FY2026 Earnings Forecast for AutoZone Issued By DA Davidson

Key Points

• DA Davidson has lowered its FY2026 earnings estimates for AutoZone to $166.93 per share from a previous estimate of $168.54, maintaining a "Buy" rating and a target price of $4,850.00.
• Despite the downgrade, multiple analysts continue to have positive outlooks, with price targets ranging from $4,100.00 to $4,350.00 and a consensus rating of "Buy".
• Insider trading activity shows a significant sell-off, with executives unloading over $116 million worth of shares recently, indicating potential concerns about stock performance.

AutoZone, Inc. (NYSE:AZO - Free Report) - Equities research analysts at DA Davidson reduced their FY2026 earnings per share (EPS) estimates for shares of AutoZone in a report issued on Wednesday, September 3rd. DA Davidson analyst M. Baker now forecasts that the company will earn $166.93 per share for the year, down from their prior forecast of $168.54. DA Davidson has a "Buy" rating and a $4,850.00 price objective on the stock. The consensus estimate for AutoZone's current full-year earnings is $152.94 per share.

Other equities research analysts have also issued reports about the company. Evercore ISI upped their price target on AutoZone from $4,060.00 to $4,250.00 and gave the company an "outperform" rating in a research report on Monday, August 18th. Citigroup upped their price target on AutoZone from $3,900.00 to $4,900.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Wells Fargo & Company set a $4,200.00 price target on AutoZone and gave the company an "overweight" rating in a research report on Monday, May 19th. Truist Financial set a $3,995.00 price target on AutoZone in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. upped their price target on AutoZone from $3,830.00 to $4,350.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $4,148.90.

AutoZone Stock Up 0.6%

Shares of AutoZone stock traded up $26.47 on Thursday, hitting $4,245.88. 112,221 shares of the company's stock traded hands, compared to its average volume of 128,809. The stock has a market cap of $71.25 billion, a P/E ratio of 28.74, a PEG ratio of 2.22 and a beta of 0.41. The firm's 50-day moving average is $3,929.54 and its 200 day moving average is $3,747.33. AutoZone has a 52-week low of $2,898.57 and a 52-week high of $4,259.22.

Hedge Funds Weigh In On AutoZone

A number of hedge funds and other institutional investors have recently modified their holdings of AZO. Forum Financial Management LP grew its holdings in shares of AutoZone by 2.2% during the 4th quarter. Forum Financial Management LP now owns 138 shares of the company's stock worth $443,000 after purchasing an additional 3 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in AutoZone by 2.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 141 shares of the company's stock valued at $538,000 after purchasing an additional 3 shares during the last quarter. Focus Financial Network Inc. raised its position in AutoZone by 2.9% in the 1st quarter. Focus Financial Network Inc. now owns 105 shares of the company's stock valued at $400,000 after purchasing an additional 3 shares during the last quarter. Blue Trust Inc. raised its position in AutoZone by 3.5% in the 1st quarter. Blue Trust Inc. now owns 89 shares of the company's stock valued at $339,000 after purchasing an additional 3 shares during the last quarter. Finally, Rappaport Reiches Capital Management LLC raised its position in AutoZone by 4.8% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 66 shares of the company's stock valued at $252,000 after purchasing an additional 3 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

Insider Transactions at AutoZone

In related news, SVP K. Michelle Borninkhof sold 750 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $3,597.13, for a total transaction of $2,697,847.50. Following the completion of the transaction, the senior vice president owned 406 shares of the company's stock, valued at $1,460,434.78. This trade represents a 64.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman William C. Rhodes III sold 27,500 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $3,708.93, for a total value of $101,995,575.00. Following the transaction, the chairman directly owned 8,546 shares of the company's stock, valued at $31,696,515.78. This represents a 76.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,250 shares of company stock valued at $116,321,123. 2.10% of the stock is currently owned by corporate insiders.

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.