FY2027 Earnings Estimate for AutoZone Issued By DA Davidson

AutoZone, Inc. (NYSE:AZO) – Stock analysts at DA Davidson issued their FY2027 earnings per share estimates for shares of AutoZone in a note issued to investors on Friday, November 7th. DA Davidson analyst M. Baker expects that the company will post earnings per share of $174.71 for the year. The consensus estimate for AutoZone’s current full-year earnings is $152.94 per share.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, September 23rd. The company reported $48.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $50.52 by ($1.81). AutoZone had a negative return on equity of 60.49% and a net margin of 13.19%.The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.26 billion. During the same period in the prior year, the company earned $51.58 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year.

Several other equities analysts have also commented on AZO. Wells Fargo & Company reduced their target price on shares of AutoZone from $4,800.00 to $4,700.00 and set an “overweight” rating on the stock in a report on Wednesday, September 24th. BNP Paribas Exane raised their price objective on AutoZone from $4,155.00 to $4,811.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. The Goldman Sachs Group lifted their price objective on AutoZone from $3,894.00 to $4,090.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. BMO Capital Markets increased their target price on AutoZone from $4,100.00 to $4,600.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Finally, JPMorgan Chase & Co. lifted their price target on AutoZone from $4,200.00 to $4,850.00 and gave the stock an “overweight” rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4,544.68.

AutoZone Stock Performance

Shares of AZO opened at $3,715.69 on Monday. The firm has a market cap of $61.80 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.75 and a beta of 0.37. AutoZone has a fifty-two week low of $3,036.40 and a fifty-two week high of $4,388.11. The firm has a 50 day moving average price of $4,052.26 and a 200-day moving average price of $3,886.73.

AutoZone announced that its board has authorized a stock buyback plan on Wednesday, October 8th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at AutoZone

In other news, SVP K. Michelle Borninkhof sold 300 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $3,775.00, for a total transaction of $1,132,500.00. Following the transaction, the senior vice president directly owned 416 shares of the company’s stock, valued at approximately $1,570,400. The trade was a 41.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Scott Murphy sold 2,860 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $4,175.70, for a total value of $11,942,502.00. Following the transaction, the vice president owned 1,244 shares of the company’s stock, valued at approximately $5,194,570.80. This represents a 69.69% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 5,693 shares of company stock worth $23,259,891. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AutoZone

Institutional investors and hedge funds have recently modified their holdings of the stock. Raleigh Capital Management Inc. purchased a new position in shares of AutoZone during the third quarter valued at about $26,000. AlphaCore Capital LLC bought a new stake in AutoZone during the 1st quarter valued at approximately $27,000. Saudi Central Bank bought a new stake in AutoZone during the 1st quarter valued at approximately $27,000. Aspect Partners LLC grew its holdings in shares of AutoZone by 700.0% during the 2nd quarter. Aspect Partners LLC now owns 8 shares of the company’s stock worth $30,000 after acquiring an additional 7 shares during the period. Finally, Global Trust Asset Management LLC raised its position in shares of AutoZone by 600.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock worth $30,000 after acquiring an additional 6 shares in the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

About AutoZone

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.