AutoZone, Inc.

New York Stock Exchange
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Slightly Bullish +25

AutoZone, Inc. $AZO Shares Acquired by Silverleafe Capital Partners LLC

AI-generated analysis

📈 Silverleafe Capital Partners LLC increased its AutoZone (AZO) holdings by 10.3% in the fourth quarter, purchasing an additional 262 shares to reach a total of 2,814 shares worth $9.54 million.

💼 AZO now comprises 2.8% of Silverleafe Capital's portfolio, representing its 11th largest holding among all investments managed by the firm.

📊 Multiple institutional investors adjusted their stakes in AutoZone during recent quarters, with significant gains from Numerai GP LLC (+1,199.3%) and Braun Stacey Associates Inc. (+7.8%).

💰 Summit Global Investments and Banco Bilbao Vizcaya Argentaria S.A. also increased their holdings, while Foundations Investment Advisors LLC established a new position worth approximately $678,000.

📉 Institutional investors and hedge funds collectively own 92.74% of AutoZone's outstanding stock, indicating high institutional confidence in the retailer.

📊 Recent trading data shows AZO shares opened at $3,385.74 on Thursday, with a current market capitalization of $55.80 billion and a P/E ratio of 23.72.

⚠️ Price targets from major analysts vary, ranging from BNP Paribas Exane's lowered target of $4,268 to UBS Group's bullish target of $4,800 per share.

📈 Analyst sentiment remains mixed with a Moderate Buy consensus rating based on 28 total recommendations including Strong Buy, Buy, Hold ratings.

💼 Director George R. Mrkonic, Jr. sold 97 shares in early January for approximately $324,173, reducing his ownership stake by 2.65%.

📉 Director Earl G. Graves, Jr. also sold 250 shares on the same day for roughly $823,750, decreasing his position by 4.87% of total holdings.

🏢 Company insiders collectively reduced their stakes in the last 90 days, selling 9,447 shares valued at approximately $34.18 million.

🔧 AutoZone operates as a retailer and distributor of automotive replacement parts and accessories headquartered in Memphis, Tennessee.

🛠️ The company supplies aftermarket components for passenger cars, light trucks, and commercial vehicles to both DIY consumers and professional repair shops.

Bullish Signals
  • Silverleafe Capital Partners LLC increased its holdings in AutoZone, Inc. (NYSE:AZO) by 10.3% during the fourth quarter, raising institutional confidence in the company.
  • Banco Bilbao Vizcaya Argentaria S.A. lifted its stake by 6.6%, now owning 4,966 shares valued at $21,315,000.
  • Braun Stacey Associates Inc. grew its holdings by 7.8% during the third quarter to own 8,425 shares worth $36,145,000.
  • Summit Global Investments significantly increased its position by 132.8%, demonstrating strong belief in AutoZone's prospects.
  • Numerai GP LLC raised its position by an impressive 1,199.3% in the third quarter, adding 1,619 shares to its portfolio.
  • Foundations Investment Advisors LLC entered a new position in AutoZone worth approximately $678,000 in the third quarter.
  • Over 92.74% of AutoZone's stock is owned by institutional investors and hedge funds, indicating broad market validation.
  • Roth Mkm cut their price objective but maintained a 'buy' rating, signaling continued confidence from major analysts.
  • Jefferies Financial Group restated a 'buy' rating with a $4,400.00 target price on shares of AutoZone.
  • BNP Paribas Exane set an 'outperform' rating despite lowering their price target to $4,268.00.
  • The stock has a strong consensus with one Strong Buy rating, twenty-one Buy ratings, and six Hold ratings from equities analysts.
Risk Factors
  • Shares of AZO opened at $3,385.74, which is below its 200-day moving average of $3,756.10 and below its 50-day moving average of $3,648.59, indicating potential downside momentum.
  • The stock has a market cap of $55.80 billion but trades at a P/E ratio of 23.72, which may be elevated given the retail automotive parts sector's current volatility.
  • Director George R. Mrkonic, Jr. sold 97 shares valued at $324,173.03 on January 2nd, representing a 2.65% decrease in his ownership position.
  • Director Earl G. Graves, Jr. sold 250 shares valued at $823,750.00 on January 2nd, reducing his stake by 4.87%.
  • In the last 90 days, insiders have collectively sold 9,447 shares of company stock worth $34,179,923, signaling potential insider conviction weakness.
  • Company insiders own only 2.60% of the stock, which is low compared to many established retailers and suggests reduced alignment between management and shareholders.
  • Analyst sentiment has mixed; Wolfe Research lowered AutoZone from an "outperform" rating to a "peer perform" rating in December 16th, while BNP Paribas Exane cut their price target by over $543 from $4,811.00 to $4,268.00.
  • Roth Mkm also cut their price objective from $4,650.00 to $4,526.00 in early March, reflecting some analyst caution despite maintaining a "buy" rating.
Full Analysis
Silverleafe Capital Partners LLC increased its holdings in AutoZone, Inc. (NYSE:AZO) by 10.3% during the fourth quarter, reporting a total ownership of 2,814 shares valued at $9,543,000 after acquiring an additional 262 shares. Following this acquisition, AutoZone represents approximately 2.8% of Silverleafe Capital Partners LLC's investment portfolio and is listed as its 11th largest holding. During the same period, a number of other institutional investors adjusted their positions; Banco Bilbao Vizcaya Argentaria S.A. increased its stake by 6.6%, while Braun Stacey Associates Inc. grew its holdings by 7.8%. Notable increases were also recorded by Summit Global Investments (132.8%) and Numerai GP LLC (1,199.3%), which holds the largest single position among those listed at 1,754 shares valued at $7,525,000. The article details that institutional investors and hedge funds collectively own 92.74% of AutoZone's stock. Financial data indicates the company has a market capitalization of $55.80 billion with a P/E ratio of 23.72 and a beta of 0.41. As of Thursday, shares opened at $3,385.74, trading within a 12-month range between a low of $3,210.72 and a high of $4,388.11. Technical indicators show the stock is currently trading below its 50-day moving average of $3,648.59 and the 200-day moving average of $3,756.10. Recent analyst activity reflects mixed signals; while UBS Group set a price target of $4,800.00 and Roth Mkm issued a "buy" rating with an objective of $4,526.00, Wolfe Research downgraded its rating to "peer perform," and BNP Paribas Exane lowered its price target to $4,268.00. MarketBeat data summarizes the stock with an average rating of "Moderate Buy" and an average target price of $4,312.13 based on one Strong Buy, twenty-one Buy ratings, and six Hold ratings from equities analysts. Insider trading activity was also disclosed, with Director George R. Mrkonic, Jr. selling 97 shares for approximately $324,173.03 and Director Earl G. Graves, Jr. selling 250 shares for $823,750.00 on Friday, January 2nd. Following these transactions, insiders collectively own 2.60% of the company's stock, with a net sale of 9,447 shares valued at $34,179,923 over the last 90 days. After the sales, Mrkonic, Jr. retained 3,564 shares valued at approximately $11.9 million, while Graves, Jr. holds 4,887 shares worth about $16.1 million. AutoZone, Inc. is a retailer and distributor of automotive replacement parts and accessories headquartered in Memphis, Tennessee. The company supplies aftermarket components, maintenance items, and accessories for passenger cars, light trucks, and commercial vehicles to both do-it-yourself consumers and professional service providers like independent repair shops. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids, and various interior and exterior accessories.