AutoZone (NYSE:AZO) Given “Outperform” Rating at Wedbush

Wedbush restated their outperform rating on shares of AutoZone (NYSE:AZO) in a report published on Thursday, Benzinga reports. They currently have a $3,200.00 price objective on the stock. Wedbush also issued estimates for AutoZone’s Q4 2024 earnings at $52.64 EPS, FY2024 earnings at $150.77 EPS, Q1 2025 earnings at $34.98 EPS, Q2 2025 earnings at $31.41 EPS, Q3 2025 earnings at $40.16 EPS, Q4 2025 earnings at $55.46 EPS, FY2025 earnings at $161.91 EPS and FY2026 earnings at $179.91 EPS.

Other research analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of AutoZone from a hold rating to a buy rating in a report on Friday, September 13th. Mizuho decreased their price objective on shares of AutoZone from $3,450.00 to $3,280.00 and set a buy rating for the company in a report on Wednesday, May 22nd. Guggenheim boosted their price objective on shares of AutoZone from $3,150.00 to $3,225.00 and gave the company a buy rating in a report on Wednesday, June 26th. Truist Financial decreased their price objective on shares of AutoZone from $3,523.00 to $3,394.00 and set a buy rating for the company in a report on Wednesday, May 22nd. Finally, Wolfe Research decreased their price objective on shares of AutoZone from $3,150.00 to $3,000.00 and set an outperform rating for the company in a report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy 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 target price of $3,129.44.

AutoZone Price Performance

AZO opened at $3,020.66 on Thursday. The company has a market cap of $51.60 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 1.45 and a beta of 0.71. The firm has a 50 day simple moving average of $3,105.66 and a 200 day simple moving average of $3,010.09. AutoZone has a fifty-two week low of $2,375.35 and a fifty-two week high of $3,256.37.

Institutional Trading of AutoZone

A number of institutional investors have recently made changes to their positions in AZO. Clearbridge Investments LLC lifted its position in shares of AutoZone by 3.0% in the fourth quarter. Clearbridge Investments LLC now owns 6,179 shares of the company’s stock worth $15,976,000 after purchasing an additional 179 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of AutoZone by 27.3% in the fourth quarter. D.A. Davidson & CO. now owns 807 shares of the company’s stock worth $2,087,000 after purchasing an additional 173 shares in the last quarter. Assetmark Inc. lifted its position in shares of AutoZone by 10.0% in the fourth quarter. Assetmark Inc. now owns 1,459 shares of the company’s stock worth $3,772,000 after purchasing an additional 133 shares in the last quarter. WBI Investments LLC bought a new stake in shares of AutoZone in the fourth quarter worth $225,000. Finally, Hohimer Wealth Management LLC raised its position in AutoZone by 1.4% during the fourth quarter. Hohimer Wealth Management LLC now owns 366 shares of the company’s stock worth $946,000 after acquiring an additional 5 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.