Wedbush Has Pessimistic Outlook of AutoZone Q3 Earnings

AutoZone, Inc. (NYSE:AZO - Free Report) - Equities research analysts at Wedbush reduced their Q3 2025 EPS estimates for shares of AutoZone in a research report issued on Wednesday, December 11th. Wedbush analyst S. Basham now anticipates that the company will post earnings of $39.25 per share for the quarter, down from their prior estimate of $40.18. Wedbush has a "Outperform" rating and a $3,200.00 price objective on the stock. The consensus estimate for AutoZone's current full-year earnings is $154.29 per share.

AutoZone (NYSE:AZO - Get Free Report) last issued its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). The firm had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $32.55 earnings per share.

Several other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. BMO Capital Markets assumed coverage on shares of AutoZone in a report on Friday. They issued an "outperform" rating and a $3,700.00 target price on the stock. TD Cowen increased their price target on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a "buy" rating in a report on Monday. Redburn Atlantic upgraded AutoZone to a "strong-buy" rating in a research report on Tuesday, October 1st. Finally, Truist Financial upped their price objective on AutoZone from $3,501.00 to $3,753.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $3,384.89.

AutoZone Stock Performance

NYSE:AZO traded down $16.60 during trading hours on Monday, reaching $3,353.67. The stock had a trading volume of 136,064 shares, compared to its average volume of 139,484. The stock has a market capitalization of $56.69 billion, a PE ratio of 22.41, a PEG ratio of 1.73 and a beta of 0.71. AutoZone has a 52 week low of $2,510.00 and a 52 week high of $3,416.71. The company has a 50 day moving average price of $3,161.08 and a two-hundred day moving average price of $3,073.34.

Insider Transactions at AutoZone

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

Institutional Trading of AutoZone

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its stake in shares of AutoZone by 354,692.5% during the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company's stock worth $31,293,100,000 after purchasing an additional 993,139 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of AutoZone during the second quarter valued at about $424,000. Baillie Gifford & Co. lifted its position in shares of AutoZone by 2,714.8% during the second quarter. Baillie Gifford & Co. now owns 120,194 shares of the company's stock valued at $356,267,000 after buying an additional 115,924 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of AutoZone by 186.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company's stock valued at $292,544,000 after buying an additional 60,483 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of AutoZone by 319.0% in the 2nd quarter. Squarepoint Ops LLC now owns 36,225 shares of the company's stock worth $107,375,000 after buying an additional 27,580 shares during the last quarter. Institutional investors own 92.74% 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.