Rep. Julie Johnson Sells Off Shares of AutoZone, Inc. (NYSE:AZO)

Representative Julie Johnson (D-Texas) recently sold shares of AutoZone, Inc. (NYSE:AZO). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in AutoZone stock on April 7th. The trade occurred in the Representative’s “MERRILL LYNCH LONG TERM GROWTH” account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of DT Midstream (NYSE:DTM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.

AutoZone Trading Up 3.0%

NYSE AZO opened at $3,755.01 on Friday. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81. The firm’s fifty day simple moving average is $3,654.01 and its 200-day simple moving average is $3,412.84. The company has a market capitalization of $63.02 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.98 billion. As a group, analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Insiders Place Their Bets

In other AutoZone news, VP Domingo Hurtado sold 4,800 shares of the firm’s stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the completion of the sale, the vice president now owns 159 shares in the company, valued at approximately $581,940. This trade represents a 96.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP K. Michelle Borninkhof sold 136 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of the sale, the senior vice president now owns 403 shares of the company’s stock, valued at $1,430,682.24. This represents a 25.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,521 shares of company stock worth $42,177,331. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on AutoZone from $3,775.00 to $3,830.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. BMO Capital Markets boosted their target price on AutoZone from $3,700.00 to $3,850.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Roth Mkm boosted their target price on AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Argus downgraded AutoZone from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Wedbush restated an “outperform” rating and issued a $3,700.00 target price on shares of AutoZone in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, AutoZone currently has an average rating of “Buy” and a consensus target price of $3,821.91.

Institutional Trading of AutoZone

Several hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. boosted its stake in AutoZone by 4.3% during the 1st quarter. Alliancebernstein L.P. now owns 158,487 shares of the company’s stock valued at $604,276,000 after purchasing an additional 6,549 shares during the period. Advisors Asset Management Inc. lifted its position in shares of AutoZone by 21.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,203 shares of the company’s stock worth $4,587,000 after acquiring an additional 215 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of AutoZone in the 1st quarter worth approximately $454,000. Dark Forest Capital Management LP lifted its position in shares of AutoZone by 520.8% in the 1st quarter. Dark Forest Capital Management LP now owns 987 shares of the company’s stock worth $3,763,000 after acquiring an additional 828 shares during the period. Finally, Maverick Capital Ltd. bought a new stake in shares of AutoZone in the 1st quarter worth approximately $4,320,000. Institutional investors own 92.74% of the company’s stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.