AutoZone, Inc. $AZO Shares Sold by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. decreased its position in shares of AutoZone, Inc. (NYSE:AZO) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,324 shares of the company’s stock after selling 219 shares during the quarter. Burgundy Asset Management Ltd.’s holdings in AutoZone were worth $47,544,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AZO. Raleigh Capital Management Inc. purchased a new stake in AutoZone in the 3rd quarter worth approximately $26,000. Global Trust Asset Management LLC increased its stake in AutoZone by 600.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock worth $30,000 after buying an additional 6 shares in the last quarter. Aspect Partners LLC increased its position in shares of AutoZone by 700.0% during the second quarter. Aspect Partners LLC now owns 8 shares of the company’s stock worth $30,000 after purchasing an additional 7 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of AutoZone in the third quarter valued at about $34,000. Finally, NewSquare Capital LLC raised its holdings in AutoZone by 50.0% in the 2nd quarter. NewSquare Capital LLC now owns 9 shares of the company’s stock valued at $33,000 after acquiring an additional 3 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other AutoZone news, VP Richard Craig Smith sold 5,910 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $3,700.00, for a total value of $21,867,000.00. Following the completion of the sale, the vice president owned 2,627 shares of the company’s stock, valued at approximately $9,719,900. This trade represents a 69.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George R. Mrkonic, Jr. sold 97 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $3,341.99, for a total transaction of $324,173.03. Following the completion of the sale, the director owned 3,564 shares of the company’s stock, valued at $11,910,852.36. This trade represents a 2.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders bought 347 shares of company stock valued at $1,179,256 and sold 9,447 shares valued at $34,179,923. Company insiders own 2.60% of the company’s stock.

AutoZone Stock Performance

NYSE AZO opened at $3,711.77 on Thursday. The firm has a market cap of $61.50 billion, a PE ratio of 26.00, a P/E/G ratio of 1.74 and a beta of 0.41. AutoZone, Inc. has a one year low of $3,210.72 and a one year high of $4,388.11. The firm’s fifty day moving average is $3,612.21 and its two-hundred day moving average is $3,824.75.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, topping analysts’ consensus estimates of $27.59 by $0.04. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same period last year, the firm earned $28.29 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. Research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Trending Headlines about AutoZone

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: AutoZone reiterated an aggressive growth plan, targeting 350–360 new stores in 2026, signaling continued capital deployment to expand retail footprint and commercial sales channels. AutoZone targets 350–360 new stores for 2026
• Positive Sentiment: Q2 EPS slightly beat expectations ($27.63 vs. $27.59 consensus), showing underlying cash generation and supporting many analysts’ buy/overweight stances. AutoZone Q2 Earnings Beat
• Positive Sentiment: Several major brokers raised price targets (Goldman Sachs, Citi, Morgan Stanley, Barclays), keeping a generally constructive analyst tone that supports upside expectations. Analyst price target moves
• Neutral Sentiment: Top-line was mixed — net sales rose ~8% YoY but missed Street revenue estimates (~$4.27B vs. $4.31B expected), creating ambiguity about near-term demand trends. Sales below analyst estimates
• Neutral Sentiment: Company discussed LIFO accounting impacts and accelerated SG&A investment in the quarter — these choices support growth but complicate near-term margin comparability. LIFO and SG&A note
• Negative Sentiment: Margin pressure was a clear negative theme — higher production costs and inflationary headwinds compressed gross margins and contributed to a stock sell-off immediately after results. Margins fall after inflationary headwinds
• Negative Sentiment: Winter storms and weaker domestic same-store sales (despite positive comps) were called out as near-term demand headwinds that contributed to the revenue miss. Winter storms hurt sales
• Negative Sentiment: Some analysts trimmed targets (DA Davidson, Truist, BMO lowered theirs) or cautioned on margins, reflecting divergent views on how quickly profit metrics will recover. Analyst target cuts

Analysts Set New Price Targets

AZO has been the topic of several analyst reports. Zacks Research upgraded AutoZone from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Morgan Stanley boosted their target price on AutoZone from $4,000.00 to $4,020.00 and gave the company an “overweight” rating in a research report on Wednesday. Citigroup increased their price target on shares of AutoZone from $4,200.00 to $4,300.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group reiterated a “buy” rating and issued a $4,400.00 target price on shares of AutoZone in a report on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of AutoZone in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and an average target price of $4,300.70.

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.