AutoZone Stock Plunges 5.89% Amid NUGO Outflows

On July 15, 2025, AutoZone's stock experienced a significant drop of 5.89% in pre-market trading, indicating a notable shift in investor sentiment towards the company.

AutoZone, Inc. has been impacted by recent outflows from the Nuveen Growth Opportunities ETF (NUGO), which saw a substantial decrease in shares outstanding. This outflow, amounting to approximately $174.6 million, represents a 6.0% reduction week over week. Such outflows can have a ripple effect on the underlying components of the ETF, including AutoZone, as the destruction of units often involves selling the underlying holdings.

Despite the overall market sentiment, AutoZone's stock has shown resilience in recent trading sessions, with a slight increase of 0.8% in today's trading. This suggests that while the ETF outflows may have caused short-term volatility, investors remain optimistic about the company's long-term prospects.