AutoZone, Inc.

New York Stock Exchange
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Somewhat Bullish +45

Burney Co. Has $20.82 Million Stock Position in AutoZone, Inc. $AZO

AI-generated analysis

📉 Burney Co. reduced its AutoZone stake by 9.7% in Q1 to hold 6,164 shares valued at $20.82 million.

📈 Norges Bank added a new stake worth approximately $939.2 million during the fourth quarter.

📈 Morgan Stanley increased its position by 17.8% to own 492,794 shares valued at $1.67 billion.

📈 Northwestern Mutual Wealth Management Co. grew its stake by 387.1% to hold 77,792 shares worth $263.8 million.

📈 Mitsubishi UFJ Asset Management raised its position by 39.5% to own 176,986 shares valued at $584.7 million.

📈 AQR Capital Management increased its stake by 80.8% in Q3 to hold 101,185 shares worth $432 million.

💰 AutoZone's board authorized a new stock buyback plan allowing the repurchase of up to $1.5 billion in shares.

📊 The stock trades at a market cap of $48.27 billion with a P/E ratio of 20.32 and a beta of 0.33.

🎯 Analyst consensus rating is 'Moderate Buy' with an average price target of $4,040.87 versus the current price near $2,956.

📉 Goldman Sachs lowered its price target from $4,345 to $4,096 while maintaining a 'buy' rating.

📉 Roth Mkm dropped its price objective from $4,526 to $4,023 but retained a 'buy' rating.

👔 Director Earl G. Graves Jr. sold 50 shares for $173,936, reducing his personal holding by 1.02%.

👔 Director Brian Hannasch acquired 165 shares for $492,855, increasing his direct ownership by 15.65%.

🏢 Institutional investors collectively own 92.74% of AutoZone's outstanding stock.

Bullish Signals
  • Major institutional investors including Norges Bank, Morgan Stanley, and Mitsubishi UFJ have significantly increased their stakes in the fourth quarter, indicating strong confidence in the company's long-term prospects.
  • The board has authorized a $1.5 billion share buyback program, which often signals that management believes the stock is undervalued relative to its intrinsic worth.
  • Analysts maintain a consensus 'Moderate Buy' rating with an average price target of $4,040.87, suggesting significant upside potential from the current trading levels near $2,956.
  • Despite some recent price target reductions by Goldman Sachs and Roth Mkm, the majority of analysts (21 out of 27) hold a 'Buy' or 'Strong Buy' rating on the stock.
Risk Factors
  • Goldman Sachs recently cut its price target for AutoZone from $4,345 to $4,096, reflecting a more conservative valuation outlook.
  • Roth Mkm lowered its price objective from $4,526 to $4,023, indicating a reduction in expected upside compared to previous estimates.
  • Weiss Ratings downgraded the stock's rating from 'hold (c+)' to 'hold (c)', suggesting a slight deterioration in credit or fundamental quality perception.
  • Director Earl G. Graves Jr. sold 50 shares of his holding, representing a small but notable reduction in insider ownership.
Full Analysis
AutoZone, Inc. (NYSE: AZO) saw a mixed institutional landscape in the first quarter of 2026, with Burney Co. reducing its stake by 9.7% to hold 6,164 shares worth $20.82 million. Conversely, major investors including Norges Bank, Morgan Stanley, Northwestern Mutual, Mitsubishi UFJ, and AQR Capital Management all increased their positions significantly during the fourth quarter or third quarter, with stakes ranging from roughly $263 million to over $1.67 billion. The company's stock is currently trading at approximately $2,956, presenting a discount against analyst consensus price targets averaging around $4,041. Following a board authorization on June 16th, AutoZone has the capacity to repurchase up to $1.5 billion in shares, representing roughly 3% of its outstanding stock, signaling management's confidence in the asset's value. Analyst sentiment remains generally positive with a consensus 'Moderate Buy' rating from over twenty-five analysts, though recent price targets have been adjusted downward by Goldman Sachs and Roth Mkm. Corporate insider activity shows mixed signals, with Director Earl G. Graves Jr. selling shares while Director Brian Hannasch acquired a new position.