DA Davidson Forecasts AutoZone’s FY2025 Earnings (NYSE:AZO)

AutoZone, Inc. (NYSE:AZO) – Investment analysts at DA Davidson reduced their FY2025 earnings per share estimates for shares of AutoZone in a note issued to investors on Tuesday, March 25th. DA Davidson analyst M. Baker now anticipates that the company will post earnings of $147.94 per share for the year, down from their prior estimate of $149.30. DA Davidson has a “Buy” rating and a $4,192.00 price objective on the stock. The consensus estimate for AutoZone’s current full-year earnings is $152.94 per share. DA Davidson also issued estimates for AutoZone’s FY2026 earnings at $174.41 EPS.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.98 billion.

A number of other research analysts also recently issued reports on AZO. Wedbush restated an “outperform” rating and set a $3,700.00 target price on shares of AutoZone in a research report on Wednesday, March 5th. Truist Financial boosted their price objective on AutoZone from $3,753.00 to $3,841.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Bank of America raised their target price on AutoZone from $3,600.00 to $3,700.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. BMO Capital Markets upped their price objective on shares of AutoZone from $3,700.00 to $3,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. increased their price target on AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $3,683.36.

AutoZone Price Performance

AZO stock opened at $3,680.19 on Thursday. The company has a market capitalization of $61.76 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. AutoZone has a 12 month low of $2,728.97 and a 12 month high of $3,704.43. The firm’s fifty day simple moving average is $3,460.20 and its 200-day simple moving average is $3,270.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Pittenger & Anderson Inc. raised its stake in AutoZone by 5.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock worth $195,000 after purchasing an additional 3 shares during the period. Sound View Wealth Advisors Group LLC increased its holdings in shares of AutoZone by 2.0% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company’s stock worth $487,000 after buying an additional 3 shares during the last quarter. PDS Planning Inc raised its position in shares of AutoZone by 2.3% during the 4th quarter. PDS Planning Inc now owns 132 shares of the company’s stock valued at $423,000 after buying an additional 3 shares during the period. Harbour Investments Inc. lifted its holdings in AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock valued at $32,000 after acquiring an additional 3 shares during the last quarter. Finally, Meeder Advisory Services Inc. grew its position in AutoZone by 0.8% in the fourth quarter. Meeder Advisory Services Inc. now owns 371 shares of the company’s stock worth $1,188,000 after acquiring an additional 3 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Activity at AutoZone

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the transaction, the senior vice president now owns 50 shares of the company’s stock, valued at approximately $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP K. Michelle Borninkhof sold 136 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of the sale, the senior vice president now owns 403 shares of the company’s stock, valued at approximately $1,430,682.24. The trade was a 25.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,721 shares of company stock valued at $17,009,311. Corporate insiders own 2.10% of the company’s stock.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.