AutoZone, Inc. $AZO Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its holdings in AutoZone, Inc. (NYSE:AZO) by 247,417.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 249,993 shares of the company’s stock after purchasing an additional 249,892 shares during the quarter. AutoZone comprises 3.5% of Envestnet Portfolio Solutions Inc.’s holdings, making the stock its 4th largest holding. Envestnet Portfolio Solutions Inc.’s holdings in AutoZone were worth $798,963,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AZO. Arrowroot Family Office LLC boosted its holdings in shares of AutoZone by 5.4% during the 4th quarter. Arrowroot Family Office LLC now owns 59 shares of the company’s stock worth $200,000 after buying an additional 3 shares in the last quarter. MCF Advisors LLC increased its stake in shares of AutoZone by 50.0% in 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 in the last quarter. IVC Wealth Advisors LLC increased its stake in shares of AutoZone by 2.9% in the 1st quarter. IVC Wealth Advisors LLC now owns 107 shares of the company’s stock valued at $361,000 after acquiring an additional 3 shares in the last quarter. Pure Financial Advisors LLC increased its stake in shares of AutoZone by 2.4% in the 4th quarter. Pure Financial Advisors LLC now owns 127 shares of the company’s stock valued at $430,000 after acquiring an additional 3 shares in the last quarter. Finally, Petredis Investment Advisors LLC lifted its position in shares of AutoZone by 0.4% during the 1st quarter. Petredis Investment Advisors LLC now owns 762 shares of the company’s stock valued at $2,574,000 after acquiring an additional 3 shares during the period. 92.74% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AutoZone news, VP Dennis LeRiche sold 1,455 shares of the company’s stock in a transaction on 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 transaction, the vice president owned 441 shares in the company, valued at approximately $1,367,100. This represents a 76.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AZO. JPMorgan Chase & Co. cut their target price on shares of AutoZone from $4,300.00 to $3,850.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. Mizuho decreased their price target on shares of AutoZone from $3,200.00 to $3,000.00 and set a “neutral” rating for the company in a research note on Wednesday. Robert W. Baird dropped their price objective on shares of AutoZone from $3,600.00 to $3,400.00 and set a “neutral” rating on the stock in a report on Wednesday. Citigroup cut their price objective on shares of AutoZone from $3,700.00 to $3,450.00 and set a “buy” rating on the stock in a research report on Monday, September 14th. Finally, BNP Paribas Exane reduced their target price on AutoZone from $4,478.00 to $3,979.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3,724.58.

AutoZone Price Performance

Shares of NYSE:AZO traded down $46.57 during trading on Wednesday, reaching $2,848.16. 652,550 shares of the stock were exchanged, compared to its average volume of 261,270. AutoZone, Inc. has a 1-year low of $2,764.88 and a 1-year high of $4,332.68. The stock has a fifty day moving average of $2,986.72 and a two-hundred day moving average of $3,205.00. The firm has a market cap of $46.51 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 1.41 and a beta of 0.34.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, September 22nd. The company reported $56.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $55.51. AutoZone had a negative return on equity of 80.35% and a net margin of 12.40%.The company had revenue of $6.59 billion for the quarter, compared to analysts’ expectations of $6.70 billion. During the same period last year, the business earned $48.71 EPS. AutoZone’s quarterly revenue was up 5.6% compared to the same quarter last year. Sell-side analysts forecast that AutoZone, Inc. will post 150.61 EPS for the current year.

AutoZone declared that its Board of Directors has authorized a stock buyback plan on Tuesday, June 16th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the company to buy up to 3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

AutoZone News Roundup

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: AutoZone reported fiscal fourth-quarter diluted EPS of $56.05, up from $48.71 a year earlier and above analyst expectations. Net sales rose 5.6% to approximately $6.6 billion, while operating profit increased 10.1% to $1.3 billion. AutoZone fourth-quarter results
• Positive Sentiment: Gross margin improved to 53.3%, helped by tariff refunds and a favorable non-cash LIFO comparison. The company also repurchased about $697.5 million of stock and opened 175 stores during the quarter, supporting per-share results and its long-term expansion strategy. AutoZone earnings and margin gains
• Positive Sentiment: Management said AutoZone is well positioned for sales growth in fiscal 2027, with commercial sales and international operations providing momentum. International same-store sales increased 10.7%, and investors have viewed the company as gaining market share while expanding its store network. Why AutoZone stock rallied
• Neutral Sentiment: Analysts remain broadly constructive, but several firms lowered their targets after the report: Roth Capital cut its target to $3,850, while BMO Capital Markets and DA Davidson reduced theirs to $3,500. Raymond James, Roth and DA Davidson retained bullish ratings, while Mizuho and Baird maintained neutral ratings. AutoZone analyst target changes
• Negative Sentiment: Revenue fell short of consensus estimates, and same-store sales growth was modest at 1.5% on a constant-currency basis domestically and internationally combined. Investors are concerned that the earnings beat was partly driven by tariff refunds and accounting benefits rather than solely by underlying demand. AutoZone earnings beat and sales miss

AutoZone Profile

AutoZone, Inc is a retailer and distributor of automotive replacement parts, accessories, and maintenance products. The company serves do-it-yourself customers, professional service technicians, and commercial repair businesses through its stores, distribution network, and online platform.

Its product offerings include replacement parts such as batteries, brakes, engine components, and ignition products, along with tools, fluids, filters, and other automotive accessories. AutoZone also provides services such as parts lookup, diagnostic assistance, battery testing and charging, and loaner tools for eligible repairs.

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