Brian Hannasch Acquires 165 Shares of AutoZone (NYSE:AZO) Stock

AutoZone, Inc. (NYSE:AZO) Director Brian Hannasch acquired 165 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average price of $2,987.00 per share, with a total value of $492,855.00. Following the transaction, the director directly owned 1,219 shares in the company, valued at $3,641,153. The trade was a 15.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AutoZone Stock Performance

AZO opened at $2,936.42 on Friday. The company has a fifty day moving average price of $3,421.80 and a two-hundred day moving average price of $3,565.71. AutoZone, Inc. has a 52 week low of $2,931.65 and a 52 week high of $4,388.11. The firm has a market capitalization of $48.39 billion, a PE ratio of 20.57, a P/E/G ratio of 1.49 and a beta of 0.43.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, topping analysts’ consensus estimates of $36.22 by $1.85. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the previous year, the business earned $35.36 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities analysts forecast that AutoZone, Inc. will post 150.54 EPS for the current year.

Analyst Ratings Changes

AZO has been the subject of a number of analyst reports. Roth Mkm lowered their target price on shares of AutoZone from $4,526.00 to $4,023.00 and set a “buy” rating for the company in a report on Wednesday. Truist Financial set a $3,700.00 target price on shares of AutoZone in a report on Wednesday. The Goldman Sachs Group lowered their target price on shares of AutoZone from $4,345.00 to $4,096.00 and set a “buy” rating for the company in a report on Wednesday. DA Davidson lowered their target price on shares of AutoZone from $4,300.00 to $3,750.00 and set a “buy” rating for the company in a report on Wednesday. Finally, TD Cowen lowered their target price on shares of AutoZone from $4,250.00 to $3,700.00 and set a “buy” rating for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4,040.87.

More AutoZone News

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Several brokerages, including Guggenheim and TD Cowen, reiterated bullish ratings on AutoZone, and other analysts still see meaningful upside despite the selloff.
• Positive Sentiment: AutoZone reported 8.4% year-over-year revenue growth and management said commercial momentum remains strong, with plans to open 355 to 365 new locations this fiscal year.
• Neutral Sentiment: Analyst updates lowered price targets, including moves from Jefferies and BNP Paribas Exane, but both firms kept positive ratings, signaling reduced optimism rather than a bearish call.
• Neutral Sentiment: Market commentary suggests investors are weighing whether the post-earnings decline has created a buying opportunity or whether the stock could fall further from current levels.
• Negative Sentiment: AutoZone’s latest results fell short of revenue expectations, which triggered the stock’s decline as investors focused on the miss rather than the EPS beat. Article: Why AutoZone Stock Slumped This Week
• Negative Sentiment: Some reports say the stock is sliding because investors are concerned that late-quarter softness may point to slowing momentum, despite management’s explanation that weather impacted results.

Hedge Funds Weigh In On AutoZone

Institutional investors and hedge funds have recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in AutoZone by 6.6% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,966 shares of the company’s stock worth $21,315,000 after purchasing an additional 306 shares during the period. Summit Global Investments boosted its stake in AutoZone by 132.8% in the 3rd quarter. Summit Global Investments now owns 319 shares of the company’s stock worth $1,369,000 after purchasing an additional 182 shares during the period. Numerai GP LLC boosted its stake in AutoZone by 1,199.3% in the 3rd quarter. Numerai GP LLC now owns 1,754 shares of the company’s stock worth $7,525,000 after purchasing an additional 1,619 shares during the period. Foundations Investment Advisors LLC acquired a new position in AutoZone in the 3rd quarter worth $678,000. Finally, Caprock Group LLC acquired a new position in AutoZone in the 3rd quarter worth $4,049,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

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.