DA Davidson Estimates AutoZone’s FY2025 Earnings (NYSE:AZO)

AutoZone, Inc. (NYSE:AZO) – Stock analysts at DA Davidson decreased their FY2025 earnings estimates for AutoZone in a research report issued to clients and investors on Wednesday, December 11th. DA Davidson analyst M. Baker now forecasts that the company will post earnings of $153.33 per share for the year, down from their previous estimate of $154.86. DA Davidson has a “Neutral” rating and a $3,025.00 price objective on the stock. The consensus estimate for AutoZone’s current full-year earnings is $155.79 per share. DA Davidson also issued estimates for AutoZone’s FY2026 earnings at $176.23 EPS.

A number of other brokerages have also weighed in on AZO. Wedbush reissued an “outperform” rating and issued a $3,200.00 target price on shares of AutoZone in a research report on Thursday, September 19th. Mizuho lifted their price target on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Wednesday. BNP Paribas upgraded shares of AutoZone to a “strong-buy” rating in a research report on Wednesday, September 25th. Guggenheim lifted their target price on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Truist Financial boosted their target price on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,339.25.

AutoZone Price Performance

AZO stock opened at $3,345.71 on Thursday. The stock has a market capitalization of $56.56 billion, a P/E ratio of 22.35, a P/E/G ratio of 1.70 and a beta of 0.71. AutoZone has a 1-year low of $2,510.00 and a 1-year high of $3,416.71. The business has a fifty day moving average price of $3,142.71 and a 200-day moving average price of $3,059.09.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $32.55 earnings per share.

Institutional Investors Weigh In On AutoZone

A number of institutional investors have recently added to or reduced their stakes in AZO. International Assets Investment Management LLC boosted its position in shares of AutoZone by 354,692.5% during the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock worth $31,293,100,000 after acquiring an additional 993,139 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of AutoZone by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock valued at $1,326,545,000 after purchasing an additional 7,365 shares during the last quarter. Marshfield Associates boosted its holdings in shares of AutoZone by 0.5% during the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company’s stock valued at $534,204,000 after purchasing an additional 796 shares during the last quarter. Legal & General Group Plc grew its position in shares of AutoZone by 2.3% during the second quarter. Legal & General Group Plc now owns 150,698 shares of the company’s stock valued at $446,684,000 after purchasing an additional 3,382 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of AutoZone in the second quarter worth about $424,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman William C. Rhodes III sold 13,000 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the completion of the sale, the chairman now owns 13,857 shares in the company, valued at approximately $43,055,777.55. This trade represents a 48.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was 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 in the company, valued at approximately $3,785,166.42. This represents a 56.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,880 shares of company stock valued at $46,225,660 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

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.