Why AutoZone Shares Are Falling Today

AutoZone (AZO) is down 5.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is continued investor concern after AutoZone’s late-May quarterly report, where profit grew but sales still looked soft relative to expectations and margins faced pressure. There does not appear to be a new negative company filing tied to today’s move, so this could be because traders are still digesting the weaker top-line impression and inventory-related concerns from that report.

Details:

In its fiscal third-quarter release, AutoZone posted net sales of $4.84 billion, up 8.4% year over year, with domestic same-store sales up 4.1% and total company constant-currency same-store sales up 3.9%.

Quarterly diluted earnings per share rose to $38.07, but gross margin slipped by 57 basis points, with the company citing a 77 basis point non-cash LIFO impact as a major factor.

Inventory increased 10.8% from a year earlier, while inventory turns were 1.3x versus 1.4x a year ago, metrics that can feed concern about merchandising efficiency and margin quality.

AutoZone’s board authorized an additional $1.5 billion in share repurchases on June 16, which suggests there was no obvious fresh corporate warning and points more toward sentiment pressure than a newly disclosed setback.

Sources:

AutoZone, SEC, Stock Analysis

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 insiders have traded $AZO stock on the open market 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.

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

RICHARD CRAIG SMITH (Sr. Vice President) has made 0 purchases and 2 sales selling 9,100 shares for an estimated $33,032,000.
BRIAN HANNASCH purchased 165 shares for an estimated $492,855
EARL G JR GRAVES sold 50 shares for an estimated $173,936

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.

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$AZO Hedge Fund Activity

We have seen 431 institutional investors add shares of $AZO stock to their portfolio, and 595 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 134,042 shares (-99.1%) from their portfolio in Q1 2026, for an estimated $449,687,452
BOSTON PARTNERS removed 100,705 shares (-42.5%) from their portfolio in Q1 2026, for an estimated $337,847,651
NUVEEN, LLC removed 78,427 shares (-48.9%) from their portfolio in Q1 2026, for an estimated $263,108,860
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 74,930 shares (-96.3%) from their portfolio in Q1 2026, for an estimated $251,377,037
CAPITAL WORLD INVESTORS added 65,041 shares (+136.3%) to their portfolio in Q1 2026, for an estimated $218,201,172
MORGAN STANLEY removed 46,660 shares (-9.5%) from their portfolio in Q1 2026, for an estimated $156,536,134
BANK OF AMERICA CORP /DE/ removed 39,822 shares (-31.3%) from their portfolio in Q1 2026, for an estimated $133,595,841

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:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 01/30 and 1 sale worth up to $15,000 on 05/29.
SENATOR MARKWAYNE MULLIN sold up to $100,000 on 02/25.

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 14 analysts offer price targets for $AZO in the last 6 months, with a median target of $3925.0.

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
Michael Baker from DA Davidson set a target price of $4300.0 on 05/27/2026
Tristan Thomas-Martin from BMO Capital set a target price of $4000.0 on 05/27/2026
Justin Kleber from Baird set a target price of $3600.0 on 05/27/2026
Christopher Horvers from JP Morgan set a target price of $3850.0 on 05/27/2026
David Bellinger from Mizuho set a target price of $3200.0 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.