AutoZone Stock Plunges 7.47% as Hendley & Co. Cuts Stake

On July 8, 2025, AutoZone's stock experienced a significant drop of 7.47% in pre-market trading, indicating a notable shift in investor sentiment towards the company.

Hendley & Co. Inc. recently reduced its stake in AutoZone, Inc. by 12.5% during the first quarter. This move suggests a potential lack of confidence in the company's near-term prospects, which could be contributing to the recent decline in stock price.

Investors are closely monitoring AutoZone's performance, as any further negative developments could lead to additional sell-offs. The company's ability to navigate current market challenges and maintain its competitive edge will be crucial in determining its future stock performance.