Truist Financial Has Lowered Expectations for AutoZone (NYSE:AZO) Stock Price

AutoZone (NYSE:AZO) had its price objective lowered by equities research analysts at Truist Financial from $4,076.00 to $4,045.00 in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target points to a potential upside of 7.97% from the company’s previous close.

Several other equities research analysts also recently issued reports on AZO. Mizuho reissued a “neutral” rating and issued a $3,550.00 price objective (down from $3,850.00) on shares of AutoZone in a research note on Monday, January 5th. DA Davidson reduced their price target on shares of AutoZone from $4,500.00 to $4,100.00 and set a “buy” rating for the company in a research report on Tuesday. Raymond James Financial cut their target price on shares of AutoZone from $4,800.00 to $4,600.00 and set a “strong-buy” rating for the company in a research report on Wednesday, December 10th. Roth Mkm restated a “buy” rating and set a $4,650.00 price target (down from $4,750.00) on shares of AutoZone in a report on Wednesday, December 10th. Finally, Citigroup dropped their price target on shares of AutoZone from $4,775.00 to $4,200.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,311.57.

AutoZone Trading Up 0.8%

NYSE:AZO opened at $3,746.41 on Wednesday. The company has a 50-day moving average of $3,617.95 and a 200-day moving average of $3,824.20. The firm has a market cap of $62.08 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 1.91 and a beta of 0.41. AutoZone has a twelve month low of $3,210.72 and a twelve month high of $4,388.11.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, topping analysts’ consensus estimates of $27.59 by $0.04. The firm had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.31 billion. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $28.29 earnings per share. On average, research analysts forecast that AutoZone will post 152.94 earnings per share for the current year.

Insiders Place Their Bets

In other AutoZone news, VP Richard Craig Smith sold 5,910 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $3,700.00, for a total transaction of $21,867,000.00. Following the completion of the transaction, the vice president owned 2,627 shares of the company’s stock, valued at $9,719,900. The trade was a 69.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. George purchased 145 shares of the stock in a transaction dated Monday, December 22nd. The stock was acquired at an average cost of $3,398.13 per share, for a total transaction of $492,728.85. Following the completion of the transaction, the director owned 566 shares of the company’s stock, valued at $1,923,341.58. The trade was a 34.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 347 shares of company stock worth $1,179,256 and sold 9,447 shares worth $34,179,923. 2.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AutoZone

Large investors have recently added to or reduced their stakes in the company. NewSquare Capital LLC boosted its position in AutoZone by 50.0% in the second quarter. NewSquare Capital LLC now owns 9 shares of the company’s stock valued at $33,000 after buying an additional 3 shares in the last quarter. Westpac Banking Corp increased its holdings in AutoZone by 2.6% during the 2nd quarter. Westpac Banking Corp now owns 118 shares of the company’s stock valued at $438,000 after purchasing an additional 3 shares in the last quarter. AlphaCore Capital LLC raised its position in AutoZone by 42.9% in the 2nd quarter. AlphaCore Capital LLC now owns 10 shares of the company’s stock valued at $37,000 after purchasing an additional 3 shares during the last quarter. L2 Asset Management LLC boosted its stake in AutoZone by 4.2% in the second quarter. L2 Asset Management LLC now owns 75 shares of the company’s stock worth $278,000 after purchasing an additional 3 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of AutoZone by 6.3% during the second quarter. Lazard Asset Management LLC now owns 51 shares of the company’s stock worth $189,000 after purchasing an additional 3 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Key AutoZone News

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Multiple major brokers raised price targets or reaffirmed buy/overweight ratings (Goldman Sachs, Citigroup, Morgan Stanley, Barclays), which supports upside expectations and likely helped buying interest this morning. Read More. • Read More. • Read More. • Read More.
• Positive Sentiment: Q2 EPS slightly beat consensus (reported EPS vs. estimate) and sales grew ~8% Y/Y; management highlighted commercial growth and store expansion as offsets to the topline shortfall. That beat helps justify current valuations despite headwinds. Read More.
• Positive Sentiment: Management reiterated an aggressive store growth plan (targeting 350–360 new stores for 2026), which supports long‑term revenue expansion and is a constructive growth catalyst. Read More.
• Neutral Sentiment: Analyst views are mixed overall — some firms cut PTs modestly but kept buy ratings, while others raised targets; the net effect is a crowded but heterogeneous analyst stance that creates both upside and downside scenarios. Read More.
• Negative Sentiment: Topline missed a few estimates and management said an unusually strong winter season and softer Mexico sales weighed on Q2 revenues — a clear near-term headwind to growth. Read More.
• Negative Sentiment: Margin pressure from higher production costs, LIFO inventory impacts and accelerated SG&A investments was highlighted by several reports and analysts; margin compression could limit near-term EPS upside even with revenue growth. Read More. • Read More.
• Negative Sentiment: Some firms trimmed price targets or moved to neutral (e.g., Mizuho raised its PT but set a neutral rating at a level below the current price), introducing potential selling pressure for investors focused on near‑term downside risk. Read More.

About AutoZone

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.