AutoZone, Inc.

(New York Stock Exchange)
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Somewhat Bearish -25

Insider Selling: AutoZone (NYSE:AZO) CFO Sells $22,905,999.00 in Stock

Analyst downgrade Insider transaction AI-generated analysis

πŸ“‰ AutoZone CFO Jamere Jackson sold 6,900 shares for a total value of $22,905,999.00 on November 4th.

πŸ’° The insider sale reduced the CFO's ownership stake by 93.29%, leaving him with 496 remaining shares.

πŸ“Š Q2 earnings showed EPS of $0.56 beating estimates, but revenue of $6.59 billion missed analyst expectations of $6.70 billion.

πŸ“‰ Wells Fargo lowered its price objective from $4,150 to $3,500 while maintaining an 'overweight' rating.

πŸ“‰ Mizuho reduced its price target from $3,200 to $3,000 and downgraded the stock to a 'neutral' rating.

πŸ“‰ Citigroup cut its price objective from $3,700 to $3,450 while retaining a 'buy' rating on the shares.

πŸ“‰ Robert W. Baird decreased its price target from $3,600 to $3,400 and issued a 'neutral' rating.

🏦 Institutional ownership remains high at 92.74%, with Bank of America adding a new stake worth $233.5 million in Q2.

πŸ“ˆ Benchmark Investment Advisors acquired a new position valued at approximately $713,000 during the second quarter.

πŸš€ CYBER HORNET ETFs LLC significantly lifted its position by 33,193.5% to own shares valued at nearly $49 million.

Bullish Signals
  • AutoZone reported Q2 EPS of $0.56, which beat the consensus estimate of $0.54.
  • Revenue grew 5.6% year-over-year to reach $6.59 billion despite missing analyst estimates.
Risk Factors
  • Q2 revenue of $6.59 billion fell short of the $6.70 billion consensus estimate.
  • Wells Fargo lowered its price objective from $4,150 to $3,500 in a recent report.
  • Mizuho reduced its price target from $3,200 to $3,000 and downgraded the rating to neutral.
  • Citigroup cut its price objective from $3,700 to $3,450 in a research note.
  • Robert W. Baird decreased its price target from $3,600 to $3,400 and issued a neutral rating.
Full Analysis
AutoZone CFO Jamere Jackson executed a significant insider sale on November 4th, selling 6,900 shares at an average price of $3,319.71 for a total value of approximately $22.9 million. This transaction reduced his personal ownership stake by 93.29%, leaving him with only 496 shares valued at roughly $1.65 million. The sale was disclosed via an SEC filing and represents a substantial reduction in the executive's direct equity position. The company recently reported its Q2 earnings on September 22nd, delivering EPS of $0.56 which significantly beat analyst consensus estimates of $0.54. However, revenue came in slightly below expectations at $6.59 billion versus an estimated $6.70 billion, though year-over-year growth remained positive at 5.6%. The business posted a net margin of 12.65% and operates with a market capitalization of $51.77 billion. Market sentiment regarding AutoZone has shifted negatively in recent broker research, with major institutions like Wells Fargo, Mizuho, Citigroup, and Robert W. Baird all lowering their price targets between September 10th and September 23rd. Despite these downgrades, the stock maintains a consensus 'Moderate Buy' rating from analysts with an average target price of $3,674.36, while hedge fund activity remains mixed with some entities increasing positions significantly.