Rep. Rick W. Allen Sells Off Shares of AutoZone, Inc. (NYSE:AZO)

Representative Rick W. Allen (Republican-Georgia) recently sold shares of AutoZone, Inc. (NYSE:AZO). In a filing disclosed on October 14th, the Representative disclosed that they had sold between $15,001 and $50,000 in AutoZone stock on September 22nd. The trade occurred in the Representative’s “R.W. ALLEN & ASSOCIATES, INC. > RWA&A – SECURITIES” account.

Representative Rick W. Allen also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 9/18/2026.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 8/12/2026.
• Purchased $1,001 – $15,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 8/12/2026.
• Sold $15,001 – $50,000 in shares of Rollins (NYSE:ROL) on 8/12/2026.

AutoZone Stock Up 5.1%

Shares of AutoZone stock opened at $3,059.96 on Friday. The business has a 50 day moving average of $2,937.61 and a 200 day moving average of $3,131.77. AutoZone, Inc. has a 52 week low of $2,730.65 and a 52 week high of $4,047.41. The company has a market cap of $49.97 billion, a PE ratio of 20.03, a P/E/G ratio of 1.35 and a beta of 0.40.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, September 22nd. The company reported $56.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $55.51. AutoZone had a net margin of 12.65% and a negative return on equity of 90.08%. The firm had revenue of $6.59 billion for the quarter, compared to analyst estimates of $6.70 billion. During the same quarter in the previous year, the firm posted $48.71 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, research analysts anticipate that AutoZone, Inc. will post 171.50 earnings per share for the current year.

Institutional Investors Weigh In On AutoZone

Several hedge funds have recently bought and sold shares of AZO. Benchmark Investment Advisors LLC purchased a new stake in shares of AutoZone in the second quarter worth $713,000. CYBER HORNET ETFs LLC increased its holdings in shares of AutoZone by 33,193.5% during the second quarter. CYBER HORNET ETFs LLC now owns 15,315 shares of the company’s stock valued at $48,946,000 after acquiring an additional 15,269 shares in the last quarter. Nykredit A S purchased a new position in shares of AutoZone in the 2nd quarter worth about $27,287,000. Bank of America Corp DE purchased a new position in shares of AutoZone in the 2nd quarter worth about $233,576,000. Finally, Engineers Gate Manager LP raised its position in shares of AutoZone by 923.1% in the 2nd quarter. Engineers Gate Manager LP now owns 1,238 shares of the company’s stock worth $3,957,000 after purchasing an additional 1,117 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

Insider Transactions at AutoZone

In related news, VP Dennis LeRiche sold 1,455 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $3,100.00, for a total transaction of $4,510,500.00. Following the sale, the vice president directly owned 441 shares of the company’s stock, valued at approximately $1,367,100. This represents a 76.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AZO has been the topic of a number of research analyst reports. Guggenheim reduced their target price on AutoZone from $4,000.00 to $3,750.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. UBS Group set a $3,850.00 target price on AutoZone in a research note on Wednesday, September 23rd. The Goldman Sachs Group lowered their target price on AutoZone from $4,096.00 to $3,917.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. Barclays dropped their price target on AutoZone from $3,637.00 to $3,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 23rd. Finally, Roth Capital reduced their price target on AutoZone from $4,023.00 to $3,850.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $3,669.12.

About Representative Allen

Rick Allen (Republican Party) is a member of the U.S. House, representing Georgia’s 12th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Allen (Republican Party) ran for re-election to the U.S. House to represent Georgia’s 12th Congressional District. He won in the general election on November 5, 2024.

Allen was born in Augusta, Georgia, in 1951. He attended Auburn University in Alabama, graduating in 1973 with a B.S. in building construction.

After earning his degree, Allen worked as an estimator, project administrator and assistant to the president with a construction firm in Augusta. In 1976, he founded his own construction business, R. W. Allen & Associates, Inc. The company operates in six states across the country. In 2008, Allen was presented with the Augusta Metro Chamber of Commerce’s Small Business Person of the Year award.

About AutoZone

AutoZone, Inc is a specialty retailer of automotive replacement parts, accessories and maintenance products. The company serves do-it-yourself customers as well as professional automotive repair shops, offering products such as batteries, brakes, filters, engine components, tools, fluids and other vehicle parts.

In addition to its retail stores, AutoZone provides commercial sales and delivery services for professional repair businesses. The company also operates ALLDATA, which offers automotive diagnostic, repair and shop-management software and information services to repair professionals.

Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone operates primarily in the United States, with additional stores and operations in Mexico and Brazil.