Roth Capital Cuts AutoZone (NYSE:AZO) Price Target to $3,850.00

AutoZone (NYSE:AZO) had its price target dropped by equities research analysts at Roth Capital from $4,023.00 to $3,850.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Roth Capital’s target price would indicate a potential upside of 33.63% from the company’s current price.

A number of other equities analysts also recently commented on AZO. Morgan Stanley dropped their target price on shares of AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. Mizuho lowered their price target on AutoZone from $3,200.00 to $3,000.00 and set a “neutral” rating for the company in a report on Wednesday. Truist Financial dropped their price objective on AutoZone from $3,817.00 to $3,648.00 and set a “buy” rating on the stock in a research note on Wednesday. Jefferies Financial Group decreased their target price on AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Finally, BNP Paribas Exane dropped their price target on AutoZone from $4,478.00 to $3,979.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3,724.58.

AutoZone Stock Performance

AutoZone stock traded down $13.54 during mid-day trading on Wednesday, hitting $2,881.19. The company’s stock had a trading volume of 357,308 shares, compared to its average volume of 259,451. The company has a 50 day moving average of $2,986.72 and a 200-day moving average of $3,205.00. AutoZone has a one year low of $2,764.88 and a one year high of $4,332.68. The stock has a market cap of $47.05 billion, a PE ratio of 19.79, a P/E/G ratio of 1.41 and a beta of 0.34.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, September 22nd. The company reported $56.05 earnings per share for the quarter, topping the consensus estimate of $0.54 by $55.51. The business had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $6.70 billion. AutoZone had a negative return on equity of 80.35% and a net margin of 12.40%.The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $48.71 earnings per share. On average, equities research analysts forecast that AutoZone will post 150.61 EPS for the current fiscal year.

AutoZone announced that its board has authorized 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 an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at AutoZone

In other news, VP Dennis LeRiche sold 1,455 shares of AutoZone stock in a transaction on Friday, August 7th. The stock was sold at an average price of $3,100.00, for a total value of $4,510,500.00. Following the transaction, the vice president directly owned 441 shares in the company, valued at approximately $1,367,100. This trade represents a 76.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AZO. BlackRock Inc. purchased a new position in shares of AutoZone during the 2nd quarter valued at about $3,938,566,000. Norges Bank acquired a new stake in AutoZone during the fourth quarter worth about $939,205,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in AutoZone during the second quarter valued at approximately $572,885,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in AutoZone by 11,577.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 141,066 shares of the company’s stock valued at $450,838,000 after acquiring an additional 139,858 shares during the period. Finally, Corient Private Wealth LP acquired a new position in AutoZone in the second quarter valued at approximately $38,604,000. Institutional investors own 92.74% of the company’s stock.

Key AutoZone News

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: AutoZone reported fiscal fourth-quarter earnings of $56.05 per diluted share, above estimates of roughly $54.50 and up from $48.71 a year earlier. Net sales increased 5.6% to approximately $6.6 billion, while operating profit rose 10.1% to $1.3 billion. AutoZone Q4 Earnings Beat Estimates on Tariff Refunds, Sales Miss
• Positive Sentiment: Profitability benefited from gross-margin expansion to 53.3%, partly due to tariff refunds and a favorable non-cash LIFO comparison. The company also repurchased about $697.5 million of stock and opened 175 stores during the quarter. AutoZone Q4 Earnings and Margin Gains
• Positive Sentiment: Management said it is positioned for sales growth in fiscal 2027. Commercial sales and international operations remained comparatively strong, with international same-store sales up 10.7%, supporting the company’s market-share and expansion narrative. Why AutoZone Stock Rallied Today
• Neutral Sentiment: Reported same-store sales increased 2.7%, or 1.5% on a constant-currency basis, with domestic same-store sales up 1.6%. The results indicate continued growth but also show that demand is not accelerating evenly across the business.
• Negative Sentiment: Revenue of $6.59 billion fell short of the approximately $6.7 billion consensus estimate, while softer DIY demand and the same-store-sales performance raised concerns about underlying sales momentum. AutoZone Reports Mixed Fiscal Fourth-Quarter Results
• Negative Sentiment: Analysts lowered price targets following the report: DA Davidson, BMO Capital Markets, Raymond James, Mizuho and Robert W. Baird all reduced targets, although ratings ranged from neutral to strong buy. The cuts suggest expectations have been reset despite the earnings beat. AutoZone Analysts Cut Their Forecasts After Q4 Results

AutoZone Company Profile

AutoZone, Inc is a retailer and distributor of automotive replacement parts, accessories, and maintenance products. The company serves do-it-yourself customers, professional service technicians, and commercial repair businesses through its stores, distribution network, and online platform.

Its product offerings include replacement parts such as batteries, brakes, engine components, and ignition products, along with tools, fluids, filters, and other automotive accessories. AutoZone also provides services such as parts lookup, diagnostic assistance, battery testing and charging, and loaner tools for eligible repairs.

Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone operates primarily in the United States, with additional locations in Mexico and Brazil.