FY2025 EPS Estimates for AutoZone Decreased by William Blair

AutoZone, Inc. (NYSE:AZO) – William Blair lowered their FY2025 earnings estimates for shares of AutoZone in a note issued to investors on Tuesday, December 10th. William Blair analyst P. Blee now anticipates that the company will post earnings per share of $152.93 for the year, down from their previous estimate of $154.26. The consensus estimate for AutoZone’s current full-year earnings is $154.29 per share.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $32.55 earnings per share.

Other equities research analysts have also issued research reports about the company. UBS Group lifted their target price on AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Guggenheim lifted their price objective on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a report on Wednesday. BNP Paribas upgraded shares of AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. Evercore ISI raised their target price on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Mizuho boosted 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 report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3,360.47.

AutoZone Price Performance

AZO opened at $3,369.01 on Friday. The company has a market capitalization of $56.95 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 1.73 and a beta of 0.71. The business’s 50-day moving average price is $3,148.28 and its two-hundred day moving average price is $3,061.08. AutoZone has a 1 year low of $2,510.00 and a 1 year high of $3,416.71.

Insider Transactions at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of AutoZone stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the completion of the sale, the vice president now owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.42. This trade represents a 56.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman William C. Rhodes III sold 13,000 shares of the firm’s 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 transaction, the chairman now directly owns 13,857 shares in the company, valued at approximately $43,055,777.55. This represents a 48.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,880 shares of company stock worth $46,225,660. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC grew its holdings in shares of AutoZone by 354,692.5% during the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock worth $31,293,100,000 after purchasing an additional 993,139 shares in the last quarter. Geode Capital Management LLC lifted its position in AutoZone by 1.8% during the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock worth $1,326,545,000 after purchasing an additional 7,365 shares during the period. Marshfield Associates grew its stake in AutoZone by 0.5% during the third quarter. Marshfield Associates now owns 169,586 shares of the company’s stock worth $534,204,000 after buying an additional 796 shares in the last quarter. Legal & General Group Plc increased its holdings in AutoZone by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 150,698 shares of the company’s stock valued at $446,684,000 after buying an additional 3,382 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in shares of AutoZone in the 2nd quarter valued at approximately $424,000. 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.