AutoZone (NYSE:AZO) Price Target Cut to $4,526.00 by Analysts at Roth Mkm

AutoZone (NYSE:AZO) had its price target cut by investment analysts at Roth Mkm from $4,650.00 to $4,526.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. Roth Mkm’s price target points to a potential upside of 22.52% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. DA Davidson cut their price target on shares of AutoZone from $4,500.00 to $4,100.00 and set a “buy” rating on the stock in a report on Tuesday. Oppenheimer cut their target price on shares of AutoZone from $4,600.00 to $4,150.00 and set an “outperform” rating on the stock in a research note on Friday, January 9th. TD Cowen restated a “buy” rating on shares of AutoZone in a report on Monday, February 23rd. JPMorgan Chase & Co. increased their price target on AutoZone from $4,100.00 to $4,300.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Finally, Zacks Research upgraded AutoZone from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $4,279.00.

AutoZone Stock Up 1.6%

Shares of AZO stock traded up $56.80 on Wednesday, reaching $3,693.97. 10,109 shares of the stock were exchanged, compared to its average volume of 166,450. AutoZone has a 1-year low of $3,210.72 and a 1-year high of $4,388.11. The stock has a market cap of $61.21 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 1.85 and a beta of 0.41. The firm has a 50 day moving average of $3,607.18 and a two-hundred day moving average of $3,825.54.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 EPS for the quarter, topping analysts’ consensus estimates of $27.59 by $0.04. The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.31 billion. AutoZone had a negative return on equity of 65.38% and a net margin of 12.78%.The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $28.29 EPS. On average, equities research analysts predict that AutoZone will post 152.94 EPS for the current fiscal year.

Insider Activity

In other AutoZone news, Director Michael A. George acquired 145 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were bought at an average cost of $3,398.13 per share, for a total transaction of $492,728.85. Following the acquisition, the director directly owned 566 shares of the company’s stock, valued at $1,923,341.58. This trade represents a 34.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard Craig Smith sold 5,910 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $3,700.00, for a total value of $21,867,000.00. Following the transaction, the vice president owned 2,627 shares of the company’s stock, valued at approximately $9,719,900. This trade represents a 69.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have acquired 347 shares of company stock worth $1,179,256 and have sold 9,447 shares worth $34,179,923. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On AutoZone

A number of institutional investors have recently modified their holdings of AZO. Turning Point Benefit Group Inc. acquired a new position in AutoZone during the 3rd quarter valued at approximately $25,000. Raleigh Capital Management Inc. bought a new stake in AutoZone in the third quarter valued at $26,000. Torren Management LLC acquired a new position in shares of AutoZone during the fourth quarter valued at $27,000. Transamerica Financial Advisors LLC grew its position in shares of AutoZone by 100.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 8 shares of the company’s stock worth $28,000 after acquiring an additional 4 shares during the last quarter. Finally, Global Trust Asset Management LLC lifted its position in AutoZone by 600.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock valued at $30,000 after purchasing an additional 6 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

More AutoZone News

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Small EPS beat and revenue growth: AutoZone reported EPS of $27.63, slightly above consensus, and total net sales rose ~8.1% year-over-year, showing underlying demand. MarketBeat Earnings
• Positive Sentiment: Same-store sales improvement: Total company same-store sales increased ~3.3% (domestic ~3.4%), indicating continued traffic and resiliency in core retail operations. GlobeNewswire Release
• Positive Sentiment: Analyst support remains: DA Davidson kept a Buy rating while trimming its price target (from $4,500 to $4,100), signaling some analysts view the pullback as a buying opportunity. MarketScreener
• Neutral Sentiment: Management commentary and call details: The earnings call/transcript reviewed operational drivers and margin dynamics; useful for longer‑term positioning but did not materially change near-term outlook. Seeking Alpha Transcript
• Negative Sentiment: Revenue missed expectations: Net sales of ~$4.27B came in below the ~ $4.31B analyst consensus, which investors view as a key miss given AutoZone’s size and recent growth run. Yahoo Finance Sales Report
• Negative Sentiment: Margin pressure and profit decline: Company cited inflationary headwinds and margin compression; second-quarter profit fell and net margin weakened, a major driver of investor concern about near-term profitability. Reuters
• Negative Sentiment: Operational headwinds and market reaction: Winter storms were called out as a sales headwind and investors sold off sharply after the revenue miss and margin commentary (coverage notes report a ~9% intraday drop), amplifying the stock decline. WSJ

AutoZone Company Profile

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.