AutoZone (NYSE:AZO) Price Target Lowered to $3,500.00 at DA Davidson

AutoZone (NYSE:AZO) had its price target decreased by stock analysts at DA Davidson from $3,750.00 to $3,500.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 24.81% from the company’s previous close.

A number of other research firms have also weighed in on AZO. Morgan Stanley lowered their price objective on shares of AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. BMO Capital Markets cut their price objective on shares of AutoZone from $4,000.00 to $3,500.00 and set an “outperform” rating for the company in a research report on Wednesday. The Goldman Sachs Group lowered their target price on shares of AutoZone from $4,345.00 to $4,096.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. UBS Group reissued a “buy” rating on shares of AutoZone in a report on Tuesday, September 15th. Finally, Citigroup lowered their price objective on AutoZone from $3,700.00 to $3,450.00 and set a “buy” rating on the stock in a report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and an average target price of $3,777.71.

AutoZone Stock Down 3.1%

AZO opened at $2,804.30 on Wednesday. The business has a 50 day moving average price of $2,986.72 and a two-hundred day moving average price of $3,205.00. The company has a market cap of $45.79 billion, a PE ratio of 19.97, a P/E/G ratio of 1.41 and a beta of 0.34. AutoZone has a 52 week low of $2,796.85 and a 52 week high of $4,332.68.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, September 22nd. The company reported $56.05 earnings per share for the quarter, beating the consensus estimate of $0.54 by $55.51. AutoZone had a negative return on equity of 80.35% and a net margin of 12.40%.The company had revenue of $6.59 billion for the quarter, compared to the consensus estimate of $6.70 billion. During the same period last year, the business posted $48.71 EPS. The company’s revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts expect that AutoZone will post 150.61 EPS for the current fiscal year.

AutoZone declared that its board has approved 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 reacquire up to 3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at AutoZone

In other news, VP Dennis LeRiche sold 1,455 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $3,100.00, for a total transaction of $4,510,500.00. Following the completion of the sale, the vice president directly owned 441 shares of the company’s stock, valued at $1,367,100. The trade was a 76.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AutoZone

A number of institutional investors have recently added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC raised its holdings in shares of AutoZone by 47,900.0% in the 2nd quarter. Cherry Tree Wealth Management LLC now owns 1,920 shares of the company’s stock worth $6,136,000 after purchasing an additional 1,916 shares during the period. SkyView Investment Advisors LLC increased its position in AutoZone by 11.1% during the 2nd quarter. SkyView Investment Advisors LLC now owns 100 shares of the company’s stock worth $320,000 after purchasing an additional 10 shares in the last quarter. Tidal Investments LLC raised its holdings in AutoZone by 29.6% in the second quarter. Tidal Investments LLC now owns 7,922 shares of the company’s stock valued at $25,318,000 after buying an additional 1,809 shares during the period. National Pension Service raised its holdings in AutoZone by 3.6% in the second quarter. National Pension Service now owns 45,649 shares of the company’s stock valued at $145,891,000 after buying an additional 1,578 shares during the period. Finally, WINTON GROUP Ltd lifted its position in AutoZone by 48.6% during the second quarter. WINTON GROUP Ltd now owns 110 shares of the company’s stock valued at $352,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Key Headlines Impacting AutoZone

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Profit substantially beat expectations: AutoZone reported diluted EPS of $56.05, up from $48.71 a year earlier and above the roughly $54-$55 consensus. Net sales rose 5.6% to $6.59 billion, while operating profit increased 10.1% to approximately $1.3 billion. AutoZone fourth-quarter results
• Positive Sentiment: Growth investments and shareholder returns supported sentiment: The retailer opened 175 stores during the quarter, ended fiscal 2026 with 8,031 locations, and repurchased about $697.5 million of stock. Management said sales momentum improved later in the quarter and expects growth to accelerate in fiscal 2027, helped by commercial and international demand. Why AutoZone stock rallied
• Neutral Sentiment: Analyst views remain constructive but more cautious: BMO, Raymond James and Baird reduced their price targets to $3,500, $3,700 and $3,400, respectively, while retaining outperform, strong-buy or neutral ratings. Mizuho also cut its target to $3,000 and kept a neutral rating. The reductions suggest analysts see upside from current levels but have moderated expectations after the report.
• Negative Sentiment: Revenue and comparable-store trends were soft: Quarterly revenue missed estimates, and total same-store sales increased only 1.5% on a constant-currency basis, with domestic same-store sales up 1.6%. Coverage highlighted DIY weakness, while part of the margin and earnings benefit came from tariff refunds and a favorable LIFO comparison, which may not recur. AutoZone mixed fourth-quarter results

About AutoZone

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.