Braun Stacey Associates Inc. raised its position in AutoZone by 7.8% during the third quarter, acquiring an additional 613 shares to bring its total holdings to 8,425 shares. This stake now represents approximately 1.2% of the firm’s portfolio and ranks as its 18th largest position. At quarter-end, Braun Stacey’s AutoZone shares were valued at $36.1 million, reflecting institutional confidence in the company’s long-term performance.

In its most recent quarter, AutoZone reported revenue of $4.63 billion, up 8.2% year-over-year, driven by strength in DIY and professional channels. Earnings per share came in at $31.04, missing consensus by $1.65. The company’s net margin stood at 12.8%, while return on equity was negative 65.4%, a figure influenced by recent share repurchases and working capital fluctuations. Management reiterated guidance for full-year EPS of approximately $153.

During the quarter, Director Brian Hannasch purchased 147 shares and CFO Jamere Jackson acquired 55 shares of AutoZone, increasing their respective holdings by 18.0% and 12.7%. In total, insiders added 347 shares valued at roughly $1.18 million. Insider ownership now accounts for 2.6% of outstanding shares, underscoring executive belief in the company’s valuation and growth prospects.

Research firms have recently updated their assessments of AutoZone. Mizuho and TD Cowen trimmed target prices but maintained outperform and buy ratings, while Rothschild & Co Redburn raised its target and reiterated a buy recommendation. Overall, 27 analysts rate the stock as a buy or strong buy, five as a hold, and the consensus target implies upside of over 20% from current levels. The average analyst EPS forecast for the coming fiscal year stands at $152.94.