Zacks Research Increases Earnings Estimates for AutoZone

AutoZone, Inc. (NYSE:AZO) – Equities researchers at Zacks Research raised their FY2026 earnings estimates for shares of AutoZone in a report issued on Wednesday, June 17th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $151.37 for the year, up from their previous forecast of $150.59. The consensus estimate for AutoZone’s current full-year earnings is $150.45 per share. Zacks Research also issued estimates for AutoZone’s Q1 2027 earnings at $37.78 EPS and Q2 2027 earnings at $32.61 EPS.

Several other analysts have also recently commented on AZO. Citigroup lowered their target price on AutoZone from $4,300.00 to $3,700.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Oppenheimer reiterated an “outperform” rating and set a $4,300.00 price target (up from $4,150.00) on shares of AutoZone in a research report on Tuesday, March 10th. Roth Mkm decreased their price target on AutoZone from $4,526.00 to $4,023.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. BNP Paribas Exane cut their price objective on shares of AutoZone from $4,478.00 to $3,979.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Finally, Morgan Stanley reduced their price objective on shares of AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating for the company in a report 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,040.87.

AutoZone Trading Down 2.2%

AZO opened at $3,058.27 on Thursday. The business’s 50 day moving average is $3,348.30 and its 200-day moving average is $3,493.73. The stock has a market cap of $49.94 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.59 and a beta of 0.35. AutoZone has a twelve month low of $2,928.11 and a twelve month high of $4,388.11.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, topping the consensus estimate of $36.22 by $1.85. AutoZone had a net margin of 12.40% and a negative return on equity of 80.35%. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the prior year, the firm earned $35.36 EPS. AutoZone’s quarterly revenue was up 8.4% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of AutoZone by 6.6% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,966 shares of the company’s stock worth $21,315,000 after buying an additional 306 shares during the period. Numerai GP LLC raised its holdings in shares of AutoZone by 1,199.3% during the third quarter. Numerai GP LLC now owns 1,754 shares of the company’s stock valued at $7,525,000 after acquiring an additional 1,619 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of AutoZone in the 4th quarter valued at approximately $1,808,000. ANTIPODES PARTNERS Ltd lifted its position in shares of AutoZone by 185.7% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 640 shares of the company’s stock valued at $2,746,000 after acquiring an additional 416 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in AutoZone by 15.2% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 14,224 shares of the company’s stock worth $48,241,000 after purchasing an additional 1,882 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other news, Director Earl G. Graves, Jr. sold 50 shares of AutoZone stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total value of $173,936.00. Following the transaction, the director owned 4,837 shares of the company’s stock, valued at $16,826,568.64. The trade was a 1.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brian Hannasch bought 165 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average cost of $2,987.00 per share, with a total value of $492,855.00. Following the completion of the purchase, the director owned 1,219 shares of the company’s stock, valued at approximately $3,641,153. The trade was a 15.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.60% of the stock is currently owned by company insiders.

AutoZone declared that its board has authorized a stock repurchase program on Tuesday, June 16th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

AutoZone Company Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.