Oppenheimer Cuts AutoZone (NYSE:AZO) Price Target to $3,500.00

AutoZone (NYSE:AZO) had its price objective lowered by Oppenheimer from $4,300.00 to $3,500.00 in a research report released on Friday, MarketBeat.com reports. Oppenheimer currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group decreased their price objective on AutoZone from $4,345.00 to $4,096.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Weiss Ratings downgraded AutoZone from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. Jefferies Financial Group cut their price objective on shares of AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. UBS Group restated a “buy” rating on shares of AutoZone in a report on Tuesday, September 15th. Finally, Mizuho cut their price target on shares of AutoZone from $3,600.00 to $3,200.00 and set a “neutral” rating on the stock in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3,913.62.

AutoZone Stock Up 0.2%

AutoZone stock opened at $2,859.61 on Friday. The company’s 50-day moving average price is $2,994.83 and its 200-day moving average price is $3,216.63. The company has a market cap of $46.70 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.43 and a beta of 0.34. AutoZone has a twelve month low of $2,815.00 and a twelve month high of $4,332.68.

AutoZone announced that its Board of Directors has initiated a share buyback plan on Tuesday, June 16th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to purchase up to 3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity at AutoZone

In other news, VP Dennis LeRiche sold 1,455 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $3,100.00, for a total value of $4,510,500.00. Following the transaction, the vice president directly owned 441 shares in the company, valued at approximately $1,367,100. This represents a 76.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On AutoZone

Several large investors have recently added to or reduced their stakes in AZO. MCF Advisors LLC grew its stake in AutoZone by 50.0% in the fourth quarter. MCF Advisors LLC now owns 9 shares of the company’s stock worth $31,000 after purchasing an additional 3 shares in the last quarter. Bard Associates Inc. purchased a new stake in shares of AutoZone in the 4th quarter worth $31,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of AutoZone during the 2nd quarter worth $29,000. Asset Dedication LLC increased its stake in shares of AutoZone by 150.0% during the first quarter. Asset Dedication LLC now owns 10 shares of the company’s stock valued at $34,000 after buying an additional 6 shares during the period. Finally, Tacita Capital Inc purchased a new stake in AutoZone in the second quarter worth about $32,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Key AutoZone News

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: AutoZone’s earnings report next week could provide a near-term catalyst. Options traders are pricing in an approximately 10% move around the release, signaling elevated expectations and potential volatility. AutoZone Stock Set for Near 10% Move After Q4 Earnings
• Positive Sentiment: Oppenheimer maintained an “outperform” rating despite lowering its price target to $3,500. The revised target still implies substantial upside from recent trading levels, suggesting the firm views the oil-related weakness as manageable over the longer term. AutoZone Facing Near-Term Pressure From Recent Oil Price Spike
• Neutral Sentiment: Analysts are watching revenue, comparable sales, margins, and commercial-business performance for the quarter ended August 2026. Current previews cite an estimated earnings per share figure of about $54.22, but the market will place greater emphasis on forward guidance. AutoZone Q4 2026 Preview
• Negative Sentiment: Oppenheimer cut its fiscal fourth-quarter estimates and reduced its price target after the recent oil-price spike. Higher fuel costs could pressure consumer driving activity, do-it-yourself maintenance demand, and AutoZone’s near-term sales outlook. AutoZone Fiscal Fourth-Quarter Estimates Cut
• Negative Sentiment: The upcoming earnings event is increasing uncertainty, with analysts highlighting potential near-term pressure from fuel prices even as AutoZone’s longer-term replacement-parts demand remains intact. AutoZone Q4 Earnings Analysts’ Insights

AutoZone Company Profile

AutoZone, Inc is a retailer and distributor of automotive replacement parts, accessories, and maintenance products. The company serves do-it-yourself customers, professional service technicians, and commercial repair businesses through its stores, distribution network, and online platform.

Its product offerings include replacement parts such as batteries, brakes, engine components, and ignition products, along with tools, fluids, filters, and other automotive accessories. AutoZone also provides services such as parts lookup, diagnostic assistance, battery testing and charging, and loaner tools for eligible repairs.

Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone operates primarily in the United States, with additional locations in Mexico and Brazil.