Roth Capital Boosts Price Target for AutoZone Following Mixed Q3 Results

Roth Capital has raised its price target for AutoZone (AZO) to $4,135 from $3,763 and maintained a Buy rating. Despite mixed Q3 results, the analyst is optimistic about AutoZone's future prospects, citing the stability of the automotive industry and continued market share growth. The average one-year price target for AZO is $4,088.50, with an average brokerage recommendation of 1.9, indicating an "Outperform" status.

Roth Capital has recently revised its price target for AutoZone (AZO) to $4,135, an increase from the previous target of $3,763. The analyst has maintained a Buy rating, indicating optimism about the company's future prospects despite mixed third-quarter (Q3) results. The average one-year price target for AZO is $4,088.50, with an average brokerage recommendation of 1.9, indicating an "Outperform" status.

The analyst cited the stability of the automotive industry and continued market share growth as key factors behind the positive outlook. Despite missing earnings estimates in Q3, AutoZone reported a 5.4% year-over-year increase in revenue, reaching $4.46 billion. The company's net margin stood at 14.18%, and its return on equity was negative at -53.89%.

AutoZone's stock has been the subject of several recent research reports. Argus downgraded the stock from a "buy" rating to a "hold" rating, while Morgan Stanley increased its target price to $4,000.00. Roth Capital, JPMorgan Chase, and DA Davidson have all raised their price targets, with DA Davidson increasing its target to $4,850.00. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating, and three have issued a strong buy rating. The stock currently has an average rating of "Buy" and an average target price of $4,072.24.

Institutional investors and hedge funds have also shown interest in AutoZone. Hudson Valley Investment Advisors Inc. ADV raised its holdings in AutoZone by 10.1% in the first quarter, while GAMMA Investing LLC increased its holdings by 435,031.1%. Blue Zone Wealth Advisors LLC trimmed its position by 8.4%, and several other institutional investors have bought or sold shares of the company.

AutoZone's insiders have also been active. CEO Philip B. Daniele sold 2,000 shares, and SVP K. Michelle Borninkhof sold 136 shares. The company's insiders own approximately 2.10% of the stock.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-hudson-valley-investment-advisors-inc-adv-has-1127-million-position-in-autozone-inc-nyseazo-2025-06-07/
[2] https://www.marketbeat.com/instant-alerts/filing-blue-zone-wealth-advisors-llc-has-879-million-stock-holdings-in-autozone-inc-nyseazo-2025-06-07/