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Why AutoZone (AZO) Stock Is Up Today

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AutoZone (AZO) is up 3.3% today. Here is some analysis on what might have caused this price movement. ([quiverquant.com](https://www.quiverquant.com/news/AutoZone%2Bshares%2Bclimb%2Bas%2Binvestors%2Bappear%2Bto%2Bfocus%2Bon%2Bfresh%2Bbuyback%2Bsupport%2Band%2Brecent%2Boperating%2Bmomentum?utm_source=openai))

Analysis: The clearest explanation appears to be continued investor optimism around AutoZone’s recent operating momentum and its aggressive capital returns. This could be because the company posted solid fiscal third-quarter growth in May and then expanded its stock repurchase authorization by $1.5 billion in June, even though there does not appear to be a major fresh company-specific announcement driving today’s move. ([about.autozone.com](https://about.autozone.com/news-releases/news-release-details/autozone-3rd-quarter-total-company-same-store-sales-increase-39?utm_source=openai))

Details:

  • In its fiscal third quarter ended May 9, 2026, AutoZone reported net sales of about $4.8 billion, with total same-store sales up 3.9% and domestic same-store sales up 4.1%. ([about.autozone.com](https://about.autozone.com/news-releases/news-release-details/autozone-3rd-quarter-total-company-same-store-sales-increase-39?utm_source=openai))
  • Diluted earnings per share rose to $38.07 from $35.36 a year earlier, while net income increased to $641.5 million from $608.4 million. ([about.autozone.com](https://about.autozone.com/news-releases/news-release-details/autozone-3rd-quarter-total-company-same-store-sales-increase-39?utm_source=openai))
  • The company repurchased about 164,000 shares for roughly $586.3 million during that quarter, reinforcing its longstanding buyback strategy. ([about.autozone.com](https://about.autozone.com/news-releases/news-release-details/autozone-3rd-quarter-total-company-same-store-sales-increase-39?utm_source=openai))
  • On June 16, 2026, AutoZone’s board authorized an additional $1.5 billion for share repurchases, a move that can support sentiment by signaling confidence in cash generation and future results. ([investors.autozone.com](https://investors.autozone.com/news-releases/news-release-details/autozone-authorizes-additional-stock-repurchase-33?utm_source=openai))
  • Sources:

    AutoZone, SEC, Quiver Quantitative ([investors.autozone.com](https://investors.autozone.com/news-releases/news-release-details/autozone-authorizes-additional-stock-repurchase-33?utm_source=openai))

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $AZO Insider Trading Activity

    AZO Insider Trades

    $AZO insiders have traded $AZO stock on the open market 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

    Here’s a breakdown of recent trading of $AZO stock by insiders over the last 6 months:

    To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

    $AZO Hedge Fund Activity

    We have seen 521 institutional investors add shares of $AZO stock to their portfolio, and 707 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

    $AZO Congressional Stock Trading

    Members of Congress have traded $AZO stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

    Here’s a breakdown of recent trading of $AZO stock by members of Congress over the last 6 months:

    To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

    $AZO Analyst Ratings

    Wall Street analysts have issued reports on $AZO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Truist Securities issued a "Buy" rating on 05/27/2026

    To track analyst ratings and price targets for $AZO, check out Quiver Quantitative's $AZO forecast page.

    $AZO Price Targets

    Multiple analysts have issued price targets for $AZO recently. We have seen 13 analysts offer price targets for $AZO in the last 6 months, with a median target of $3850.0.

    Here are some recent targets:

    • Max Rakhlenko from TD Cowen set a target price of $3700.0 on 06/04/2026
    • Steven Zaccone from Citigroup set a target price of $3700.0 on 05/28/2026
    • David Bellinger from Mizuho set a target price of $3200.0 on 05/27/2026
    • Scott Stember from Roth Capital set a target price of $4023.0 on 05/27/2026
    • Michael Baker from DA Davidson set a target price of $3750.0 on 05/27/2026
    • Steven Forbes from Guggenheim set a target price of $4000.0 on 05/27/2026
    • Simeon Gutman from Morgan Stanley set a target price of $3605.0 on 05/27/2026

    This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.

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