Equities Analysts Issue Forecasts for AutoZone Q1 Earnings

AutoZone, Inc. (NYSE:AZO) – Analysts at Roth Capital cut their Q1 2026 earnings estimates for AutoZone in a research report issued to clients and investors on Monday, June 2nd. Roth Capital analyst S. Stember now expects that the company will earn $37.93 per share for the quarter, down from their previous estimate of $38.46. The consensus estimate for AutoZone’s current full-year earnings is $152.94 per share. Roth Capital also issued estimates for AutoZone’s Q2 2026 earnings at $32.19 EPS, FY2026 earnings at $169.98 EPS and FY2027 earnings at $192.34 EPS.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 earnings per share for the quarter, missing the consensus estimate of $37.07 by ($1.71). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same quarter in the previous year, the company posted $36.69 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis.

Several other research analysts also recently weighed in on the stock. The Goldman Sachs Group set a $3,811.00 price objective on shares of AutoZone in a report on Friday, May 23rd. Truist Financial set a $3,995.00 target price on shares of AutoZone in a report on Friday, May 23rd. Morgan Stanley reiterated an “overweight” rating and issued a $4,000.00 target price (up previously from $3,750.00) on shares of AutoZone in a report on Wednesday, May 28th. Oppenheimer upgraded shares of AutoZone from a “market perform” rating to an “outperform” rating and set a $4,600.00 target price for the company in a report on Friday, May 2nd. Finally, Argus downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $4,054.52.

AutoZone Trading Up 0.4%

AZO opened at $3,749.30 on Tuesday. The company’s fifty day moving average price is $3,700.21 and its two-hundred day moving average price is $3,475.49. AutoZone has a 1-year low of $2,728.97 and a 1-year high of $3,916.81. The company has a market cap of $62.92 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.86 and a beta of 0.44.

Hedge Funds Weigh In On AutoZone

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in AutoZone by 0.8% during the first quarter. Vanguard Group Inc. now owns 1,759,862 shares of the company’s stock worth $6,709,967,000 after purchasing an additional 13,643 shares during the period. JPMorgan Chase & Co. boosted its position in AutoZone by 7.5% during the first quarter. JPMorgan Chase & Co. now owns 936,401 shares of the company’s stock worth $3,570,296,000 after purchasing an additional 65,368 shares during the period. GAMMA Investing LLC boosted its position in AutoZone by 435,031.1% during the first quarter. GAMMA Investing LLC now owns 770,182 shares of the company’s stock worth $2,936,535,000 after purchasing an additional 770,005 shares during the period. Proficio Capital Partners LLC boosted its position in shares of AutoZone by 482,040.2% in the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock valued at $1,343,117,000 after acquiring an additional 419,375 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of AutoZone by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 349,317 shares of the company’s stock valued at $1,331,870,000 after acquiring an additional 24,701 shares during the period. Institutional investors own 92.74% of the company’s stock.

Insider Activity at AutoZone

In other AutoZone news, CEO Philip B. Daniele sold 2,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the completion of the transaction, the chief executive officer now owns 163 shares in the company, valued at $619,401.63. This trade represents a 92.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jamere Jackson sold 2,612 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $3,728.05, for a total transaction of $9,737,666.60. Following the transaction, the chief financial officer now owns 427 shares of the company’s stock, valued at $1,591,877.35. This represents a 85.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,133 shares of company stock worth $51,914,997. 2.10% of the stock is owned by company insiders.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.