Andra AP fonden Sells 2,190 Shares of AutoZone, Inc. $AZO

Key Points

• Andra AP fonden reduced its AutoZone stake by 66%, selling 2,190 shares and retaining 1,130 shares worth approximately $3.61 million. Institutional investors collectively own 92.74% of the company.
• AutoZone reported quarterly revenue of $6.59 billion, up 5.6% year over year, while earnings exceeded expectations; however, revenue missed estimates and same-store sales growth remained modest.
• The company authorized a $1.5 billion share-repurchase plan. Analysts maintain a broadly positive “Moderate Buy” consensus, though several firms recently lowered their price targets amid concerns about sales momentum.

Andra AP fonden cut its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 66.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,130 shares of the company's stock after selling 2,190 shares during the period. Andra AP fonden's holdings in AutoZone were worth $3,611,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC increased its position in AutoZone by 50.0% during the 4th quarter. MCF Advisors LLC now owns 9 shares of the company's stock worth $31,000 after purchasing an additional 3 shares during the period. Arrowroot Family Office LLC lifted its holdings in shares of AutoZone by 5.4% in the 4th quarter. Arrowroot Family Office LLC now owns 59 shares of the company's stock valued at $200,000 after buying an additional 3 shares during the period. Pure Financial Advisors LLC lifted its holdings in shares of AutoZone by 2.4% in the 4th quarter. Pure Financial Advisors LLC now owns 127 shares of the company's stock valued at $430,000 after buying an additional 3 shares during the period. IVC Wealth Advisors LLC boosted its stake in shares of AutoZone by 2.9% in the first quarter. IVC Wealth Advisors LLC now owns 107 shares of the company's stock valued at $361,000 after buying an additional 3 shares in the last quarter. Finally, Petredis Investment Advisors LLC boosted its stake in shares of AutoZone by 0.4% in the first quarter. Petredis Investment Advisors LLC now owns 762 shares of the company's stock valued at $2,574,000 after buying an additional 3 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

AutoZone Stock Performance

Shares of NYSE:AZO opened at $2,848.16 on Thursday. The business's fifty day moving average price is $2,984.27 and its two-hundred day moving average price is $3,198.67. The stock has a market cap of $46.50 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.45 and a beta of 0.34. AutoZone, Inc. has a one year low of $2,764.88 and a one year high of $4,332.68.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings data on Tuesday, September 22nd. The company reported $56.05 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $55.51. The business had revenue of $6.59 billion for the quarter, compared to analyst estimates of $6.70 billion. AutoZone had a negative return on equity of 90.08% and a net margin of 12.65%.The business's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $48.71 earnings per share. As a group, equities research analysts predict that AutoZone, Inc. will post 175.04 earnings per share for the current fiscal year.

AutoZone declared that its board has authorized a share repurchase plan on Tuesday, June 16th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to reacquire up to 3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AZO. Jefferies Financial Group cut their price objective on AutoZone from $4,400.00 to $4,000.00 and set a "buy" rating for the company in a research report on Wednesday, May 27th. Robert W. Baird decreased their target price on shares of AutoZone from $3,600.00 to $3,400.00 and set a "neutral" rating on the stock in a research report on Wednesday. Morgan Stanley lowered their price target on shares of AutoZone from $4,020.00 to $3,605.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 27th. Barclays cut their price target on shares of AutoZone from $3,637.00 to $3,400.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, DA Davidson reduced their price objective on shares of AutoZone from $3,750.00 to $3,500.00 and set a "buy" rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $3,724.58.

Key AutoZone News

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Profit and margins exceeded expectations. Fiscal fourth-quarter EPS was $56.05, above analyst estimates, while net sales increased 5.6% year over year to $6.59 billion. Gross margin expanded to 53.3%, helped by tariff refunds and a favorable LIFO comparison, and operating profit rose 10.1%. AutoZone Q4 Earnings Beat Estimates on Tariff Refunds, Sales Miss
• Positive Sentiment: Management sees improved growth ahead. AutoZone said it is positioned for sales growth in fiscal 2027. Commercial sales remained strong, international same-store sales increased 10.7%, the company opened 175 stores during the quarter, and it repurchased approximately $697.5 million of stock. AutoZone Fourth-Quarter Results
• Neutral Sentiment: Analysts remain broadly constructive but less optimistic. Roth Capital, DA Davidson, BMO Capital Markets and Raymond James cut their price targets, while maintaining buy, outperform or strong-buy ratings. Baird retained a neutral rating, and Mizuho lowered its target to $3,000 while maintaining neutral. The revised targets still imply potential upside from current levels. AutoZone Analysts Cut Their Forecasts After Q4 Results
• Negative Sentiment: Sales quality raised concerns. Quarterly revenue fell short of consensus, while constant-currency same-store sales rose only 1.5% and domestic same-store sales increased 1.6%. Investors may view the earnings beat as partly dependent on temporary tariff refunds and accounting benefits, rather than underlying demand. AutoZone Reports Mixed Fourth-Quarter Results

Insider Transactions at AutoZone

In other AutoZone news, VP Dennis LeRiche sold 1,455 shares of the firm's stock in a transaction dated 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 directly owned 441 shares of the company's stock, valued at $1,367,100. This trade represents a 76.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% of the company's stock.

About AutoZone

AutoZone, Inc is a retailer and distributor of automotive replacement parts, accessories, and maintenance products. The company serves do-it-yourself customers, professional service technicians, and commercial repair businesses through its stores, distribution network, and online platform.

Its product offerings include replacement parts such as batteries, brakes, engine components, and ignition products, along with tools, fluids, filters, and other automotive accessories. AutoZone also provides services such as parts lookup, diagnostic assistance, battery testing and charging, and loaner tools for eligible repairs.

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

Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc. (NYSE:AZO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.