DA Davidson Issues Positive Outlook for AutoZone Earnings

AutoZone, Inc. (NYSE:AZO) – Stock analysts at DA Davidson lifted their Q3 2025 earnings per share (EPS) estimates for shares of AutoZone in a report issued on Thursday, March 6th. DA Davidson analyst M. Baker now forecasts that the company will earn $36.84 per share for the quarter, up from their prior forecast of $36.77. DA Davidson has a “Neutral” rating and a $3,500.00 price objective on the stock. The consensus estimate for AutoZone’s current full-year earnings is $152.94 per share.

A number of other analysts also recently weighed in on AZO. UBS Group increased their price objective on AutoZone from $3,875.00 to $4,025.00 and gave the company a “buy” rating in a report on Wednesday. Truist Financial increased their price target on AutoZone from $3,753.00 to $3,841.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup raised their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. BMO Capital Markets upped their target price on AutoZone from $3,700.00 to $3,850.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Guggenheim raised their price target on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $3,646.62.

AutoZone Stock Performance

AZO stock opened at $3,620.28 on Friday. The company has a market capitalization of $60.76 billion, a P/E ratio of 24.19, a PEG ratio of 1.86 and a beta of 0.71. The company has a fifty day moving average price of $3,365.96 and a 200-day moving average price of $3,229.85. AutoZone has a 52-week low of $2,728.97 and a 52-week high of $3,636.96.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion.

Insider Buying and Selling

In other news, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the sale, the senior vice president now owns 50 shares in the company, valued at $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On AutoZone

Large investors have recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in AutoZone by 18.1% during the third quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock worth $141,717,000 after buying an additional 6,898 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of AutoZone by 186.8% during the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock worth $292,544,000 after acquiring an additional 60,483 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of AutoZone by 29.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock worth $111,455,000 after acquiring an additional 7,922 shares during the last quarter. Silverleafe Capital Partners LLC lifted its position in AutoZone by 1.0% in the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock valued at $8,460,000 after acquiring an additional 26 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in AutoZone by 592.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company’s stock valued at $29,012,000 after purchasing an additional 7,879 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

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.