Wedbush Issues Optimistic Forecast for AutoZone Earnings

AutoZone, Inc. (NYSE:AZO) – Equities research analysts at Wedbush lifted their Q2 2025 earnings per share (EPS) estimates for AutoZone in a research note issued on Monday, February 24th. Wedbush analyst S. Basham now anticipates that the company will post earnings of $30.50 per share for the quarter, up from their prior estimate of $29.83. The consensus estimate for AutoZone’s current full-year earnings is $152.94 per share. Wedbush also issued estimates for AutoZone’s FY2025 earnings at $152.10 EPS, FY2026 earnings at $171.54 EPS and FY2027 earnings at $197.84 EPS.

Several other brokerages have also recently issued reports on AZO. Evercore ISI boosted their price target on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Wells Fargo & Company boosted their price target on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Argus lifted their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Guggenheim lifted their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen lifted their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Stock Up 1.6 %

Shares of AZO stock opened at $3,448.29 on Wednesday. The stock has a market capitalization of $57.86 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70. AutoZone has a 52-week low of $2,728.97 and a 52-week high of $3,484.42. The stock’s 50-day moving average price is $3,332.11 and its 200 day moving average price is $3,214.44.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). The company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $32.55 EPS.

Institutional Investors Weigh In On AutoZone

Institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new position in AutoZone in the 4th quarter valued at $29,000. Flagship Wealth Advisors LLC acquired a new stake in shares of AutoZone during the 4th quarter worth $32,000. Harbour Investments Inc. increased its holdings in shares of AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after buying an additional 3 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone during the 3rd quarter worth $36,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of AutoZone during the 4th quarter worth $45,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

About AutoZone

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.