Burgundy Asset Management Ltd. Sells 219 Shares of AutoZone, Inc. $AZO

Burgundy Asset Management Ltd. cut its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,324 shares of the company’s stock after selling 219 shares during the period. Burgundy Asset Management Ltd. owned 0.07% of AutoZone worth $47,544,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC raised its holdings in AutoZone by 50.0% in the second quarter. NewSquare Capital LLC now owns 9 shares of the company’s stock worth $33,000 after purchasing an additional 3 shares in the last quarter. Westpac Banking Corp raised its stake in shares of AutoZone by 2.6% in the second quarter. Westpac Banking Corp now owns 118 shares of the company’s stock worth $438,000 after purchasing an additional 3 shares during the last quarter. AlphaCore Capital LLC lifted its stake in AutoZone by 42.9% during the 2nd quarter. AlphaCore Capital LLC now owns 10 shares of the company’s stock valued at $37,000 after acquiring an additional 3 shares during the period. L2 Asset Management LLC lifted its position in AutoZone by 4.2% during 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 period. Finally, AssuredPartners Investment Advisors LLC boosted its stake in shares of AutoZone by 2.5% in the 3rd quarter. AssuredPartners Investment Advisors LLC now owns 125 shares of the company’s stock worth $536,000 after buying an additional 3 shares during the last quarter. 92.74% of the stock is owned by institutional investors.

Insider Transactions at AutoZone

In related news, Director Earl G. Graves, Jr. sold 250 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $3,295.00, for a total transaction of $823,750.00. Following the completion of the sale, the director directly owned 4,887 shares in the company, valued at $16,102,665. This represents a 4.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Richard Craig Smith sold 5,910 shares of the stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $3,700.00, for a total transaction of $21,867,000.00. Following the sale, the vice president directly owned 2,627 shares of the company’s stock, valued at approximately $9,719,900. The trade was a 69.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders purchased 347 shares of company stock worth $1,179,256 and sold 9,447 shares worth $34,179,923. 2.60% of the stock is currently owned by insiders.

Key Stories Impacting AutoZone

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: AutoZone reiterated an aggressive growth plan, targeting 350–360 new stores in 2026, signaling continued capital deployment to expand retail footprint and commercial sales channels. AutoZone targets 350–360 new stores for 2026
• Positive Sentiment: Q2 EPS slightly beat expectations ($27.63 vs. $27.59 consensus), showing underlying cash generation and supporting many analysts’ buy/overweight stances. AutoZone Q2 Earnings Beat
• Positive Sentiment: Several major brokers raised price targets (Goldman Sachs, Citi, Morgan Stanley, Barclays), keeping a generally constructive analyst tone that supports upside expectations. Analyst price target moves
• Neutral Sentiment: Top-line was mixed — net sales rose ~8% YoY but missed Street revenue estimates (~$4.27B vs. $4.31B expected), creating ambiguity about near-term demand trends. Sales below analyst estimates
• Neutral Sentiment: Company discussed LIFO accounting impacts and accelerated SG&A investment in the quarter — these choices support growth but complicate near-term margin comparability. LIFO and SG&A note
• Negative Sentiment: Margin pressure was a clear negative theme — higher production costs and inflationary headwinds compressed gross margins and contributed to a stock sell-off immediately after results. Margins fall after inflationary headwinds
• Negative Sentiment: Winter storms and weaker domestic same-store sales (despite positive comps) were called out as near-term demand headwinds that contributed to the revenue miss. Winter storms hurt sales
• Negative Sentiment: Some analysts trimmed targets (DA Davidson, Truist, BMO lowered theirs) or cautioned on margins, reflecting divergent views on how quickly profit metrics will recover. Analyst target cuts

AutoZone Stock Up 2.1%

AZO opened at $3,711.77 on Thursday. The company has a market capitalization of $61.50 billion, a P/E ratio of 26.00, a PEG ratio of 1.74 and a beta of 0.41. AutoZone, Inc. has a 52 week low of $3,210.72 and a 52 week high of $4,388.11. The stock’s fifty day moving average is $3,612.21 and its two-hundred day moving average is $3,824.75.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AZO. DA Davidson dropped their price objective on shares of AutoZone from $4,500.00 to $4,100.00 and set a “buy” rating on the stock in a report on Tuesday. Robert W. Baird lowered AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price objective for the company. in a research note on Monday, February 9th. Truist Financial dropped their target price on shares of AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating for the company in a research report on Wednesday. The Goldman Sachs Group increased their price target on AutoZone from $4,274.00 to $4,345.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Wolfe Research cut shares of AutoZone from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, December 16th. One 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4,300.70.

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.