NFC Investments LLC Has $24.30 Million Holdings in AutoZone, Inc. $AZO

NFC Investments LLC cut its stake in AutoZone, Inc. (NYSE:AZO) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,664 shares of the company’s stock after selling 427 shares during the quarter. AutoZone makes up approximately 7.0% of NFC Investments LLC’s investment portfolio, making the stock its 4th largest holding. NFC Investments LLC’s holdings in AutoZone were worth $24,300,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. NewSquare Capital LLC grew its stake in AutoZone by 50.0% in the 2nd quarter. NewSquare Capital LLC now owns 9 shares of the company’s stock valued at $33,000 after buying an additional 3 shares during the last quarter. Westpac Banking Corp lifted its position in AutoZone by 2.6% during the second quarter. Westpac Banking Corp now owns 118 shares of the company’s stock worth $438,000 after acquiring an additional 3 shares during the last quarter. AlphaCore Capital LLC boosted its holdings in shares of AutoZone by 42.9% during the second quarter. AlphaCore Capital LLC now owns 10 shares of the company’s stock worth $37,000 after acquiring an additional 3 shares during the period. L2 Asset Management LLC grew its position in shares of AutoZone by 4.2% in the second quarter. L2 Asset Management LLC now owns 75 shares of the company’s stock valued at $278,000 after purchasing an additional 3 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC increased its stake in shares of AutoZone by 2.5% during the third quarter. AssuredPartners Investment Advisors LLC now owns 125 shares of the company’s stock worth $536,000 after purchasing an additional 3 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Up 2.1%

AZO opened at $3,711.77 on Thursday. The stock has a market capitalization of $61.50 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 1.74 and a beta of 0.41. AutoZone, Inc. has a twelve month low of $3,210.72 and a twelve month high of $4,388.11. The company has a 50-day simple moving average of $3,612.21 and a 200 day simple moving average of $3,824.75.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, March 3rd. The company reported $27.63 EPS for the quarter, beating the consensus estimate of $27.59 by $0.04. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period last year, the firm earned $28.29 EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Sell-side analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AZO has been the topic of a number of research reports. Evercore upped their price objective on AutoZone from $4,100.00 to $4,125.00 and gave the company an “outperform” rating in a report on Friday, February 27th. DA Davidson decreased their price target on shares of AutoZone from $4,500.00 to $4,100.00 and set a “buy” rating on the stock in a research note on Tuesday. Roth Mkm lowered their price target on shares of AutoZone from $4,650.00 to $4,526.00 and set a “buy” rating on the stock in a research report on Wednesday. BMO Capital Markets cut their price objective on shares of AutoZone from $4,400.00 to $4,300.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, TD Cowen restated a “buy” rating on shares of AutoZone in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and an average target price of $4,300.70.

Insider Buying and Selling at AutoZone

In other AutoZone news, Director Michael A. George purchased 145 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were bought at an average price of $3,398.13 per share, for a total transaction of $492,728.85. Following the purchase, the director owned 566 shares in the company, valued at approximately $1,923,341.58. This trade represents a 34.44% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George R. Mrkonic, Jr. sold 97 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $3,341.99, for a total value of $324,173.03. Following the transaction, the director directly owned 3,564 shares of the company’s stock, valued at $11,910,852.36. This trade represents a 2.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 347 shares of company stock valued at $1,179,256 and sold 9,447 shares valued at $34,179,923. Company insiders own 2.60% of the company’s stock.

AutoZone News Summary

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: EPS beat and revenue growth: AutoZone topped quarterly EPS estimates and delivered +8% sales year-over-year, with commercial sales and store openings helping offset weaknesses. Earnings Beat
• Positive Sentiment: Growth blueprint: Management reiterated an aggressive store-growth plan (targeting ~350–360 new stores in 2026), which supports longer-term revenue and commercial expansion. Store Growth Plan
• Positive Sentiment: Analyst upside: Multiple major firms raised targets or reiterated buys (Goldman Sachs, Citigroup, Morgan Stanley, Barclays among others), providing visible broker support that likely buoyed the stock. Analyst Raises
• Neutral Sentiment: Mixed analyst actions: While several banks lifted targets, others trimmed theirs (BMO, DA Davidson, Roth, Truist made adjustments), leaving a split analyst picture and some debate over valuation vs. execution. Price Target Moves
• Negative Sentiment: Top-line weakness from weather and comps: Management said winter storms and weaker comparable-store sales (including softness in Mexico) drove the revenue shortfall relative to expectations. That miss weighed on near-term sentiment. Winter Weather Impact
• Negative Sentiment: Margin pressure and cost headwinds: Inflationary input costs, higher production expenses, LIFO accounting effects and accelerated SG&A investment compressed margins and prompted analyst scrutiny of profit sustainability. Margin Pressure

About AutoZone

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.