Roth Capital Issues Negative Forecast for AutoZone Earnings

AutoZone, Inc. (NYSE:AZO) – Equities research analysts at Roth Capital cut their Q2 2025 earnings estimates for AutoZone in a report released on Wednesday, December 11th. Roth Capital analyst S. Stember now expects that the company will post earnings per share of $29.16 for the quarter, down from their previous forecast of $30.90. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for AutoZone’s current full-year earnings is $155.79 per share.

Several other brokerages have also commented on AZO. Evercore ISI increased their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley increased their price target on AutoZone from $3,038.00 to $3,125.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Wedbush restated an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a research note on Thursday, September 19th. Guggenheim boosted their target price on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, The Goldman Sachs Group cut shares of AutoZone from a “buy” rating to a “sell” rating and decreased their price target for the stock from $3,205.00 to $2,917.00 in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,339.25.

AutoZone Stock Up 0.1 %

Shares of AZO opened at $3,345.71 on Friday. The company has a 50 day moving average of $3,148.28 and a two-hundred day moving average of $3,061.08. AutoZone has a twelve month low of $2,510.00 and a twelve month high of $3,416.71. The company has a market cap of $56.56 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 1.70 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $32.55 EPS.

Insider Transactions at AutoZone

In related news, Chairman William C. Rhodes III sold 300 shares of AutoZone stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total value of $922,560.00. Following the completion of the transaction, the chairman now owns 13,857 shares in the company, valued at $42,613,046.40. The trade was a 2.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John Scott Murphy sold 1,580 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the transaction, the vice president now owns 1,218 shares in the company, valued at $3,785,166.42. This represents a 56.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,880 shares of company stock valued at $46,225,660 in the last 90 days. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AutoZone

Large investors have recently added to or reduced their stakes in the stock. Oddo BHF Asset Management Sas acquired a new position in shares of AutoZone during the third quarter valued at approximately $2,208,000. Franklin Resources Inc. raised its stake in AutoZone by 18.1% in the 3rd quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock valued at $141,717,000 after purchasing an additional 6,898 shares during the last quarter. Asset Advisors Investment Management LLC lifted its holdings in AutoZone by 44.9% in the 3rd quarter. Asset Advisors Investment Management LLC now owns 1,678 shares of the company’s stock valued at $5,286,000 after purchasing an additional 520 shares in the last quarter. Tidal Investments LLC lifted its holdings in AutoZone by 38.6% in the 3rd quarter. Tidal Investments LLC now owns 1,192 shares of the company’s stock valued at $3,755,000 after purchasing an additional 332 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in AutoZone during the 3rd quarter worth $781,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

About AutoZone

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.