Research Analysts Offer Predictions for AutoZone Q1 Earnings

AutoZone, Inc. (NYSE:AZO - Free Report) - Analysts at Roth Capital cut their Q1 2026 earnings estimates for AutoZone in a research report issued to clients and investors on Monday, June 2nd. Roth Capital analyst S. Stember now expects that the company will earn $37.93 per share for the quarter, down from their previous estimate of $38.46. The consensus estimate for AutoZone's current full-year earnings is $152.94 per share. Roth Capital also issued estimates for AutoZone's Q2 2026 earnings at $32.19 EPS, FY2026 earnings at $169.98 EPS and FY2027 earnings at $192.34 EPS.

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

AZO has been the subject of several other research reports. Guggenheim increased their target price on shares of AutoZone from $3,850.00 to $4,100.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Evercore ISI set a $3,950.00 target price on shares of AutoZone in a report on Monday, May 19th. Bank of America upgraded shares of AutoZone from a "neutral" rating to a "buy" rating and increased their target price for the company from $3,900.00 to $4,800.00 in a report on Wednesday, May 21st. Raymond James reiterated a "strong-buy" rating on shares of AutoZone in a report on Wednesday, May 28th. Finally, Wells Fargo & Company set a $4,200.00 price objective on shares of AutoZone and gave the stock an "overweight" rating in a report on Monday, May 19th. Two analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $4,054.52.

AutoZone Price Performance

Shares of AZO stock traded down $30.26 on Tuesday, hitting $3,717.74. The stock had a trading volume of 95,052 shares, compared to its average volume of 129,471. The business has a 50 day moving average of $3,698.72 and a 200 day moving average of $3,477.40. The stock has a market cap of $62.39 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 1.86 and a beta of 0.40. AutoZone has a 12-month low of $2,750.53 and a 12-month high of $3,916.81.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Inspire Investing LLC raised its stake in shares of AutoZone by 4.9% during the first quarter. Inspire Investing LLC now owns 85 shares of the company's stock worth $324,000 after acquiring an additional 4 shares in the last quarter. Modern Wealth Management LLC increased its stake in shares of AutoZone by 15.2% in the first quarter. Modern Wealth Management LLC now owns 121 shares of the company's stock worth $461,000 after buying an additional 16 shares during the period. Strs Ohio purchased a new position in shares of AutoZone in the first quarter worth $14,389,000. Geneos Wealth Management Inc. boosted its holdings in AutoZone by 160.7% in the first quarter. Geneos Wealth Management Inc. now owns 73 shares of the company's stock valued at $278,000 after acquiring an additional 45 shares in the last quarter. Finally, Anchor Investment Management LLC boosted its holdings in AutoZone by 0.8% in the first quarter. Anchor Investment Management LLC now owns 1,147 shares of the company's stock valued at $4,373,000 after acquiring an additional 9 shares in the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AutoZone

In related news, VP Richard Craig Smith sold 2,850 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the sale, the vice president now directly owns 2,924 shares of the company's stock, valued at $10,555,640. This trade represents a 49.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Dennis W. Leriche sold 1,575 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the completion of the sale, the vice president now directly owns 417 shares in the company, valued at $1,501,200. This represents a 79.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,973 shares of company stock valued at $51,346,997 over the last three months. 2.10% of the stock is owned by corporate insiders.

AutoZone Company Profile

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.