Wedbush Has Negative Estimate for AutoZone Q2 Earnings

AutoZone, Inc. (NYSE:AZO) – Research analysts at Wedbush reduced their Q2 2025 earnings per share estimates for AutoZone in a report released on Wednesday, December 11th. Wedbush analyst S. Basham now expects that the company will post earnings of $29.83 per share for the quarter, down from their previous forecast of $31.14. Wedbush has a “Outperform” rating and a $3,200.00 price target on the stock. The consensus estimate for AutoZone’s current full-year earnings is $155.79 per share. Wedbush also issued estimates for AutoZone’s Q4 2025 earnings at $49.82 EPS, FY2025 earnings at $151.42 EPS, FY2026 earnings at $170.79 EPS and FY2027 earnings at $196.98 EPS.

Several other equities research analysts also recently commented on AZO. DA Davidson reaffirmed a “neutral” rating and issued a $3,025.00 target price on shares of AutoZone in a report on Monday, September 30th. The Goldman Sachs Group cut shares of AutoZone from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. UBS Group lifted their target price on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Redburn Atlantic raised AutoZone to a “strong-buy” rating in a report on Tuesday, October 1st. Finally, BNP Paribas raised AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $3,339.25.

AutoZone Price Performance

Shares of NYSE:AZO opened at $3,345.71 on Friday. The business’s fifty day moving average price is $3,148.28 and its two-hundred day moving average price is $3,061.08. AutoZone has a fifty-two week low of $2,510.00 and a fifty-two week high of $3,416.71. The stock has a market capitalization of $56.56 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 1.70 and a beta of 0.71.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $32.55 EPS.

Institutional Trading of AutoZone

Several hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its holdings in shares of AutoZone by 354,692.5% in the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after buying an additional 993,139 shares during the period. Geode Capital Management LLC grew its holdings in shares of AutoZone by 1.8% during the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock worth $1,326,545,000 after buying an additional 7,365 shares in the last quarter. Marshfield Associates raised its position in AutoZone by 0.5% in the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company’s stock valued at $534,204,000 after buying an additional 796 shares during the last quarter. Legal & General Group Plc lifted its stake in AutoZone by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 150,698 shares of the company’s stock valued at $446,684,000 after acquiring an additional 3,382 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in AutoZone during the 2nd quarter worth approximately $424,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Buying and Selling

In related news, VP John Scott Murphy sold 1,580 shares of AutoZone stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the transaction, the vice president now owns 1,218 shares of the company’s stock, valued at $3,785,166.42. This trade represents a 56.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman William C. Rhodes III sold 300 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the completion of the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at $42,613,046.40. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,880 shares of company stock valued at $46,225,660 over the last ninety days. Insiders own 2.10% of the company’s stock.

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.