What is DA Davidson’s Forecast for AutoZone FY2025 Earnings?

AutoZone, Inc. (NYSE:AZO) – Investment analysts at DA Davidson decreased their FY2025 earnings per share estimates for AutoZone in a research report issued on Tuesday, March 25th. DA Davidson analyst M. Baker now expects that the company will post earnings per share of $147.94 for the year, down from their prior estimate of $149.30. DA Davidson currently has a “Buy” rating and a $4,192.00 target price on the stock. The consensus estimate for AutoZone’s current full-year earnings is $152.94 per share. DA Davidson also issued estimates for AutoZone’s FY2026 earnings at $174.41 EPS.

A number of other brokerages have also commented on AZO. JPMorgan Chase & Co. raised their price objective on AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Wells Fargo & Company upped their price target on AutoZone from $3,750.00 to $3,850.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Roth Mkm lifted their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. TD Cowen increased their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Wedbush reissued an “outperform” rating and set a $3,700.00 target price on shares of AutoZone in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,683.36.

AutoZone Stock Performance

AutoZone stock opened at $3,825.31 on Thursday. The firm has a market capitalization of $64.20 billion, a price-to-earnings ratio of 25.56, a P/E/G ratio of 1.86 and a beta of 0.71. The company has a 50 day moving average price of $3,472.82 and a 200 day moving average price of $3,273.98. AutoZone has a 52 week low of $2,728.97 and a 52 week high of $3,838.00.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $29.11 by ($0.82). The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%.

Insider Buying and Selling

In other news, VP Richard Craig Smith sold 2,850 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $3,610.00, for a total transaction of $10,288,500.00. Following the sale, the vice president now owns 2,924 shares of the company’s stock, valued at $10,555,640. This trade represents a 49.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP K. Michelle Borninkhof sold 136 shares of AutoZone stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the completion of the transaction, the senior vice president now directly owns 403 shares in the company, valued at approximately $1,430,682.24. The trade was a 25.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,721 shares of company stock worth $17,009,311 over the last three months. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of AutoZone

Hedge funds and other institutional investors have recently modified their holdings of the company. Headlands Technologies LLC bought a new position in AutoZone in the fourth quarter valued at $29,000. Flagship Wealth Advisors LLC acquired a new position in shares of AutoZone in the fourth quarter valued at $32,000. Harbour Investments Inc. grew its stake in AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock valued at $32,000 after buying an additional 3 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in shares of AutoZone during the fourth quarter worth approximately $45,000. Finally, Itau Unibanco Holding S.A. lifted its holdings in shares of AutoZone by 750.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company’s stock worth $54,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

About AutoZone

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.