DA Davidson Estimates AutoZone’s FY2026 Earnings (NYSE:AZO)

AutoZone, Inc. (NYSE:AZO) – Research analysts at DA Davidson cut their FY2026 earnings estimates for shares of AutoZone in a note issued to investors on Wednesday, September 3rd. DA Davidson analyst M. Baker now expects that the company will post earnings per share of $166.93 for the year, down from their prior estimate of $168.54. DA Davidson currently has a “Buy” rating and a $4,850.00 price target on the stock. The consensus estimate for AutoZone’s current full-year earnings is $152.94 per share.

A number of other research analysts also recently commented on AZO. Guggenheim increased their price target on shares of AutoZone from $3,850.00 to $4,100.00 and gave the company a “buy” rating in a report on Wednesday, May 28th. Evercore ISI increased their price target on shares of AutoZone from $4,060.00 to $4,250.00 and gave the company an “outperform” rating in a report on Monday, August 18th. Truist Financial set a $3,995.00 price target on shares of AutoZone in a report on Friday, May 23rd. BMO Capital Markets reissued an “outperform” rating and issued a $4,100.00 price objective (up previously from $3,850.00) on shares of AutoZone in a research note on Wednesday, May 28th. Finally, Mizuho raised their price objective on shares of AutoZone from $3,740.00 to $4,050.00 and gave the stock an “outperform” rating in a research note on Thursday, July 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $4,148.90.

AutoZone Trading Up 1.0%

Shares of NYSE:AZO opened at $4,232.12 on Thursday. AutoZone has a 12 month low of $2,898.57 and a 12 month high of $4,238.19. The company has a 50-day moving average price of $3,917.35 and a 200 day moving average price of $3,736.86. The company has a market cap of $71.02 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 2.21 and a beta of 0.41.

Insider Activity

In other news, SVP K. Michelle Borninkhof sold 750 shares of AutoZone stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $3,597.13, for a total transaction of $2,697,847.50. Following the completion of the sale, the senior vice president owned 406 shares of the company’s stock, valued at approximately $1,460,434.78. The trade was a 64.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman William C. Rhodes III sold 27,500 shares of AutoZone stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $3,708.93, for a total transaction of $101,995,575.00. Following the sale, the chairman directly owned 8,546 shares of the company’s stock, valued at $31,696,515.78. This represents a 76.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,250 shares of company stock valued at $116,321,123. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of AutoZone

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its stake in AutoZone by 3.5% in the first quarter. Blue Trust Inc. now owns 89 shares of the company’s stock worth $339,000 after buying an additional 3 shares in the last quarter. Colonial Trust Co SC raised its stake in AutoZone by 24.5% in the fourth quarter. Colonial Trust Co SC now owns 61 shares of the company’s stock worth $197,000 after buying an additional 12 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its stake in AutoZone by 10.1% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 2,954 shares of the company’s stock worth $11,267,000 after buying an additional 271 shares in the last quarter. Kirr Marbach & Co. LLC IN raised its stake in AutoZone by 0.9% in the first quarter. Kirr Marbach & Co. LLC IN now owns 7,761 shares of the company’s stock worth $29,591,000 after buying an additional 68 shares in the last quarter. Finally, Banco Santander S.A. raised its stake in AutoZone by 98.3% in the first quarter. Banco Santander S.A. now owns 829 shares of the company’s stock worth $3,161,000 after buying an additional 411 shares in the last quarter. 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.