AutoZone (NYSE:AZO) Shares Sold by Rep. Rick W. Allen

Key Points

• Rep. Rick W. Allen sold between $15,001 and $50,000 of AutoZone shares on September 22, according to a filing disclosed October 14. He also recently sold Costco and Rollins shares while purchasing Broadcom and Taiwan Semiconductor stock.
• AutoZone shares were trading at $3,059.96, up 5.1%, with a market capitalization of about $49.97 billion. The company’s latest quarterly revenue rose 5.6% year over year to $6.59 billion, although it fell short of analyst expectations.
• Analysts maintain a “Moderate Buy” consensus on AutoZone, with an average price target of $3,669.12; institutional investors own 92.74% of the company, while corporate insiders own 2.60%.

Representative Rick W. Allen (Republican-Georgia) recently sold shares of AutoZone, Inc. (NYSE:AZO). In a filing disclosed on October 14th, the Representative disclosed that they had sold between $15,001 and $50,000 in AutoZone stock on September 22nd. The trade occurred in the Representative's "R.W. ALLEN & ASSOCIATES, INC. > RWA&A - SECURITIES" account.

Representative Rick W. Allen also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Costco Wholesale NASDAQ: COST on 9/18/2026.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 8/12/2026.
• Purchased $1,001 - $15,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 8/12/2026.
• Sold $15,001 - $50,000 in shares of Rollins NYSE: ROL on 8/12/2026.

AutoZone Trading Up 5.1%

NYSE:AZO opened at $3,059.96 on Friday. The company has a 50-day moving average price of $2,937.61 and a 200-day moving average price of $3,131.77. The stock has a market cap of $49.97 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 1.35 and a beta of 0.40. AutoZone, Inc. has a 12 month low of $2,730.65 and a 12 month high of $4,047.41.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings results on Tuesday, September 22nd. The company reported $56.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $55.51. AutoZone had a net margin of 12.65% and a negative return on equity of 90.08%. The company had revenue of $6.59 billion for the quarter, compared to analysts' expectations of $6.70 billion. During the same quarter in the previous year, the company earned $48.71 earnings per share. AutoZone's quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts forecast that AutoZone, Inc. will post 171.50 EPS for the current fiscal year.

Institutional Investors Weigh In On AutoZone

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Edmond DE Rothschild Holding S.A. purchased a new position in shares of AutoZone during the 2nd quarter worth $29,000. Asset Dedication LLC increased its position in AutoZone by 150.0% during the first quarter. Asset Dedication LLC now owns 10 shares of the company's stock valued at $34,000 after acquiring an additional 6 shares during the last quarter. Tacita Capital Inc purchased a new stake in AutoZone in the second quarter worth $32,000. Burkett Financial Services LLC bought a new stake in shares of AutoZone in the third quarter valued at about $31,000. Finally, GK Wealth Management LLC purchased a new stake in shares of AutoZone in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 92.74% of the company's stock.

Insider Buying and Selling

In other news, VP Dennis LeRiche sold 1,455 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $3,100.00, for a total transaction of $4,510,500.00. Following the sale, the vice president owned 441 shares of the company's stock, valued at $1,367,100. This trade represents a 76.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on AZO. Oppenheimer set a $3,400.00 price objective on AutoZone in a research report on Wednesday, September 23rd. Morgan Stanley downgraded AutoZone from an "overweight" rating to a "market perform" rating in a report on Tuesday, September 29th. Mizuho decreased their target price on AutoZone from $3,200.00 to $3,000.00 and set a "neutral" rating for the company in a research report on Wednesday, September 23rd. Sanford C. Bernstein assumed coverage on AutoZone in a research report on Tuesday, September 29th. They issued an "outperform" rating and a $3,698.00 target price for the company. Finally, Citigroup lowered their target price on AutoZone from $3,700.00 to $3,450.00 and set a "buy" rating for the company in a research note on Monday, September 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $3,669.12.

About Representative Allen

Rick Allen (Republican Party) is a member of the U.S. House, representing Georgia's 12th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Allen (Republican Party) ran for re-election to the U.S. House to represent Georgia's 12th Congressional District. He won in the general election on November 5, 2024. Allen was born in Augusta, Georgia, in 1951. He attended Auburn University in Alabama, graduating in 1973 with a B.S. in building construction. After earning his degree, Allen worked as an estimator, project administrator and assistant to the president with a construction firm in Augusta. In 1976, he founded his own construction business, R. W. Allen & Associates, Inc. The company operates in six states across the country. In 2008, Allen was presented with the Augusta Metro Chamber of Commerce’s Small Business Person of the Year award.

About AutoZone

AutoZone, Inc is a specialty retailer of automotive replacement parts, accessories and maintenance products. The company serves do-it-yourself customers as well as professional automotive repair shops, offering products such as batteries, brakes, filters, engine components, tools, fluids and other vehicle parts.

In addition to its retail stores, AutoZone provides commercial sales and delivery services for professional repair businesses. The company also operates ALLDATA, which offers automotive diagnostic, repair and shop-management software and information services to repair professionals.

Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone operates primarily in the United States, with additional stores and operations in Mexico and Brazil.

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