of AutoZone from a "hold" rating to a "buy" rating and set a $4,325.00 price target on the stock in a research report on Monday, March 9th. The Goldman Sachs Group reduced their price target on shares of AutoZone from $4,345.00 to $4,096.00 and set a "buy" rating on the stock in a research report on Wednesday. Mizuho reduced their price target on shares of AutoZone from $3,600.00 to $3,200.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, TD Cowen reduced their price target on shares of AutoZone from $4,250.00 to $3,700.00 and set a "buy" rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $4,040.87.
View Our Latest Stock Analysis on AutoZone
About AutoZone
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
