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

AutoZone, Inc. (NYSE:AZO) Director Brian Hannasch bought 165 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was purchased at an average price 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 represents a 15.65% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

AutoZone Trading Down 2.3%

Shares of AZO opened at $2,936.42 on Friday. The firm has a market cap of $48.38 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.53 and a beta of 0.43. The stock has a 50 day moving average of $3,421.80 and a 200-day 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 issued 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 company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.86 billion. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $35.36 EPS. On average, sell-side analysts predict that AutoZone, Inc. will post 150.58 earnings per share for the current fiscal year.

Institutional Trading of AutoZone

Several hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC increased its position in shares of AutoZone by 6.3% in the second quarter. Lazard Asset Management LLC now owns 51 shares of the company’s stock valued at $189,000 after acquiring an additional 3 shares during the period. SYM FINANCIAL Corp increased its position in shares of AutoZone by 3.6% in the third quarter. SYM FINANCIAL Corp now owns 86 shares of the company’s stock valued at $369,000 after acquiring an additional 3 shares during the period. Assetmark Inc. increased its position in shares of AutoZone by 1.4% in the third quarter. Assetmark Inc. now owns 212 shares of the company’s stock valued at $908,000 after acquiring an additional 3 shares during the period. Camden National Bank increased its position in shares of AutoZone by 3.6% in the third quarter. Camden National Bank now owns 86 shares of the company’s stock valued at $369,000 after acquiring an additional 3 shares during the period. Finally, Crestwood Advisors Group LLC increased its position in shares of AutoZone by 1.7% in the third quarter. Crestwood Advisors Group LLC now owns 184 shares of the company’s stock valued at $791,000 after acquiring an additional 3 shares during the period. Institutional investors own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AZO. Weiss Ratings upgraded AutoZone from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Guggenheim reduced their price objective on AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. reduced their price objective on AutoZone from $4,300.00 to $3,850.00 and set an “overweight” rating for the company in a research report on Wednesday. Citigroup reduced their price objective on AutoZone from $4,300.00 to $3,700.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Morgan Stanley reduced their price objective on AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $4,040.87.

Key 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.

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.