AutoZone FY2025 EPS Estimate Lowered by William Blair

AutoZone, Inc. (NYSE:AZO - Free Report) - William Blair dropped their FY2025 earnings estimates for shares of AutoZone in a report released on Tuesday, May 27th. William Blair analyst P. Blee now anticipates that the company will post earnings of $148.35 per share for the year, down from their previous estimate of $148.53. The consensus estimate for AutoZone's current full-year earnings is $152.94 per share.

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

Several other research firms have also recently commented on AZO. The Goldman Sachs Group set a $3,811.00 target price on shares of AutoZone in a research report on Friday, May 23rd. UBS Group increased their target price on shares of AutoZone from $4,025.00 to $4,260.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. DA Davidson upped their price target on shares of AutoZone from $4,192.00 to $4,850.00 and gave the company a "buy" rating in a research report on Wednesday. Mizuho increased their target price on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Finally, Argus downgraded shares of AutoZone from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $4,054.52.

AutoZone Trading Up 1.3%

AZO traded up $46.58 on Thursday, hitting $3,736.21. 190,971 shares of the company's stock were exchanged, compared to its average volume of 129,819. The firm has a market cap of $62.70 billion, a PE ratio of 24.96, a P/E/G ratio of 1.86 and a beta of 0.44. AutoZone has a twelve month low of $2,728.97 and a twelve month high of $3,916.81. The stock has a fifty day moving average of $3,698.83 and a two-hundred day moving average of $3,468.68.

Insider Activity

In related news, SVP K. Michelle Borninkhof sold 136 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total value of $482,810.88. Following the transaction, the senior vice president now directly owns 403 shares in the company, valued at approximately $1,430,682.24. This represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Philip B. Daniele sold 2,000 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the completion of the transaction, the chief executive officer now owns 163 shares in the company, valued at $619,401.63. This trade represents a 92.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,521 shares of company stock valued at $42,177,331 over the last ninety days. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AutoZone

Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio acquired a new stake in AutoZone during the first quarter worth about $14,389,000. Geneos Wealth Management Inc. grew its stake in AutoZone by 160.7% during the first quarter. Geneos Wealth Management Inc. now owns 73 shares of the company's stock worth $278,000 after buying an additional 45 shares in the last quarter. Anchor Investment Management LLC grew its stake in AutoZone by 0.8% during the first quarter. Anchor Investment Management LLC now owns 1,147 shares of the company's stock worth $4,373,000 after buying an additional 9 shares in the last quarter. SageView Advisory Group LLC boosted its stake in shares of AutoZone by 5.0% in the 1st quarter. SageView Advisory Group LLC now owns 105 shares of the company's stock valued at $400,000 after purchasing an additional 5 shares in the last quarter. Finally, SCS Capital Management LLC acquired a new stake in shares of AutoZone in the 1st quarter valued at approximately $248,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

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.