AutoZone (NYSE:AZO) Director Brian Hannasch Buys 165 Shares

Key Points

• AutoZone director Brian Hannasch bought 165 shares on May 29 at about $2,987 each, a $492,855 transaction that increased his direct stake by 15.65%.
• The company’s latest earnings beat EPS expectations, but revenue came in slightly below estimates, and the stock fell sharply amid investor concern over slowing momentum.
• Despite the pullback, analysts remain generally constructive: several firms kept bullish ratings, AutoZone reported 8.4% year-over-year revenue growth, and management plans to open 355 to 365 new locations this fiscal year.

AutoZone, Inc. (NYSE:AZO - Get Free Report) Director Brian Hannasch acquired 165 shares of the business's stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average cost of $2,987.00 per share, for a total transaction of $492,855.00. Following the completion of the purchase, the director directly owned 1,219 shares in the company, valued at $3,641,153. This represents a 15.65% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

AutoZone Price Performance

NYSE:AZO traded down $70.66 during midday trading on Friday, reaching $2,936.42. The stock had a trading volume of 494,325 shares, compared to its average volume of 201,091. AutoZone, Inc. has a 1-year low of $2,931.65 and a 1-year high of $4,388.11. The firm's fifty day simple moving average is $3,430.33 and its 200-day simple moving average is $3,570.14. The stock has a market capitalization of $48.39 billion, a P/E ratio of 20.57, a PEG ratio of 1.54 and a beta of 0.43.

AutoZone (NYSE:AZO - Get Free Report) last posted its earnings results on Tuesday, May 26th. The company reported $38.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $36.22 by $1.85. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.86 billion. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. AutoZone's revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $35.36 EPS. On average, equities research analysts anticipate that AutoZone, Inc. will post 149.93 earnings per share for the current fiscal year.

Key AutoZone News

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Several brokerages, including Guggenheim and TD Cowen, reiterated bullish ratings on AutoZone, and other analysts still see meaningful upside despite the selloff.
• Positive Sentiment: AutoZone reported 8.4% year-over-year revenue growth and management said commercial momentum remains strong, with plans to open 355 to 365 new locations this fiscal year.
• Neutral Sentiment: Analyst updates lowered price targets, including moves from Jefferies and BNP Paribas Exane, but both firms kept positive ratings, signaling reduced optimism rather than a bearish call.
• Neutral Sentiment: Market commentary suggests investors are weighing whether the post-earnings decline has created a buying opportunity or whether the stock could fall further from current levels.
• Negative Sentiment: AutoZone’s latest results fell short of revenue expectations, which triggered the stock’s decline as investors focused on the miss rather than the EPS beat. Article: Why AutoZone Stock Slumped This Week
• Negative Sentiment: Some reports say the stock is sliding because investors are concerned that late-quarter softness may point to slowing momentum, despite management’s explanation that weather impacted results.

Institutional Investors Weigh In On AutoZone

A number of institutional investors have recently added to or reduced their stakes in the company. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of AutoZone by 6.6% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,966 shares of the company's stock worth $21,315,000 after purchasing an additional 306 shares in the last quarter. Summit Global Investments increased its holdings in shares of AutoZone by 132.8% in the third quarter. Summit Global Investments now owns 319 shares of the company's stock valued at $1,369,000 after purchasing an additional 182 shares in the last quarter. Numerai GP LLC raised its position in AutoZone by 1,199.3% in the 3rd quarter. Numerai GP LLC now owns 1,754 shares of the company's stock worth $7,525,000 after purchasing an additional 1,619 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in AutoZone in the 3rd quarter worth approximately $678,000. Finally, Caprock Group LLC bought a new position in AutoZone in the 3rd quarter worth approximately $4,049,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AZO. Argus raised AutoZone from a "hold" rating to a "buy" rating and set a $4,325.00 target price on the stock in a report on Monday, March 9th. JPMorgan Chase & Co. cut their price target on AutoZone from $4,300.00 to $3,850.00 and set an "overweight" rating for the company in a report on Wednesday. Jefferies Financial Group lowered their price objective on shares of AutoZone from $4,400.00 to $4,000.00 and set a "buy" rating on the stock in a research note on Wednesday. Raymond James Financial reaffirmed a "strong-buy" rating on shares of AutoZone in a research report on Wednesday. Finally, Robert W. Baird cut their target price on shares of AutoZone from $3,900.00 to $3,600.00 and set a "neutral" rating for the company in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $4,040.87.

AutoZone Company Profile

AutoZone, Inc NYSE: AZO is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.

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