DA Davidson Forecasts AutoZone's FY2025 Earnings (NYSE:AZO)

Key Points

• DA Davidson has lowered its FY2025 earnings estimate for AutoZone to $146.11 per share, down from a previous forecast of $147.51, while maintaining a "Buy" rating and a price target of $4,850.00.
• Shares of AutoZone have seen an increase in analyst upgrades, with UBS raising its price target to $4,260.00 and other firms issuing positive ratings, reflecting confidence in the stock's potential.
• Insider trading data shows significant sales, including Chairman William C. Rhodes III selling 27,500 shares valued at over $101 million, indicating a noteworthy decrease in ownership.

AutoZone, Inc. (NYSE:AZO - Free Report) - DA Davidson dropped their FY2025 earnings per share (EPS) estimates for shares of AutoZone in a research report issued to clients and investors on Wednesday, September 3rd. DA Davidson analyst M. Baker now anticipates that the company will post earnings of $146.11 per share for the year, down from their previous forecast of $147.51. DA Davidson currently has a "Buy" rating and a $4,850.00 target price 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 Q4 2025 earnings at $50.13 EPS.

A number of other equities analysts also recently commented on AZO. The Goldman Sachs Group set a $3,811.00 target price on shares of AutoZone in a research note on Friday, May 23rd. Evercore ISI raised their price objective 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. Morgan Stanley reaffirmed an "overweight" rating and issued a $4,000.00 target price (up previously from $3,750.00) on shares of AutoZone in a research report on Wednesday, May 28th. Wells Fargo & Company set a $4,200.00 target price on AutoZone and gave the company an "overweight" rating in a research note on Monday, May 19th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $4,100.00 target price (up from $3,850.00) on shares of AutoZone in a report on Wednesday, May 28th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $4,148.90.

AutoZone Price Performance

AZO stock traded up $47.44 during midday trading on Friday, reaching $4,290.32. 93,097 shares of the company's stock traded hands, compared to its average volume of 128,604. AutoZone has a fifty-two week low of $2,898.57 and a fifty-two week high of $4,291.12. The business has a 50-day moving average price of $3,940.19 and a two-hundred day moving average price of $3,753.48. The company has a market capitalization of $71.99 billion, a P/E ratio of 29.04, a PEG ratio of 2.22 and a beta of 0.41.

Insider Activity at AutoZone

In related news, VP Richard Craig Smith sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $3,875.90, for a total transaction of $11,627,700.00. Following the sale, the vice president directly owned 2,925 shares of the company's stock, valued at approximately $11,337,007.50. This represents a 50.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP K. Michelle Borninkhof sold 750 shares of the stock in a transaction on 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 sale, the senior vice president directly owned 406 shares in the company, valued at $1,460,434.78. This trade represents a 64.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company's stock.

Hedge Funds Weigh In On AutoZone

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AlphaCore Capital LLC acquired a new stake in shares of AutoZone during the 1st quarter worth approximately $27,000. Saudi Central Bank acquired a new stake in shares of AutoZone in the 1st quarter worth about $27,000. Aspect Partners LLC increased its stake in shares of AutoZone by 700.0% in the second quarter. Aspect Partners LLC now owns 8 shares of the company's stock valued at $30,000 after purchasing an additional 7 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of AutoZone during the second quarter valued at approximately $33,000. Finally, NewSquare Capital LLC boosted its position in shares of AutoZone by 50.0% during the second quarter. NewSquare Capital LLC now owns 9 shares of the company's stock worth $33,000 after buying an additional 3 shares during the period. 92.74% of the stock is currently owned by institutional investors and hedge funds.

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.