Hsbc Holdings PLC Sells 13,048 Shares of AutoZone, Inc. $AZO

Hsbc Holdings PLC cut its holdings in AutoZone, Inc. (NYSE:AZO) by 25.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,961 shares of the company’s stock after selling 13,048 shares during the quarter. Hsbc Holdings PLC owned approximately 0.23% of AutoZone worth $128,767,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of AutoZone by 6.6% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,966 shares of the company’s stock worth $21,315,000 after buying an additional 306 shares during the last quarter. Numerai GP LLC lifted its stake in shares of AutoZone by 1,199.3% in the 3rd quarter. Numerai GP LLC now owns 1,754 shares of the company’s stock valued at $7,525,000 after acquiring an additional 1,619 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of AutoZone during the 4th quarter valued at $1,808,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its holdings in shares of AutoZone by 15.2% during the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 14,224 shares of the company’s stock valued at $48,241,000 after acquiring an additional 1,882 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in AutoZone by 67.1% during the 4th quarter. CIBC Asset Management Inc now owns 3,941 shares of the company’s stock worth $13,366,000 after acquiring an additional 1,582 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of recent research reports. TD Cowen reaffirmed a “buy” rating and issued a $3,700.00 target price on shares of AutoZone in a report on Thursday, June 4th. UBS Group set a $4,800.00 price target on AutoZone in a research note on Tuesday, March 3rd. DA Davidson reduced their price target on AutoZone from $4,300.00 to $3,750.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of AutoZone in a research note on Wednesday, May 27th. Finally, Roth Mkm dropped their price objective on shares of AutoZone from $4,526.00 to $4,023.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and a consensus price target of $4,040.87.

More AutoZone News

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Zacks Research lifted AutoZone’s FY2026 EPS estimate to $151.37 from $150.59, slightly above the current consensus, suggesting steady near-term earnings strength.
• Positive Sentiment: The firm also raised FY2027 EPS to $174.73, Q4 2027 EPS to $61.70, and FY2028 EPS to $197.32, pointing to continued long-term earnings growth.
• Positive Sentiment: Several quarterly estimates were increased, including Q1 2027, Q4 2026, Q1 2028, Q2 2028, and Q3 2028, reinforcing the view that analysts see AutoZone delivering stronger-than-expected results over time.
• Neutral Sentiment: Despite the optimistic estimate revisions, the stock remains well below its 52-week high, so investor sentiment may still be tempered by valuation and broader market positioning.
• Negative Sentiment: Zacks also trimmed one estimate — Q2 2027 EPS was lowered to $32.61 from $32.78 — which is a small offset to the otherwise positive revisions.

Insider Buying and Selling

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of the firm’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 value of $173,936.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brian Hannasch acquired 165 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were purchased at an average price of $2,987.00 per share, with a total value of $492,855.00. Following the acquisition, the director owned 1,219 shares of the company’s stock, valued at approximately $3,641,153. This represents a 15.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.60% of the company’s stock.

AutoZone Trading Down 0.0%

Shares of AutoZone stock opened at $3,064.22 on Monday. The company has a market cap of $50.04 billion, a P/E ratio of 21.07, a PEG ratio of 1.55 and a beta of 0.35. The business has a 50-day moving average price of $3,333.73 and a two-hundred day moving average price of $3,481.20. AutoZone, Inc. has a 1-year low of $2,928.11 and a 1-year 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, beating the consensus estimate of $36.22 by $1.85. AutoZone had a negative return on equity of 80.35% and a net margin of 12.40%.The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period last year, the business posted $35.36 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts forecast that AutoZone, Inc. will post 150.51 EPS for the current fiscal year.

AutoZone declared that its Board of Directors has initiated a share repurchase plan on Tuesday, June 16th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to repurchase up to 3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

AutoZone 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.