AutoZone (NYSE:AZO) Receives “Neutral” Rating from DA Davidson

AutoZone (NYSE:AZO)‘s stock had its “neutral” rating reaffirmed by stock analysts at DA Davidson in a research report issued on Monday, Benzinga reports. They currently have a $3,025.00 target price on the stock. DA Davidson’s price target would suggest a potential downside of 4.40% from the stock’s current price. DA Davidson also issued estimates for AutoZone’s Q1 2025 earnings at $32.04 EPS and FY2025 earnings at $182.46 EPS.

Other equities analysts have also recently issued reports about the company. Wedbush reiterated an “outperform” rating and issued a $3,200.00 target price on shares of AutoZone in a report on Thursday, September 19th. Guggenheim lifted their price objective on AutoZone from $3,225.00 to $3,350.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. StockNews.com lowered AutoZone from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. Mizuho boosted their price objective on AutoZone from $3,280.00 to $3,350.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Finally, Citigroup cut their price objective on AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and a consensus price target of $3,169.38.

AutoZone Price Performance

AZO traded down $32.40 on Monday, hitting $3,164.21. 12,658 shares of the stock were exchanged, compared to its average volume of 141,609. The firm has a market capitalization of $54.05 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.43 and a beta of 0.71. AutoZone has a 12 month low of $2,375.35 and a 12 month high of $3,256.37. The business has a 50-day moving average of $3,121.63 and a two-hundred day moving average of $3,011.39.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20). The firm had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.25 billion. AutoZone had a net margin of 14.60% and a negative return on equity of 54.58%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $46.46 EPS. Equities research analysts expect that AutoZone will post 151.08 earnings per share for the current fiscal year.

Insider Activity

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the transaction, the vice president now owns 1,218 shares of the company’s stock, valued at $3,785,166.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of AutoZone

Several institutional investors have recently made changes to their positions in the business. PineStone Asset Management Inc. lifted its stake in shares of AutoZone by 137.6% during the 2nd quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock worth $918,998,000 after acquiring an additional 179,543 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in AutoZone during the 2nd quarter worth $424,000. Captrust Financial Advisors grew its stake in AutoZone by 564.2% during the 1st quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock worth $479,338,000 after buying an additional 129,193 shares during the last quarter. Baillie Gifford & Co. grew its stake in AutoZone by 2,714.8% during the 2nd quarter. Baillie Gifford & Co. now owns 120,194 shares of the company’s stock valued at $356,267,000 after purchasing an additional 115,924 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in AutoZone by 106.7% during the 1st quarter. Bessemer Group Inc. now owns 117,891 shares of the company’s stock valued at $371,552,000 after purchasing an additional 60,852 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.