DA Davidson Weighs in on AutoZone, Inc.’s Q4 2024 Earnings (NYSE:AZO)

AutoZone, Inc. (NYSE:AZO) – Stock analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of AutoZone in a research note issued on Wednesday, May 22nd. DA Davidson analyst M. Baker expects that the company will earn $50.18 per share for the quarter. DA Davidson has a “Neutral” rating and a $3,025.00 price target on the stock. The consensus estimate for AutoZone’s current full-year earnings is $152.36 per share.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, May 21st. The company reported $36.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $35.67 by $1.02. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the company posted $34.12 EPS. The company’s revenue was up 3.6% compared to the same quarter last year.

AZO has been the topic of a number of other reports. Wedbush cut their target price on shares of AutoZone from $3,400.00 to $3,200.00 and set an “outperform” rating on the stock in a research report on Wednesday. Evercore ISI cut their target price on shares of AutoZone from $3,300.00 to $3,250.00 and set an “outperform” rating on the stock in a research report on Wednesday. Barclays upped their target price on shares of AutoZone from $2,779.00 to $3,100.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Morgan Stanley cut their price target on shares of AutoZone from $3,100.00 to $3,038.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on shares of AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and an average target price of $3,058.17.

AutoZone Trading Down 1.7 %

AutoZone stock opened at $2,772.64 on Thursday. AutoZone has a 1 year low of $2,277.88 and a 1 year high of $3,256.37. The company has a market cap of $48.02 billion, a PE ratio of 19.52, a PEG ratio of 1.45 and a beta of 0.72. The company’s 50-day moving average is $3,022.78 and its two-hundred day moving average is $2,826.79.

Insider Transactions at AutoZone

In other news, VP Richard Craig Smith sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $2,997.76, for a total transaction of $8,993,280.00. Following the completion of the transaction, the vice president now directly owns 2,921 shares of the company’s stock, valued at approximately $8,756,456.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Eric S. Gould sold 2,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the completion of the transaction, the vice president now directly owns 910 shares of the company’s stock, valued at approximately $2,912,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard Craig Smith sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $2,997.76, for a total value of $8,993,280.00. Following the completion of the sale, the vice president now directly owns 2,921 shares of the company’s stock, valued at approximately $8,756,456.96. The disclosure for this sale can be found here. Insiders sold 15,990 shares of company stock valued at $50,335,193 in the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AutoZone

Large investors have recently made changes to their positions in the stock. LGT Capital Partners LTD. boosted its holdings in shares of AutoZone by 32.2% in the 4th quarter. LGT Capital Partners LTD. now owns 27,250 shares of the company’s stock valued at $70,458,000 after buying an additional 6,630 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of AutoZone by 49.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 155 shares of the company’s stock valued at $401,000 after buying an additional 51 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of AutoZone in the 4th quarter valued at approximately $145,000. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of AutoZone by 17.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 1,701 shares of the company’s stock valued at $4,398,000 after buying an additional 255 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of AutoZone by 8.1% in the 4th quarter. Handelsbanken Fonder AB now owns 7,544 shares of the company’s stock valued at $19,506,000 after buying an additional 566 shares during the last quarter. Institutional investors and hedge funds 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.