Zacks Research Research Analysts Decrease Earnings Estimates for AutoZone, Inc. (NYSE:AZO)

AutoZone, Inc. (NYSE:AZOFree Report) – Stock analysts at Zacks Research reduced their Q4 2024 earnings estimates for AutoZone in a research note issued to investors on Tuesday, June 4th. Zacks Research analyst L. Shahu now expects that the company will earn $50.48 per share for the quarter, down from their prior estimate of $54.08. The consensus estimate for AutoZone’s current full-year earnings is $151.75 per share. Zacks Research also issued estimates for AutoZone’s Q1 2026 earnings at $39.64 EPS.

A number of other equities analysts have also recently weighed in on the company. Evercore ISI decreased their price objective on AutoZone from $3,300.00 to $3,250.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. DA Davidson lifted their price target on shares of AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Wolfe Research cut their price target on shares of AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating for the company in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. increased their price objective on AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Finally, Wedbush cut their target price on AutoZone from $3,400.00 to $3,200.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,104.13.

Check Out Our Latest Analysis on AZO

AutoZone Price Performance

Shares of AutoZone stock opened at $2,764.69 on Friday. AutoZone has a 1 year low of $2,303.93 and a 1 year high of $3,256.37. The company has a 50 day simple moving average of $2,936.88 and a two-hundred day simple moving average of $2,834.23. The firm has a market cap of $47.88 billion, a PE ratio of 19.12, a PEG ratio of 1.40 and a beta of 0.71.

AutoZone (NYSE:AZOGet Free Report) last issued its quarterly earnings data on Tuesday, May 21st. The company reported $36.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $35.67 by $1.02. AutoZone had a negative return on equity of 54.69% and a net margin of 14.60%. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the business posted $34.12 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year.

Insider Transactions at AutoZone

In other news, VP Eric S. Gould sold 2,100 shares of AutoZone stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the completion of the transaction, the vice president now owns 910 shares of the company’s stock, valued at approximately $2,912,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Jenna M. Bedsole bought 36 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average price of $2,757.10 per share, for a total transaction of $99,255.60. Following the completion of the acquisition, the vice president now owns 36 shares of the company’s stock, valued at approximately $99,255.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eric S. Gould sold 2,100 shares of AutoZone stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the completion of the sale, the vice president now directly owns 910 shares of the company’s stock, valued at approximately $2,912,000. The disclosure for this sale can be found here. Insiders have sold a total of 12,990 shares of company stock valued at $41,341,913 in the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AutoZone

Several institutional investors have recently made changes to their positions in the business. Alcosta Capital Management Inc. increased its stake in shares of AutoZone by 0.3% in the third quarter. Alcosta Capital Management Inc. now owns 1,255 shares of the company’s stock worth $3,188,000 after purchasing an additional 4 shares in the last quarter. Hohimer Wealth Management LLC lifted its holdings in shares of AutoZone by 1.1% in the 3rd quarter. Hohimer Wealth Management LLC now owns 361 shares of the company’s stock valued at $917,000 after acquiring an additional 4 shares during the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of AutoZone by 3.8% in the 4th quarter. Summit Trail Advisors LLC now owns 110 shares of the company’s stock worth $283,000 after purchasing an additional 4 shares during the period. Guardian Capital LP boosted its stake in AutoZone by 1.3% during the fourth quarter. Guardian Capital LP now owns 301 shares of the company’s stock worth $778,000 after buying an additional 4 shares during the period. Finally, Quent Capital LLC grew its holdings in AutoZone by 4.8% during the 1st quarter. Quent Capital LLC now owns 88 shares of the company’s stock valued at $277,000 after purchasing an additional 4 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

AutoZone Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for AutoZone (NYSE:AZO)

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