AutoZone, Inc. $AZO Shares Sold by Savant Capital LLC

Savant Capital LLC cut its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 33.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 673 shares of the company’s stock after selling 342 shares during the quarter. Savant Capital LLC’s holdings in AutoZone were worth $2,283,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AZO. Northwestern Mutual Wealth Management Co. lifted its position in AutoZone by 387.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 77,792 shares of the company’s stock worth $263,832,000 after buying an additional 61,821 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in AutoZone by 39.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 176,986 shares of the company’s stock worth $584,730,000 after buying an additional 50,071 shares during the period. AQR Capital Management LLC lifted its position in AutoZone by 80.8% during the third quarter. AQR Capital Management LLC now owns 101,185 shares of the company’s stock worth $432,059,000 after buying an additional 45,212 shares during the period. Victory Capital Management Inc. lifted its position in AutoZone by 401.2% during the third quarter. Victory Capital Management Inc. now owns 51,803 shares of the company’s stock worth $222,247,000 after buying an additional 41,467 shares during the period. Finally, Vanguard Group Inc. lifted its position in 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 during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other AutoZone news, Director Brian Hannasch acquired 165 shares of the stock in a transaction on Friday, May 29th. The stock was purchased at an average price of $2,987.00 per share, for a total transaction of $492,855.00. Following the purchase, the director directly owned 1,219 shares in the company, valued at $3,641,153. This trade represents a 15.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Earl G. Graves, Jr. sold 50 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total value of $173,936.00. Following the sale, the director 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 position. The SEC filing for this sale provides additional information. Company insiders own 2.60% of the company’s stock.

Key Headlines Impacting AutoZone

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.

AutoZone Stock Performance

Shares of NYSE:AZO opened at $2,936.42 on Monday. The company has a market cap of $48.39 billion, a P/E ratio of 20.19, a PEG ratio of 1.49 and a beta of 0.35. AutoZone, Inc. has a one year low of $2,931.65 and a one year high of $4,388.11. The business’s 50-day simple moving average is $3,421.80 and its 200 day simple moving average is $3,564.57.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, beating the consensus estimate of $36.22 by $1.85. The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.86 billion. AutoZone had a negative return on equity of 77.83% and a net margin of 12.40%.The company’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the business posted $35.36 EPS. Analysts predict that AutoZone, Inc. will post 150.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AZO. Raymond James Financial reiterated a “strong-buy” rating on shares of AutoZone in a research report on Wednesday. Mizuho reduced their target price on AutoZone from $3,600.00 to $3,200.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. TD Cowen reduced their target price on AutoZone from $4,250.00 to $3,700.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Oppenheimer reiterated an “outperform” rating and set a $4,300.00 target price (up from $4,150.00) on shares of AutoZone in a research report on Tuesday, March 10th. Finally, BNP Paribas Exane reduced their target price on AutoZone from $4,478.00 to $3,979.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. One equities research 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $4,040.87.

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.