AutoZone (NYSE:AZO) Given New $4,300.00 Price Target at BMO Capital Markets

AutoZone (NYSE:AZO) had its price target trimmed by BMO Capital Markets from $4,400.00 to $4,300.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of AutoZone from $4,100.00 to $4,300.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Jefferies Financial Group reissued a “buy” rating and set a $4,400.00 price target on shares of AutoZone in a research report on Wednesday, December 10th. Guggenheim reduced their price objective on shares of AutoZone from $4,600.00 to $4,400.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. UBS Group set a $4,800.00 target price on shares of AutoZone in a research report on Tuesday. Finally, Wells Fargo & Company cut their target price on AutoZone from $4,700.00 to $4,500.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, AutoZone has a consensus rating of “Moderate Buy” and an average price target of $4,300.70.

AutoZone Stock Performance

AZO stock opened at $3,711.77 on Wednesday. The business has a 50-day simple moving average of $3,612.21 and a two-hundred day simple moving average of $3,824.75. The company has a market capitalization of $61.50 billion, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 1.74 and a beta of 0.41. AutoZone has a 52-week low of $3,210.72 and a 52-week high of $4,388.11.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, beating analysts’ consensus estimates of $27.59 by $0.04. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.31 billion. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $28.29 earnings per share. As a group, sell-side analysts forecast that AutoZone will post 152.94 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Brian Hannasch acquired 147 shares of AutoZone stock in a transaction on Thursday, December 18th. The stock was acquired at an average cost of $3,393.09 per share, with a total value of $498,784.23. Following the completion of the acquisition, the director owned 962 shares in the company, valued at approximately $3,264,152.58. This trade represents a 18.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 directly owned 2,627 shares of the company’s stock, valued at $9,719,900. This represents a 69.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders purchased 347 shares of company stock worth $1,179,256 and sold 9,447 shares worth $34,179,923. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raleigh Capital Management Inc. bought a new stake in AutoZone in the 3rd quarter valued at about $26,000. Turning Point Benefit Group Inc. purchased a new position in shares of AutoZone in the third quarter worth about $25,000. Global Trust Asset Management LLC raised its position in shares of AutoZone by 600.0% in the third quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock valued at $30,000 after purchasing an additional 6 shares during the period. Aspect Partners LLC lifted its stake in shares of AutoZone by 700.0% during the 2nd quarter. Aspect Partners LLC now owns 8 shares of the company’s stock valued at $30,000 after buying an additional 7 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new position in AutoZone in the 3rd quarter worth approximately $34,000. Institutional investors own 92.74% of the company’s stock.

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

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.