Cambria Investment Management L.P. Lowers Stock Holdings in AutoZone, Inc. $AZO

Cambria Investment Management L.P. reduced its stake in AutoZone, Inc. (NYSE:AZO) by 64.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 280 shares of the company’s stock after selling 515 shares during the quarter. Cambria Investment Management L.P.’s holdings in AutoZone were worth $1,201,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in AutoZone by 6.6% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,966 shares of the company’s stock valued at $21,315,000 after purchasing an additional 306 shares in the last quarter. Braun Stacey Associates Inc. raised its holdings in AutoZone by 7.8% in the third quarter. Braun Stacey Associates Inc. now owns 8,425 shares of the company’s stock worth $36,145,000 after buying an additional 613 shares during the last quarter. Summit Global Investments lifted its stake in shares of AutoZone by 132.8% in the third quarter. Summit Global Investments now owns 319 shares of the company’s stock worth $1,369,000 after buying an additional 182 shares in the last quarter. Numerai GP LLC lifted its stake in shares of AutoZone by 1,199.3% in the third quarter. Numerai GP LLC now owns 1,754 shares of the company’s stock worth $7,525,000 after buying an additional 1,619 shares in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of AutoZone during the third quarter valued at approximately $678,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Trading Down 0.6%

Shares of AZO stock opened at $3,342.73 on Friday. AutoZone, Inc. has a 12-month low of $3,210.72 and a 12-month high of $4,388.11. The stock has a market capitalization of $55.39 billion, a P/E ratio of 23.42, a P/E/G ratio of 1.72 and a beta of 0.41. The firm’s 50 day moving average is $3,659.45 and its 200 day moving average is $3,783.07.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, beating analysts’ consensus estimates of $27.59 by $0.04. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.31 billion. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $28.29 EPS. As a group, equities analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of recent analyst reports. UBS Group set a $4,800.00 price objective on shares of AutoZone in a report on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of AutoZone in a research note on Monday, December 29th. Wolfe Research lowered AutoZone from an “outperform” rating to a “peer perform” rating in a report on Tuesday, December 16th. TD Cowen decreased their price target on AutoZone from $4,400.00 to $4,250.00 and set a “buy” rating for the company in a research note on Monday. Finally, Truist Financial lowered their price target on AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $4,312.13.

Key Headlines Impacting AutoZone

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Zacks raised its FY2027 earnings view to $174.79 and bumped FY2026 and several quarter estimates (including Q3 and Q4 2026 and Q3/Q4 2027), signaling upside to longer‑term profitability expectations. Zacks still carries a “Hold” rating, so these increases support valuation but aren’t a full bullish re-rating.
• Neutral Sentiment: Macro inflation risks could complicate AutoZone’s cost/revenue dynamics: a wider inflation pickup (e.g., higher oil/fertilizer pushing producer prices) would be a mixed factor — boosting parts demand/prices but squeezing margins if costs rise. Inflation Could Be Coming Back. 2 Stocks To Buy Now
• Negative Sentiment: Zacks cut a few near-term quarter forecasts: modest downgrades to Q1 2028, Q2 2027 and Q2 2028 EPS — these trims suggest some weakening in the nearer-term cadence of earnings that could pressure the stock until visibility improves.
• Negative Sentiment: TD Cowen / market commentary has lowered expectations for AutoZone’s stock price, adding external downward pressure and signaling that at least one broker sees downside to valuation or growth trajectory. TD Cowen Has Lowered Expectations for AutoZone (NYSE:AZO) Stock Price

Insider Transactions at AutoZone

In other news, Director Michael A. George acquired 145 shares of AutoZone stock in a transaction that occurred on Monday, December 22nd. The stock was bought at an average price 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 in the company, valued at $1,923,341.58. The trade was a 34.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Earl G. Graves, Jr. sold 250 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $3,295.00, for a total value of $823,750.00. Following the completion of the transaction, the director directly owned 4,887 shares in the company, valued at approximately $16,102,665. This represents a 4.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 9,447 shares of company stock worth $34,179,923. 2.60% of the stock is currently owned by insiders.

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.