AutoZone (NYSE:AZO) Stock Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of AutoZone, Inc. NYSE: AZO. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in AutoZone stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

AutoZone Stock Down 0.6%

AZO stock traded down $22.30 during trading on Friday, hitting $3,819.20. The company had a trading volume of 80,657 shares, compared to its average volume of 124,753. The firm has a 50-day moving average price of $3,711.34 and a 200-day moving average price of $3,597.71. The firm has a market cap of $64.09 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 2.28 and a beta of 0.39. AutoZone, Inc. has a 1-year low of $2,898.57 and a 1-year high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 earnings per share for the quarter, missing analysts' consensus estimates of $37.07 by ($1.71). The firm had revenue of $4.46 billion during the quarter, compared to analysts' expectations of $4.41 billion. AutoZone had a net margin of 13.56% and a negative return on equity of 56.07%. The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $36.69 earnings per share. Sell-side analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Institutional Investors Weigh In On AutoZone

Institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in AutoZone by 14.4% in the 4th quarter. Brighton Jones LLC now owns 111 shares of the company's stock worth $356,000 after acquiring an additional 14 shares during the period. Union Bancaire Privee UBP SA acquired a new position in AutoZone in the fourth quarter worth $10,030,000. Principal Securities Inc. raised its stake in AutoZone by 62.7% during the fourth quarter. Principal Securities Inc. now owns 122 shares of the company's stock worth $391,000 after acquiring an additional 47 shares during the period. Allworth Financial LP lifted its holdings in shares of AutoZone by 15.5% in the 4th quarter. Allworth Financial LP now owns 97 shares of the company's stock worth $322,000 after purchasing an additional 13 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of AutoZone by 23.1% in the 4th quarter. Global Retirement Partners LLC now owns 48 shares of the company's stock worth $154,000 after acquiring an additional 9 shares during the period. Hedge funds and other institutional investors own 92.74% of the company's stock.

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of recent analyst reports. BMO Capital Markets restated an "outperform" rating and issued a $4,100.00 price objective (up previously from $3,850.00) on shares of AutoZone in a research report on Wednesday, May 28th. UBS Group increased their target price on shares of AutoZone from $4,025.00 to $4,260.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Bank of America upgraded AutoZone from a "neutral" rating to a "buy" rating and upped their price target for the stock from $3,900.00 to $4,800.00 in a report on Wednesday, May 21st. Wells Fargo & Company set a $4,200.00 price objective on AutoZone and gave the stock an "overweight" rating in a report on Monday, May 19th. Finally, Morgan Stanley restated an "overweight" rating and issued a $4,000.00 price target (up previously from $3,750.00) on shares of AutoZone in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, AutoZone presently has an average rating of "Buy" and an average price target of $4,087.00.

Insiders Place Their Bets

In related news, CFO Jamere Jackson sold 2,612 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $3,728.05, for a total transaction of $9,737,666.60. Following the completion of the sale, the chief financial officer directly owned 427 shares of the company's stock, valued at $1,591,877.35. This represents a 85.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard Craig Smith sold 3,000 shares of the company's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $3,875.90, for a total value of $11,627,700.00. Following the completion of the transaction, the vice president directly owned 2,925 shares in the company, valued at $11,337,007.50. This represents a 50.63% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,862 shares of company stock valued at $126,058,789. Corporate insiders own 2.10% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.