Citigroup Boosts AutoZone (NYSE:AZO) Price Target to $4,300.00

AutoZone (NYSE:AZO) had its price objective lifted by research analysts at Citigroup from $4,200.00 to $4,300.00 in a report released on Wednesday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 14.78% from the stock’s current price.

A number of other brokerages have also commented on AZO. JPMorgan Chase & Co. upped their target price on shares of AutoZone from $4,100.00 to $4,300.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Evercore increased their price objective on shares of AutoZone from $4,100.00 to $4,125.00 and gave the company an “outperform” rating in a report on Friday, February 27th. TD Cowen reaffirmed a “buy” rating on shares of AutoZone in a research note on Monday, February 23rd. Zacks Research raised shares of AutoZone from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Finally, The Goldman Sachs Group increased their price target on AutoZone from $4,234.00 to $4,274.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,311.57.

AutoZone Trading Up 0.8%

AZO opened at $3,746.41 on Wednesday. AutoZone has a 1-year low of $3,210.72 and a 1-year high of $4,388.11. The business has a 50 day moving average of $3,617.95 and a 200-day moving average of $3,824.20. The stock has a market capitalization of $62.08 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 1.91 and a beta of 0.41.

AutoZone (NYSE:AZO) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $4.31 billion. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $28.29 earnings per share. Equities analysts predict that AutoZone will post 152.94 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael A. George bought 145 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was acquired at an average cost of $3,398.13 per share, with a total value of $492,728.85. Following the completion of the purchase, the director owned 566 shares of the company’s stock, valued at $1,923,341.58. This represents a 34.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Earl G. Graves, Jr. sold 250 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $3,295.00, for a total transaction of $823,750.00. Following the sale, the director directly owned 4,887 shares in the company, valued at $16,102,665. This trade represents a 4.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have acquired 347 shares of company stock valued at $1,179,256 and have sold 9,447 shares valued at $34,179,923. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On AutoZone

Institutional investors have recently made changes to their positions in the company. Turning Point Benefit Group Inc. bought a new position in AutoZone in the 3rd quarter valued at about $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of AutoZone during the 3rd quarter worth approximately $26,000. Torren Management LLC bought a new position in AutoZone in the fourth quarter valued at approximately $27,000. Transamerica Financial Advisors LLC raised its position in AutoZone by 100.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 8 shares of the company’s stock valued at $28,000 after purchasing an additional 4 shares in the last quarter. Finally, Aspect Partners LLC raised its position in AutoZone by 700.0% during the second quarter. Aspect Partners LLC now owns 8 shares of the company’s stock valued at $30,000 after purchasing an additional 7 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Trending Headlines about AutoZone

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.

AutoZone Company Profile

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.