Q4 Earnings Estimate for AutoZone Issued By Zacks Research

AutoZone, Inc. (NYSE:AZO) – Equities researchers at Zacks Research boosted their Q4 2026 EPS estimates for shares of AutoZone in a note issued to investors on Wednesday, June 17th. Zacks Research analyst Team now forecasts that the company will post earnings of $54.63 per share for the quarter, up from their previous estimate of $53.85. The consensus estimate for AutoZone’s current full-year earnings is $150.51 per share. Zacks Research also issued estimates for AutoZone’s Q3 2027 earnings at $42.64 EPS, Q4 2027 earnings at $61.70 EPS, FY2027 earnings at $174.73 EPS, Q1 2028 earnings at $43.62 EPS, Q2 2028 earnings at $40.45 EPS, Q3 2028 earnings at $45.66 EPS and FY2028 earnings at $197.32 EPS.

Several other brokerages also recently issued reports on AZO. Barclays increased their price target on AutoZone from $3,800.00 to $3,900.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Citigroup reduced their price objective on AutoZone from $4,300.00 to $3,700.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. BNP Paribas Exane lowered their target price on AutoZone from $4,478.00 to $3,979.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Truist Financial set a $3,700.00 target price on AutoZone in a report on Wednesday, May 27th. Finally, Robert W. Baird dropped their target price on AutoZone from $3,900.00 to $3,600.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,040.87.

AutoZone Stock Performance

NYSE AZO opened at $3,064.22 on Friday. The firm’s fifty day moving average price is $3,341.84 and its two-hundred day moving average price is $3,487.41. The stock has a market cap of $50.04 billion, a PE ratio of 21.07, a PEG ratio of 1.55 and a beta of 0.35. AutoZone has a fifty-two week low of $2,928.11 and a fifty-two week high of $4,388.11.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, beating the consensus estimate of $36.22 by $1.85. AutoZone had a net margin of 12.40% and a negative return on equity of 80.35%. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the firm earned $35.36 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of AutoZone by 6.6% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,966 shares of the company’s stock valued at $21,315,000 after purchasing an additional 306 shares in the last quarter. Numerai GP LLC grew its holdings in AutoZone by 1,199.3% during the third quarter. Numerai GP LLC now owns 1,754 shares of the company’s stock worth $7,525,000 after buying an additional 1,619 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in AutoZone in the 4th quarter valued at $1,808,000. ANTIPODES PARTNERS Ltd raised its holdings in shares of AutoZone by 185.7% in the third quarter. ANTIPODES PARTNERS Ltd now owns 640 shares of the company’s stock valued at $2,746,000 after purchasing an additional 416 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its holdings in AutoZone by 15.2% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 14,224 shares of the company’s stock worth $48,241,000 after acquiring an additional 1,882 shares during the period. 92.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AutoZone

In related news, Director Earl G. Graves, Jr. sold 50 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total value of $173,936.00. Following the sale, the director owned 4,837 shares of the company’s stock, valued at $16,826,568.64. The trade was a 1.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brian Hannasch acquired 165 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average price of $2,987.00 per share, with a total value of $492,855.00. Following the completion of the acquisition, the director directly owned 1,219 shares of the company’s stock, valued at $3,641,153. This trade represents a 15.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.60% of the stock is currently owned by company insiders.

AutoZone announced that its board has initiated a share repurchase program on Tuesday, June 16th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Key AutoZone News

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Zacks Research lifted FY2026 EPS to $151.37 from $150.59, slightly above the current consensus of $150.51, signaling stronger-than-expected profitability.
• Positive Sentiment: The firm also raised FY2027 EPS to $174.73, FY2028 EPS to $197.32, and increased quarterly estimates for Q1, Q3, and Q4 2027 as well as Q1, Q2, and Q3 2028, reinforcing a positive long-term earnings trend.
• Neutral Sentiment: A separate note from June 17 trimmed Q2 2027 EPS slightly to $32.61 from $32.78, but the change was small and was more than offset by multiple upward revisions in other periods.
• Neutral Sentiment: AutoZone recently reported quarterly EPS of $38.07, beating estimates, while revenue was slightly below consensus; this mixed but generally solid report continues to frame investor expectations.

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.