AutoZone (NYSE:AZO) Rating Increased to Neutral at The Goldman Sachs Group (2025)

AutoZone (NYSE:AZO - Get Free Report) was upgraded by equities researchers at The Goldman Sachs Group from a "sell" rating to a "neutral" rating in a research report issued on Tuesday, MarketBeat.com reports. The firm presently has a $3,811.00 target price on the stock, up from their previous target price of $3,044.00. The Goldman Sachs Group's target price indicates a potential upside of 4.30% from the company's current price.

AZO has been the topic of several other reports. DA Davidson raised AutoZone from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $3,500.00 to $4,192.00 in a report on Friday, March 21st. TD Cowen boosted their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. JPMorgan Chase & Co. raised their target price on AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Citigroup upped their price target on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, Evercore ISI raised their price objective on shares of AutoZone from $3,525.00 to $3,700.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $3,724.00.

View Our Latest Stock Report on AutoZone

AutoZone Trading Down 4.5 %

NYSE AZO traded down $172.13 on Tuesday, reaching $3,654.02. The company's stock had a trading volume of 205,770 shares, compared to its average volume of 131,657. AutoZone has a 52 week low of $2,728.97 and a 52 week high of $3,916.81. The firm has a market cap of $61.32 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54. The business has a 50-day moving average price of $3,524.84 and a 200 day moving average price of $3,297.98.

AutoZone (NYSE:AZO - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. Analysts anticipate that AutoZone will post 152.94 earnings per share for the current fiscal year.

Insider Transactions at AutoZone

In related news, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP K. Michelle Borninkhof sold 136 shares of the stock in a transaction that occurred 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 directly owns 403 shares of the company's stock, valued at approximately $1,430,682.24. The trade was a 25.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,721 shares of company stock valued at $24,609,331 in the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AutoZone

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in AutoZone by 1.8% in the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company's stock valued at $1,326,545,000 after buying an additional 7,365 shares during the period. Proficio Capital Partners LLC lifted its holdings in AutoZone by 482,040.2% during the 4th quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company's stock valued at $1,343,117,000 after purchasing an additional 419,375 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in AutoZone by 5.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 324,616 shares of the company's stock worth $1,039,421,000 after purchasing an additional 17,518 shares during the period. Norges Bank acquired a new position in shares of AutoZone in the fourth quarter valued at $834,556,000. Finally, PineStone Asset Management Inc. raised its position in shares of AutoZone by 6.9% in the fourth quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company's stock valued at $683,867,000 after purchasing an additional 13,771 shares during the period. 92.74% of the stock is owned by institutional investors.

About AutoZone

(Get Free Report)

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.

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