AutoZone (NYSE:AZO) Stock Rating Upgraded by Roth Capital

AutoZone (NYSE:AZO) was upgraded by analysts at Roth Capital to a “strong-buy” rating in a research note issued on Tuesday, Zacks.com reports. Roth Capital also issued estimates for AutoZone’s Q1 2025 earnings at $32.64 EPS, Q2 2025 earnings at $30.90 EPS, Q3 2025 earnings at $37.65 EPS, Q1 2026 earnings at $38.89 EPS, Q2 2026 earnings at $36.19 EPS, Q3 2026 earnings at $41.90 EPS, Q4 2026 earnings at $65.35 EPS and FY2026 earnings at $181.69 EPS.

Several other brokerages have also commented on AZO. UBS Group increased their price target on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. The Goldman Sachs Group cut shares of AutoZone from a “buy” rating to a “sell” rating and reduced their price target for the company from $3,205.00 to $2,917.00 in a research report on Monday. Evercore ISI raised their price objective on AutoZone from $3,300.00 to $3,350.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Oppenheimer reissued a “market perform” rating and issued a $2,600.00 target price on shares of AutoZone in a report on Wednesday, June 26th. Finally, Mizuho raised their price target on AutoZone from $3,280.00 to $3,350.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3,202.71.

AutoZone Price Performance

NYSE AZO opened at $3,129.16 on Tuesday. The stock has a market capitalization of $53.46 billion, a P/E ratio of 21.64, a PEG ratio of 1.59 and a beta of 0.70. AutoZone has a 12 month low of $2,375.35 and a 12 month high of $3,256.37. The firm’s 50-day moving average is $3,131.84 and its two-hundred day moving average is $3,007.34.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). The business had revenue of $6.21 billion during the quarter, compared to analyst estimates of $6.25 billion. AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $46.46 EPS. As a group, analysts anticipate that AutoZone will post 157.99 EPS for the current year.

Insider Buying and Selling

In other AutoZone news, Chairman William C. Rhodes III sold 300 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the sale, the chairman now directly owns 13,857 shares in the company, valued at approximately $42,613,046.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the sale, the vice president now directly owns 1,218 shares in the company, valued at $3,785,166.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman William C. Rhodes III sold 300 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the transaction, the chairman now owns 13,857 shares of the company’s stock, valued at $42,613,046.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,880 shares of company stock valued at $46,225,660 over the last quarter. Company insiders own 2.50% of the company’s stock.

Institutional Trading of AutoZone

Several institutional investors and hedge funds have recently modified their holdings of the business. Rise Advisors LLC acquired a new position in shares of AutoZone during the 1st quarter worth approximately $32,000. Riverview Trust Co purchased a new position in AutoZone during the first quarter worth about $41,000. Meeder Asset Management Inc. boosted its stake in AutoZone by 50.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock worth $44,000 after buying an additional 5 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in AutoZone in the 2nd quarter valued at about $50,000. Finally, ORG Partners LLC acquired a new position in shares of AutoZone during the 2nd quarter valued at about $50,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Company Profile

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.