AutoZone (NYSE:AZO) Price Target Raised to $3,600.00 at Mizuho

AutoZone (NYSE:AZO) had its target price increased by analysts at Mizuho from $3,550.00 to $3,600.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price target indicates a potential downside of 3.08% from the stock’s current price.

AZO has been the subject of a number of other research reports. Citigroup lifted their price objective on shares of AutoZone from $4,200.00 to $4,300.00 and gave the company a “buy” rating in a report on Wednesday. Evercore raised their price objective on AutoZone from $4,100.00 to $4,125.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Robert W. Baird lowered AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 target price for the company. in a research report on Monday, February 9th. The Goldman Sachs Group increased their price target on AutoZone from $4,274.00 to $4,345.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of AutoZone in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4,302.87.

AutoZone Stock Performance

AZO opened at $3,714.27 on Thursday. AutoZone has a one year low of $3,210.72 and a one year high of $4,388.11. The stock has a market cap of $61.55 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 1.74 and a beta of 0.41. The stock’s 50 day moving average price is $3,612.21 and its 200-day moving average price is $3,824.75.

AutoZone (NYSE:AZO) last released its earnings results 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 business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same quarter last year, the firm posted $28.29 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. As a group, analysts predict that AutoZone will post 152.94 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Earl G. Graves, Jr. sold 250 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $3,295.00, for a total transaction of $823,750.00. Following the completion of the sale, the director owned 4,887 shares of the company’s stock, valued at $16,102,665. This represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael A. George bought 145 shares of the stock in a transaction on Monday, December 22nd. The stock was purchased at an average price of $3,398.13 per share, with a total value of $492,728.85. Following the completion of the purchase, the director owned 566 shares of the company’s stock, valued at $1,923,341.58. This represents a 34.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 347 shares of company stock worth $1,179,256 and have sold 9,447 shares worth $34,179,923. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On AutoZone

Hedge funds have recently modified their holdings of the stock. Raleigh Capital Management Inc. acquired a new stake in AutoZone in the 3rd quarter worth approximately $26,000. Turning Point Benefit Group Inc. purchased a new position in shares of AutoZone in the third quarter worth $25,000. Global Trust Asset Management LLC lifted its stake in shares of AutoZone by 600.0% during the third quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock worth $30,000 after buying an additional 6 shares during the period. Aspect Partners LLC lifted its stake 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 buying an additional 7 shares during the period. Finally, Salomon & Ludwin LLC purchased a new stake in shares of AutoZone during the third quarter valued at $34,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone News Summary

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: EPS slightly beat expectations and same-quarter gross sales rose year-over-year, showing underlying demand resilience. AutoZone Q2 Earnings Beat
• Positive Sentiment: Management is targeting 350–360 new stores for 2026, which supports longer-term revenue and footprint growth. Store Expansion Plan
• Positive Sentiment: Several major shops raised price targets (Goldman Sachs, Citi, Morgan Stanley), reflecting continued analyst confidence in AutoZone’s longer-term earnings power despite the quarter’s softness. Analyst Price Target Raises
• Neutral Sentiment: Topline was up ~8% year-over-year but missed consensus (~$4.27B vs $4.31B expected), so growth exists but fell short of Street forecasts. Sales Miss / WSJ
• Neutral Sentiment: Company released the Q2 earnings presentation and call transcript for detail — useful for judging margin cadence and inventory accounting impacts. Earnings Presentation
• Negative Sentiment: Management said unusually strong winter storms reduced parts demand patterns and weighed on comparable sales, a near-term sales headwind cited repeatedly on the call. Winter Weather Headwind
• Negative Sentiment: Margins came under pressure from higher production and freight costs, LIFO accounting impacts and accelerated SG&A investments — these factors could weigh on near-term profitability. Margins & Costs
• Negative Sentiment: Sales were softer in international (notably Mexico), adding to the revenue shortfall concerns for the quarter. International Weakness
• Negative Sentiment: Some brokers trimmed price targets (DA Davidson, BMO, Roth, Truist tweaks) and a number of outlets noted shares fell after the report — underscoring the market’s focus on the revenue miss and margin headwinds. Analyst PT Cuts

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.