AutoZone (NYSE:AZO) Earns Neutral Rating from DA Davidson

DA Davidson reiterated their neutral rating on shares of AutoZone (NYSE:AZO) in a research report released on Monday morning, Benzinga reports. They currently have a $3,025.00 target price on the stock. DA Davidson also issued estimates for AutoZone’s Q1 2025 earnings at $32.04 EPS and FY2025 earnings at $182.46 EPS.

A number of other equities research analysts have also recently commented on AZO. Mizuho raised their target price on shares of AutoZone from $3,280.00 to $3,350.00 and gave the stock an outperform rating in a research note on Wednesday, September 25th. Truist Financial decreased their target price on shares of AutoZone from $3,394.00 to $3,341.00 and set a buy rating on the stock in a research note on Wednesday, September 25th. Oppenheimer restated a market perform rating and set a $2,600.00 target price on shares of AutoZone in a research note on Wednesday, June 26th. Citigroup decreased their target price on shares of AutoZone from $3,787.00 to $3,500.00 and set a buy rating on the stock in a research note on Wednesday, September 25th. Finally, Morgan Stanley raised their target price on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an overweight rating in a research note on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AutoZone presently has a consensus rating of Moderate Buy and an average price target of $3,169.38.

AutoZone Stock Performance

NYSE:AZO opened at $3,087.62 on Monday. The stock has a 50-day simple moving average of $3,133.42 and a two-hundred day simple moving average of $3,012.48. The firm has a market capitalization of $52.75 billion, a PE ratio of 21.35, a P/E/G ratio of 1.43 and a beta of 0.71. AutoZone has a 52-week low of $2,375.35 and a 52-week high of $3,256.37.

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

Insider Activity at AutoZone

In related news, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the completion of the transaction, the vice president now directly owns 1,218 shares of the company’s stock, valued at $3,785,166.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AZO. Rise Advisors LLC purchased a new position in AutoZone during the first quarter worth $32,000. Riverview Trust Co purchased a new position in AutoZone during the first quarter worth $41,000. Meeder Asset Management Inc. boosted its stake in AutoZone by 50.0% during the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock worth $44,000 after buying an additional 5 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in AutoZone during the second quarter worth $50,000. Finally, ORG Partners LLC purchased a new position in AutoZone during the second quarter worth $50,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

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.