Roth Capital Has Pessimistic Outlook of AutoZone Q1 Earnings

AutoZone, Inc. (NYSE:AZO) – Stock analysts at Roth Capital cut their Q1 2026 earnings per share (EPS) estimates for shares of AutoZone in a research report issued to clients and investors on Monday, June 2nd. Roth Capital analyst S. Stember now forecasts that the company will post earnings of $37.93 per share for the quarter, down from their previous forecast of $38.46. The consensus estimate for AutoZone’s current full-year earnings is $152.94 per share. Roth Capital also issued estimates for AutoZone’s Q2 2026 earnings at $32.19 EPS, FY2026 earnings at $169.98 EPS and FY2027 earnings at $192.34 EPS.

Other analysts also recently issued reports about the company. UBS Group upped their target price on AutoZone from $4,025.00 to $4,260.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Mizuho upped their target price on AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Wells Fargo & Company set a $4,200.00 target price on AutoZone and gave the stock an “overweight” rating in a report on Monday, May 19th. Evercore ISI set a $3,950.00 target price on AutoZone in a report on Monday, May 19th. Finally, Wall Street Zen raised AutoZone from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $4,054.52.

AutoZone Stock Performance

NYSE:AZO opened at $3,750.52 on Tuesday. The stock has a fifty day moving average price of $3,698.72 and a 200-day moving average price of $3,477.40. The company has a market cap of $62.94 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 1.86 and a beta of 0.40. AutoZone has a fifty-two week low of $2,750.53 and a fifty-two week high of $3,916.81.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $37.07 by ($1.71). The firm had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.41 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $36.69 earnings per share.

Institutional Trading of AutoZone

A number of institutional investors and hedge funds have recently modified their holdings of AZO. AlphaCore Capital LLC purchased a new stake in shares of AutoZone during the first quarter valued at approximately $27,000. Saudi Central Bank purchased a new stake in AutoZone in the first quarter worth $27,000. Headlands Technologies LLC purchased a new stake in AutoZone in the fourth quarter worth $29,000. Flagship Wealth Advisors LLC purchased a new stake in AutoZone in the fourth quarter worth $32,000. Finally, Harbour Investments Inc. increased its position in AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after buying an additional 3 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP K. Michelle Borninkhof sold 136 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total value of $482,810.88. Following the transaction, the senior vice president now owns 403 shares in the company, valued at $1,430,682.24. This trade represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dennis W. Leriche sold 1,575 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the completion of the transaction, the vice president now owns 417 shares in the company, valued at $1,501,200. This represents a 79.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,973 shares of company stock worth $51,346,997. Corporate insiders own 2.10% 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.