2,680 AutoZone, Inc. $AZO Shares Acquired by CoreCap Advisors LLC

CoreCap Advisors LLC grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 567.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,152 shares of the company’s stock after purchasing an additional 2,680 shares during the period. CoreCap Advisors LLC’s holdings in AutoZone were worth $8,920,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AZO. YHB Investment Advisors Inc. grew its holdings in shares of AutoZone by 1,628.6% in the third quarter. YHB Investment Advisors Inc. now owns 14,019 shares of the company’s stock valued at $39,674,000 after purchasing an additional 13,208 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its position in AutoZone by 4.3% during the third quarter. Avidian Wealth Enterprises LLC now owns 267 shares of the company’s stock valued at $756,000 after purchasing an additional 11 shares during the last quarter. Elevation Wealth Partners LLC grew its stake in shares of AutoZone by 24,060.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 1,208 shares of the company’s stock worth $35,000 after buying an additional 1,203 shares in the last quarter. Wealth Enhancement Trust Services Inc. increased its holdings in shares of AutoZone by 4,267.9% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 2,446 shares of the company’s stock worth $6,922,000 after buying an additional 2,390 shares during the last quarter. Finally, North Point Portfolio Managers Corp OH bought a new stake in shares of AutoZone in the 3rd quarter worth about $37,000. 92.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Piper Sandler set a $3,500.00 price target on shares of AutoZone in a report on Monday, August 31st. Morgan Stanley cut AutoZone from an “overweight” rating to a “market perform” rating in a research note on Tuesday, September 29th. Citigroup decreased their price objective on AutoZone from $3,700.00 to $3,450.00 and set a “buy” rating on the stock in a research report on Monday, September 14th. DA Davidson lowered their price objective on AutoZone from $3,750.00 to $3,500.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. Finally, Barclays dropped their target price on AutoZone from $3,637.00 to $3,400.00 and set an “overweight” rating for the company in a report on Wednesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AutoZone has a consensus rating of “Moderate Buy” and a consensus target price of $3,669.12.

Insiders Place Their Bets

In other news, VP Dennis LeRiche sold 1,455 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $3,100.00, for a total transaction of $4,510,500.00. Following the sale, the vice president owned 441 shares in the company, valued at approximately $1,367,100. The trade was a 76.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

AutoZone Price Performance

NYSE AZO traded up $64.35 on Thursday, hitting $2,910.62. The stock had a trading volume of 172,435 shares, compared to its average volume of 264,784. The business’s fifty day moving average price is $2,949.26 and its 200 day moving average price is $3,149.16. The stock has a market cap of $47.53 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.34 and a beta of 0.40. AutoZone, Inc. has a 52-week low of $2,730.65 and a 52-week high of $4,146.42.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 22nd. The company reported $56.05 EPS for the quarter, beating the consensus estimate of $0.54 by $55.51. AutoZone had a negative return on equity of 90.08% and a net margin of 12.65%.The firm had revenue of $6.59 billion during the quarter, compared to analyst estimates of $6.70 billion. During the same quarter in the prior year, the business posted $48.71 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that AutoZone, Inc. will post 172.12 EPS for the current year.

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

More AutoZone News

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Bernstein upgraded AutoZone to “Strong Buy.” The firm’s average price target is approximately $3,669, implying meaningful potential upside from recent trading levels and providing the clearest positive catalyst for the shares. Bernstein upgrades AutoZone stock to Strong Buy
• Neutral Sentiment: Zacks Research introduced a fiscal 2029 EPS forecast of $220.60. Zacks also raised its Q3 2028 estimate to $46.56, suggesting analysts still expect long-term earnings growth despite weaker near- and medium-term projections.
• Negative Sentiment: Zacks reduced earnings estimates across several periods. Forecasts were cut for Q1 2027 to $34.65 from $37.78, Q2 2027 to $31.45 from $32.61, Q3 2027 to $41.91 from $42.64, and Q4 2027 to $58.15 from $61.70. The FY2027 estimate fell to $166.16 from $174.73.
• Negative Sentiment: Longer-term fiscal 2028 estimates were also lowered. Zacks reduced Q1 2028 EPS to $41.39 from $43.62, Q2 2028 to $39.11 from $40.45, Q4 2028 to $63.01 from $67.59, and FY2028 to $190.08 from $197.32. These revisions point to more cautious expectations for AutoZone’s earnings trajectory.
• Neutral Sentiment: The latest Zacks commentary keeps the focus on upcoming earnings. The current full-year consensus EPS estimate remains $172.12, while investors may weigh the bullish valuation outlook against the downward revisions to future quarterly results. Zacks Research Comments on AutoZone’s Q2 Earnings

AutoZone Company Profile

AutoZone, Inc is a specialty retailer of automotive replacement parts, accessories and maintenance products. The company serves do-it-yourself customers as well as professional automotive repair shops, offering products such as batteries, brakes, filters, engine components, tools, fluids and other vehicle parts.

In addition to its retail stores, AutoZone provides commercial sales and delivery services for professional repair businesses. The company also operates ALLDATA, which offers automotive diagnostic, repair and shop-management software and information services to repair professionals.

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