Zacks Research Brokers Raise Earnings Estimates for AutoZone

AutoZone, Inc. (NYSE:AZO) – Stock analysts at Zacks Research lifted their FY2026 earnings per share estimates for AutoZone in a research note issued to investors on Tuesday, June 9th. Zacks Research analyst Team now expects that the company will earn $150.59 per share for the year, up from their prior forecast of $149.47. The consensus estimate for AutoZone’s current full-year earnings is $150.18 per share. Zacks Research also issued estimates for AutoZone’s Q4 2026 earnings at $53.85 EPS, Q1 2027 earnings at $37.74 EPS, Q2 2027 earnings at $32.78 EPS, Q3 2027 earnings at $42.15 EPS, Q4 2027 earnings at $61.22 EPS, FY2027 earnings at $173.89 EPS, Q1 2028 earnings at $42.66 EPS, Q2 2028 earnings at $39.60 EPS, Q3 2028 earnings at $44.96 EPS and FY2028 earnings at $193.67 EPS.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, topping the consensus estimate of $36.22 by $1.85. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.86 billion. AutoZone had a negative return on equity of 80.35% and a net margin of 12.40%.AutoZone’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $35.36 earnings per share.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group decreased their price objective on shares of AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Raymond James Financial restated a “strong-buy” rating on shares of AutoZone in a research note on Wednesday, May 27th. Truist Financial set a $3,700.00 price target on AutoZone in a report on Wednesday, May 27th. Argus upgraded AutoZone from a “hold” rating to a “buy” rating and set a $4,325.00 price target on the stock in a research report on Monday, March 9th. Finally, The Goldman Sachs Group dropped their price objective on AutoZone from $4,345.00 to $4,096.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4,040.87.

AutoZone Stock Performance

Shares of NYSE AZO opened at $3,138.37 on Wednesday. The company has a market capitalization of $51.72 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 1.56 and a beta of 0.35. The company’s fifty day moving average price is $3,383.96 and its 200 day moving average price is $3,528.08. AutoZone has a 1 year low of $2,928.11 and a 1 year high of $4,388.11.

Insider Activity

In other news, Director Brian Hannasch bought 165 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $2,987.00 per share, for a total transaction of $492,855.00. Following the completion of 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Earl G. Graves, Jr. sold 50 shares of AutoZone stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total value of $173,936.00. Following the completion of the sale, the director directly owned 4,837 shares in the company, valued at $16,826,568.64. This represents a 1.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of AutoZone by 1.5% during the third quarter. Vanguard Group Inc. now owns 1,797,548 shares of the company’s stock worth $7,711,912,000 after buying an additional 26,544 shares in the last quarter. Morgan Stanley lifted its stake in shares of AutoZone by 17.8% in the fourth quarter. Morgan Stanley now owns 492,794 shares of the company’s stock worth $1,671,323,000 after buying an additional 74,555 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in AutoZone by 1.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 387,042 shares of the company’s stock worth $1,312,654,000 after acquiring an additional 7,390 shares during the last quarter. Norges Bank purchased a new stake in AutoZone during the 4th quarter valued at about $939,205,000. Finally, PineStone Asset Management Inc. grew its stake in AutoZone by 1.5% during the 4th quarter. PineStone Asset Management Inc. now owns 269,173 shares of the company’s stock valued at $912,900,000 after acquiring an additional 3,868 shares in the last quarter. Hedge funds and other institutional investors 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.