DA Davidson Has Negative Outlook of AutoZone FY2025 Earnings

AutoZone, Inc. (NYSE:AZO - Free Report) - Equities researchers at DA Davidson decreased their FY2025 earnings estimates for shares of AutoZone in a research report issued to clients and investors on Wednesday, May 28th. DA Davidson analyst M. Baker now forecasts that the company will post earnings per share of $143.85 for the year, down from their prior forecast of $147.94. DA Davidson has a "Buy" rating and a $4,850.00 price target on the stock. The consensus estimate for AutoZone's current full-year earnings is $152.94 per share. DA Davidson also issued estimates for AutoZone's FY2026 earnings at $168.59 EPS.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $37.07 by ($1.71). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the previous year, the business posted $36.69 EPS. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year.

Several other research firms have also issued reports on AZO. Wells Fargo & Company set a $4,200.00 price target on shares of AutoZone and gave the stock an "overweight" rating in a report on Monday, May 19th. Wall Street Zen upgraded shares of AutoZone from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Evercore ISI set a $3,950.00 price target on shares of AutoZone in a report on Monday, May 19th. Wedbush restated an "outperform" rating and set a $3,700.00 price target on shares of AutoZone in a report on Wednesday, March 5th. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of AutoZone in a research report on Wednesday. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $4,054.52.

AutoZone Stock Up 1.3%

AutoZone stock traded up $46.58 during mid-day trading on Thursday, hitting $3,736.21. 190,971 shares of the stock were exchanged, compared to its average volume of 129,819. AutoZone has a 12 month low of $2,728.97 and a 12 month high of $3,916.81. The firm's fifty day simple moving average is $3,698.83 and its two-hundred day simple moving average is $3,468.68. The stock has a market capitalization of $62.70 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.86 and a beta of 0.44.

Insider Activity at AutoZone

In other AutoZone news, VP Richard Craig Smith sold 2,850 shares of AutoZone stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total transaction of $10,288,500.00. Following the transaction, the vice president now directly owns 2,924 shares of the company's stock, valued at $10,555,640. The trade was a 49.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the transaction, the senior vice president now directly owns 50 shares in the company, valued at $177,500. This represents a 76.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,521 shares of company stock valued at $42,177,331. 2.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On AutoZone

Hedge funds have recently made changes to their positions in the business. AlphaCore Capital LLC bought a new stake in shares of AutoZone during the 1st quarter worth $27,000. Saudi Central Bank bought a new stake in shares of AutoZone during the 1st quarter worth $27,000. Headlands Technologies LLC bought a new stake in shares of AutoZone during the 4th quarter worth $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of AutoZone during the 4th quarter worth $32,000. Finally, Harbour Investments Inc. raised its stake in shares of AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after purchasing an additional 3 shares during the period. 92.74% of the stock is currently owned by institutional investors.

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.