Wedbush Research Analysts Increase Earnings Estimates for AutoZone, Inc. (NYSE:AZO)

AutoZone, Inc. (NYSE:AZO) – Investment analysts at Wedbush increased their Q1 2025 earnings per share (EPS) estimates for shares of AutoZone in a note issued to investors on Wednesday, September 25th. Wedbush analyst S. Basham now expects that the company will earn $40.18 per share for the quarter, up from their prior forecast of $34.98. Wedbush has a “Outperform” rating and a $3,200.00 price target on the stock. The consensus estimate for AutoZone’s current full-year earnings is $151.08 per share. Wedbush also issued estimates for AutoZone’s Q2 2025 earnings at $50.31 EPS, Q3 2025 earnings at $156.26 EPS, Q4 2025 earnings at $174.10 EPS and FY2025 earnings at $201.00 EPS.

Several other equities analysts have also recently issued reports on AZO. Mizuho lifted their price objective on shares of AutoZone from $3,280.00 to $3,350.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Guggenheim upped their price target on AutoZone from $3,225.00 to $3,350.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Morgan Stanley lifted their target price on shares of AutoZone from $3,038.00 to $3,125.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Citigroup cut their price objective on shares of AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Finally, StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Saturday, September 21st. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3,169.38.

AutoZone Price Performance

AutoZone stock opened at $3,196.61 on Monday. The firm has a 50 day simple moving average of $3,121.63 and a 200-day simple moving average of $3,011.39. The stock has a market capitalization of $54.61 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 1.43 and a beta of 0.71. AutoZone has a 12-month low of $2,375.35 and a 12-month high of $3,256.37.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing the consensus estimate of $53.31 by ($5.20). The company had revenue of $6.21 billion during the quarter, compared to analyst estimates of $6.25 billion. AutoZone had a negative return on equity of 54.58% and a net margin of 14.60%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $46.46 EPS.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in AutoZone during the 1st quarter valued at about $32,000. Riverview Trust Co bought a new stake in AutoZone in the first quarter valued at about $41,000. Meeder Asset Management Inc. lifted its stake in AutoZone by 50.0% in the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after buying an additional 5 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of AutoZone during the 2nd quarter worth about $50,000. Finally, ORG Partners LLC bought a new stake in shares of AutoZone in the 2nd quarter valued at about $50,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Transactions at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 1,218 shares in the company, valued at $3,785,166.42. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.50% of the stock is owned by company insiders.

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.