Corient Private Wealth LLC Decreases Stake in AutoZone, Inc. $AZO

Corient Private Wealth LLC reduced its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 12.5% during the fourth quarter, HoldingsChannel reports. The firm owned 12,741 shares of the company’s stock after selling 1,826 shares during the period. Corient Private Wealth LLC’s holdings in AutoZone were worth $43,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Turning Point Benefit Group Inc. bought a new stake in AutoZone in the 3rd quarter worth about $25,000. Torren Management LLC bought a new position in AutoZone during the 4th quarter valued at about $27,000. Transamerica Financial Advisors LLC lifted its stake in AutoZone by 100.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 8 shares of the company’s stock valued at $28,000 after acquiring an additional 4 shares during the period. MCF Advisors LLC boosted its holdings in shares of AutoZone by 50.0% during the 4th quarter. MCF Advisors LLC now owns 9 shares of the company’s stock valued at $31,000 after acquiring an additional 3 shares during the last quarter. Finally, Bard Associates Inc. purchased a new stake in shares of AutoZone during the 4th quarter valued at about $31,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AutoZone

In other AutoZone news, Director Brian Hannasch acquired 165 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was purchased at an average price of $2,987.00 per share, with a total value of $492,855.00. Following the transaction, the director directly owned 1,219 shares in the company, valued at approximately $3,641,153. The trade was a 15.65% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Earl G. Graves, Jr. sold 50 shares of the company’s stock in a transaction 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 $16,826,568.64. This trade represents a 1.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.60% of the company’s stock.

AutoZone Trading Down 0.0%

AZO opened at $3,064.22 on Monday. The company has a market cap of $50.04 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 1.55 and a beta of 0.35. The company’s 50 day moving average is $3,333.73 and its 200 day moving average is $3,481.20. AutoZone, Inc. has a 12-month low of $2,928.11 and a 12-month high of $4,388.11.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, beating analysts’ consensus estimates of $36.22 by $1.85. AutoZone had a net margin of 12.40% and a negative return on equity of 80.35%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the prior year, the company earned $35.36 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. As a group, analysts predict that AutoZone, Inc. will post 150.51 EPS for the current fiscal year.

AutoZone declared that its board has approved a stock repurchase program on Tuesday, June 16th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AZO. Evercore reiterated an “outperform” rating on shares of AutoZone in a research note on Tuesday, May 26th. TD Cowen restated a “buy” rating and issued a $3,700.00 target price on shares of AutoZone in a report on Thursday, June 4th. BMO Capital Markets dropped their target price on shares of AutoZone from $4,300.00 to $4,000.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Argus raised shares of AutoZone from a “hold” rating to a “buy” rating and set a $4,325.00 target price for the company in a research report on Monday, March 9th. Finally, JPMorgan Chase & Co. decreased their target price on shares of AutoZone from $4,300.00 to $3,850.00 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $4,040.87.

Key Headlines Impacting AutoZone

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.

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.