AutoZone, Inc. $AZO Shares Sold by Saturna Capital Corp

Saturna Capital Corp lessened its holdings in AutoZone, Inc. (NYSE:AZO) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,931 shares of the company’s stock after selling 299 shares during the quarter. AutoZone accounts for about 1.8% of Saturna Capital Corp’s holdings, making the stock its 16th biggest position. Saturna Capital Corp owned approximately 0.25% of AutoZone worth $138,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AZO. Brighton Jones LLC raised its position in shares of AutoZone by 14.4% during the 4th quarter. Brighton Jones LLC now owns 111 shares of the company’s stock worth $356,000 after purchasing an additional 14 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of AutoZone during the 2nd quarter worth $356,000. Guggenheim Capital LLC increased its holdings in shares of AutoZone by 3.8% during the 2nd quarter. Guggenheim Capital LLC now owns 248 shares of the company’s stock worth $921,000 after buying an additional 9 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of AutoZone by 8.9% during the 2nd quarter. NewEdge Advisors LLC now owns 1,376 shares of the company’s stock worth $5,110,000 after buying an additional 112 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in AutoZone by 52.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 11,763 shares of the company’s stock worth $43,667,000 after purchasing an additional 4,039 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Key Stories Impacting AutoZone

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for AutoZone to $150.59 from $149.47, slightly above the consensus estimate of $150.18, suggesting the company may still meet or modestly beat current-year expectations.
• Neutral Sentiment: AutoZone’s recent earnings surprise remains a focal point for investors, with commentary suggesting the company outperformed expectations this quarter, helping support the longer-term bull case. What’s Behind AutoZone’s Earnings Surprise This Quarter?
• Negative Sentiment: Zacks Research trimmed multiple future EPS forecasts for AutoZone, including Q2 2027, Q3 2027, Q4 2027, Q1 2028, Q2 2028, Q3 2028, FY2027, and FY2028. That pattern suggests analysts see some moderation in earnings momentum over the medium term.

AutoZone Trading Down 0.7%

AZO stock opened at $3,114.30 on Thursday. AutoZone, Inc. has a 1 year low of $2,928.11 and a 1 year high of $4,388.11. The company has a fifty day simple moving average of $3,379.31 and a 200 day simple moving average of $3,522.92. The firm has a market cap of $51.32 billion, a PE ratio of 21.41, a PEG ratio of 1.59 and a beta of 0.35.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, May 26th. The company reported $38.07 earnings per share for the quarter, topping analysts’ consensus estimates of $36.22 by $1.85. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.86 billion. AutoZone had a net margin of 12.40% and a negative return on equity of 80.35%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $35.36 EPS. As a group, analysts forecast that AutoZone, Inc. will post 150.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on AZO shares. Mizuho decreased their price objective on shares of AutoZone from $3,600.00 to $3,200.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. The Goldman Sachs Group reduced their price target on shares of AutoZone from $4,345.00 to $4,096.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Morgan Stanley cut their target price on shares of AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. BMO Capital Markets dropped their price target on shares of AutoZone from $4,300.00 to $4,000.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Finally, Evercore reaffirmed an “outperform” rating on shares of AutoZone in a report on Tuesday, May 26th. One investment 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.com, AutoZone currently has a consensus rating of “Moderate Buy” and an average target price of $4,040.87.

Insider Buying and Selling

In other news, Director Brian Hannasch acquired 165 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $2,987.00 per share, with a total value of $492,855.00. Following the completion of the purchase, the director owned 1,219 shares of the company’s stock, valued at $3,641,153. This represents a 15.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Earl G. Graves, Jr. sold 50 shares of the company’s 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 transaction of $173,936.00. Following the transaction, the director owned 4,837 shares in the company, valued at $16,826,568.64. The trade was a 1.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.60% of the stock is currently owned by insiders.

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.