Cwm LLC Sells 1,870 Shares of AutoZone, Inc. $AZO

Key Points

• Cwm LLC cut its AutoZone stake by 68%, selling 1,870 shares in Q4 and now holds 878 shares worth about $2.98 million.
• AutoZone slightly beat quarterly EPS estimates ($27.63 vs. $27.59) while revenue missed consensus, was up 8.2% year‑over‑year, and the stock carries a consensus rating of "Moderate Buy" with a $4,312.13 target.
• Insiders recently sold shares (Director Earl G. Graves Jr. sold 50 shares) while institutional ownership is high at about 92.74% and insiders own 2.60%.

Cwm LLC decreased its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 68.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 878 shares of the company's stock after selling 1,870 shares during the quarter. Cwm LLC's holdings in AutoZone were worth $2,979,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AZO. Obermeyer Wealth Partners lifted its stake in AutoZone by 4.7% in the 3rd quarter. Obermeyer Wealth Partners now owns 67 shares of the company's stock worth $287,000 after purchasing an additional 3 shares in the last quarter. Covestor Ltd grew its position in shares of AutoZone by 5.5% during the third quarter. Covestor Ltd now owns 58 shares of the company's stock valued at $250,000 after purchasing an additional 3 shares in the last quarter. SYM FINANCIAL Corp grew its position in shares of AutoZone by 3.6% during the third quarter. SYM FINANCIAL Corp now owns 86 shares of the company's stock valued at $369,000 after purchasing an additional 3 shares in the last quarter. Camden National Bank increased its holdings in shares of AutoZone by 3.6% in the third quarter. Camden National Bank now owns 86 shares of the company's stock worth $369,000 after purchasing an additional 3 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its holdings in shares of AutoZone by 1.7% in the third quarter. Crestwood Advisors Group LLC now owns 184 shares of the company's stock worth $791,000 after purchasing an additional 3 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Trading Up 0.3%

AZO opened at $3,599.74 on Friday. The firm has a market cap of $59.32 billion, a P/E ratio of 25.22, a P/E/G ratio of 1.84 and a beta of 0.41. AutoZone, Inc. has a 12 month low of $3,210.72 and a 12 month high of $4,388.11. The stock has a 50-day moving average of $3,564.58 and a 200 day moving average of $3,650.33.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $27.59 by $0.04. The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.31 billion. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $28.29 earnings per share. On average, research analysts forecast that AutoZone, Inc. will post 148.93 earnings per share for the current fiscal year.

Insider Buying and Selling at AutoZone

In related news, Director Earl G. Graves, Jr. sold 50 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the sale, the director owned 4,837 shares in the company, valued at approximately $16,826,568.64. This represents a 1.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays increased their price target on AutoZone from $3,800.00 to $3,900.00 and gave the company an "overweight" rating in a research note on Wednesday, March 4th. Evercore lifted their price objective on AutoZone from $4,100.00 to $4,125.00 and gave the stock an "outperform" rating in a research note on Friday, February 27th. Robert W. Baird cut AutoZone from an "outperform" rating to a "neutral" rating and set a $3,900.00 price objective on the stock. in a report on Monday, February 9th. UBS Group set a $4,800.00 target price on AutoZone in a research report on Tuesday, March 3rd. Finally, Morgan Stanley raised their target price on shares of AutoZone from $4,000.00 to $4,020.00 and gave the company an "overweight" rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $4,312.13.

About AutoZone

AutoZone, Inc NYSE: AZO is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.

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