Illinois Municipal Retirement Fund Has $20.52 Million Position in AutoZone, Inc. $AZO

Illinois Municipal Retirement Fund cut its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 2.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,051 shares of the company’s stock after selling 168 shares during the period. Illinois Municipal Retirement Fund’s holdings in AutoZone were worth $20,522,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Turning Point Benefit Group Inc. acquired a new stake in shares of AutoZone in the third quarter valued at about $25,000. Torren Management LLC acquired a new position in AutoZone during the fourth quarter valued at approximately $27,000. MCF Advisors LLC grew its stake in AutoZone by 50.0% in the fourth quarter. MCF Advisors LLC now owns 9 shares of the company’s stock valued at $31,000 after purchasing an additional 3 shares in the last quarter. Newport Capital Group LLC bought a new position in AutoZone in the fourth quarter valued at approximately $35,000. Finally, Elevated Capital Advisors LLC acquired a new position in shares of AutoZone during the 4th quarter worth approximately $37,000. Institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

AZO has been the subject of several recent analyst reports. Evercore reissued an “outperform” rating on shares of AutoZone in a report on Tuesday, May 26th. The Goldman Sachs Group lowered their target price on shares of AutoZone from $4,345.00 to $4,096.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. UBS Group set a $4,800.00 price target on shares of AutoZone in a research report on Tuesday, March 3rd. Roth Mkm cut their price target on shares of AutoZone from $4,526.00 to $4,023.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Finally, BMO Capital Markets lowered their price objective 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. One equities research 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’s stock. According to MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and an average price target of $4,040.87.

AutoZone Trading Down 0.7%

AZO stock opened at $3,114.30 on Thursday. The firm has a market capitalization of $51.32 billion, a PE ratio of 21.41, a PEG ratio of 1.59 and a beta of 0.35. AutoZone, Inc. has a 1-year low of $2,928.11 and a 1-year high of $4,388.11. The business’s 50 day simple moving average is $3,379.31 and its 200 day simple moving average is $3,522.92.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, May 26th. The company reported $38.07 earnings per share (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 business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter last year, the firm posted $35.36 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts predict that AutoZone, Inc. will post 150.26 EPS for the current fiscal year.

Insider Activity

In related news, Director Earl G. Graves, Jr. sold 50 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total value of $173,936.00. Following the transaction, the director owned 4,837 shares in the company, valued at approximately $16,826,568.64. This represents a 1.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Hannasch purchased 165 shares of the stock in a transaction on Friday, May 29th. The stock was bought at an average cost of $2,987.00 per share, for a total transaction of $492,855.00. Following the completion of the acquisition, the director owned 1,219 shares in the company, valued at approximately $3,641,153. This trade represents a 15.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.60% of the stock is owned by corporate insiders.

AutoZone News Roundup

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 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.