Jupiter Asset Management Ltd. Buys New Stake in AutoZone, Inc. $AZO

Jupiter Asset Management Ltd. bought a new stake in AutoZone, Inc. (NYSE:AZO) in the 4th quarter, Holdings Channel.com reports. The fund bought 533 shares of the company’s stock, valued at approximately $1,808,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Newport Capital Group LLC acquired a new stake in AutoZone in the 4th quarter valued at approximately $35,000. Carnegie Lake Advisors LLC increased its holdings in AutoZone by 7.7% in the 4th quarter. Carnegie Lake Advisors LLC now owns 461 shares of the company’s stock valued at $1,563,000 after purchasing an additional 33 shares during the last quarter. Flputnam Investment Management Co. increased its holdings in AutoZone by 4.4% in the 4th quarter. Flputnam Investment Management Co. now owns 95 shares of the company’s stock valued at $322,000 after purchasing an additional 4 shares during the last quarter. Allstate Corp increased its holdings in AutoZone by 108.9% in the 4th quarter. Allstate Corp now owns 1,247 shares of the company’s stock valued at $4,229,000 after purchasing an additional 650 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in AutoZone by 21.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 28 shares of the company’s stock valued at $95,000 after purchasing an additional 5 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AZO shares. Oppenheimer restated an “outperform” rating and issued a $4,300.00 price target (up from $4,150.00) on shares of AutoZone in a research note on Tuesday, March 10th. Roth Mkm dropped their price target on shares of AutoZone from $4,526.00 to $4,023.00 and set a “buy” rating for the company in a research note on Wednesday. Morgan Stanley dropped their price target on shares of AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating for the company in a research note on Wednesday. TD Cowen dropped their price target on shares of AutoZone from $4,250.00 to $3,700.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Weiss Ratings upgraded shares of AutoZone from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4,040.87.

AutoZone News Roundup

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.

Insider Buying and Selling at AutoZone

In other news, Director Brian Hannasch acquired 165 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was acquired at an average cost of $2,987.00 per share, with a total value of $492,855.00. Following the transaction, the director owned 1,219 shares in the company, valued at approximately $3,641,153. This trade represents a 15.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Earl G. Graves, Jr. sold 50 shares of AutoZone stock in a transaction on Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the sale, the director directly owned 4,837 shares of the company’s stock, valued at approximately $16,826,568.64. This trade represents a 1.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is currently owned by insiders.

AutoZone Stock Down 2.3%

NYSE:AZO opened at $2,936.42 on Friday. The company has a market cap of $48.39 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.49 and a beta of 0.43. The company has a fifty day simple moving average of $3,421.80 and a two-hundred day simple moving average of $3,565.71. AutoZone, Inc. has a 52 week low of $2,931.65 and a 52 week high of $4,388.11.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, May 26th. The company reported $38.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $36.22 by $1.85. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.86 billion. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $35.36 EPS. On average, analysts expect that AutoZone, Inc. will post 150.54 EPS for the current year.

AutoZone 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.